SWIFT scores first cloud collateral management firm
26 January 2016 London
Image: Shutterstock
SWIFT has signed up its first network cloud-based collateral management solution provider to its network.
CloudMargin will use SWIFT's network to provide clients with direct market connectivity as well as consolidating multiple collateral pools, margin messaging and automated collateral delivery.
SWIFT aims to enable direct, automatic, access to financial institutions across the globe in a bid to overhaul the predominately email-based communication systems currently used.
Andy Davies, founder of CloudMargin, said: “Never before has this level of automation and end-to-end connectivity been seen in an off-the-shelf application that only requires a single, simple, low-touch integration.”
“It reinforces CloudMargin’s position as the most innovative, functionally complete and accessible solution in the market.”
Keith Tippell, head of securities at SWIFT added: “CloudMargin’s adoption of SWIFT connectivity and standards is a great example of a vendor business partnership driving further automation and efficiency for our community.”
“This particular engagement forms part of SWIFT’s wider global efforts to assist members with STP programmes for collateral management.”
CloudMargin will use SWIFT's network to provide clients with direct market connectivity as well as consolidating multiple collateral pools, margin messaging and automated collateral delivery.
SWIFT aims to enable direct, automatic, access to financial institutions across the globe in a bid to overhaul the predominately email-based communication systems currently used.
Andy Davies, founder of CloudMargin, said: “Never before has this level of automation and end-to-end connectivity been seen in an off-the-shelf application that only requires a single, simple, low-touch integration.”
“It reinforces CloudMargin’s position as the most innovative, functionally complete and accessible solution in the market.”
Keith Tippell, head of securities at SWIFT added: “CloudMargin’s adoption of SWIFT connectivity and standards is a great example of a vendor business partnership driving further automation and efficiency for our community.”
“This particular engagement forms part of SWIFT’s wider global efforts to assist members with STP programmes for collateral management.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
