Country for PR: United States
Contributor: PR Newswire New York
Friday, February 08 2019 - 12:00
AsiaNet
Deutsche Bank Transforms Global Collateral Management with CloudMargin Platform
LONDON, Feb. 8, 2019 /PRNewswire-AsiaNet/ --

--Initiative Brings Client Transparency, Operational Efficiencies and Cost 
Savings 

CloudMargin ( 
https://c212.net/c/link/?t=0&l=en&o=2366668-1&h=469773579&u=https%3A%2F%2Fcloudmargin.com%2F%23utm_source%3DPress%26utm_medium%3DRelease&a=CloudMargin 
), the award-winning creator of the world's first and only collateral and 
margin management solution native to the cloud, and Deutsche Bank ( 
https://c212.net/c/link/?t=0&l=en&o=2366668-1&h=1725480980&u=http%3A%2F%2Fwww.db.com%2F&a=Deutsche+Bank 
), Germany's leading bank, announced today that, as part of its global 
transformation programme, the bank is working with CloudMargin to integrate the 
CloudMargin platform into its Collateral infrastructure. In addition to cost 
savings, the move is expected to improve the client experience by creating a 
networked solution for Deutsche Bank's collateral management, resulting in 
additional transparency, reduced operational risk and simpler processes.

Logo - https://mma.prnewswire.com/media/818104/CloudMargin_Logo.jpg 

Joseph Macdonald, Global Head of Collateral Optimisation Trading for Deutsche 
Bank, said: "Moving our collateral and margin management on to an online 
platform means that we and our clients will enjoy a reduction in risk and 
resource-draining emails and calls. This is believed to be the first time a 
Tier 1 bank will use a public cloud-based service for a critical piece of 
infrastructure, such as managing margin calls with its own counterparties. For 
our clients, this will make for an intuitive online user experience on the 
platform. The movement of our collateral management programme to CloudMargin is 
also in line with a number of the bank's goals: enhancing our client service, 
being technology-led and improving efficiency. The cloud platform will give us 
a cost-effective means of servicing our clients, regardless of their size."

The transition to CloudMargin's cloud-based platform means that Deutsche Bank 
and its clients will benefit from access to the same information about the 
obligations and required actions for their cleared and non-cleared 
over-the-counter (OTC) transactions. This transparency will significantly 
reduce manual intervention and eliminate discrepancies that would otherwise 
take time and resources to resolve. CloudMargin clients are automatically 
connected to an online hub with a community of upstream and downstream partners 
who add further efficiencies and straight-through processing opportunities.

CloudMargin CEO Steve Husk said: "We're delighted to team up with Deutsche Bank 
on this initiative to manage not only its global collateral needs but those of 
its clients of all sizes trading a broad range of instruments.  Deutsche Bank 
interacts with virtually every other major bank as a counterparty, and its 
clients range from the world's largest institutions to smaller buy-side market 
participants.  Our solution enables the sell-side institution to provide the 
same high-quality service, efficiencies and transparency to everyone while 
achieving significant internal cost savings and operational improvements to 
these systemically important processes." 

CloudMargin has committed to delivering a number of system enhancements to 
facilitate the implementation of the solution within Deutsche Bank in time for 
the planned launch of Phase 1.  As is the case with other improvements the 
company makes, CloudMargin clients will all benefit from the enhancements at no 
extra cost.

Husk said that with Deutsche Bank on the platform, CloudMargin can easily 
onboard anyone doing business with the firm.

About CloudMargin

Headquartered in London, CloudMargin created the world's first cloud-based 
collateral management workflow tool, which has earned more than 15 industry 
awards and honours since 2015 for innovation and best-in-class technology. The 
firm's Software-as-a-Service (SaaS) model is helping many of the leading 
financial institutions globally – including brokerage firms, banks, asset 
management firms, insurance companies and exchanges – meet time-critical 
regulatory deadlines and reduce costs associated with collateral requirements 
that are growing dramatically. CloudMargin bypasses many of the shortfalls of 
legacy, on-premise software, enabling clients to experience rapid 
implementation and access to robust and secure collateral management workflow 
software. For more information, visit www.cloudmargin.com. 

About Deutsche Bank

Deutsche Bank provides commercial and investment banking, retail banking, 
transaction banking and asset and wealth management products and services to 
corporations, governments, institutional investors, small and medium-sized 
businesses, and private individuals. Deutsche Bank is Germany's leading bank, 
with a strong position in Europe and a significant presence in the Americas and 
Asia Pacific.

SOURCE: CloudMargin and Deutsche Bank 

CONTACT:  For CloudMargin: Ellen G. Resnick, Crystal Clear Communications, +1 
773-929-9292; +1 312-399-9295 (mobile), eresnick@crystalclearPR.com; For 
Deutsche Bank: Jo Court, +44 207 545 5459, joanne.court@db.com