AcadiaSoft partners with CloudMargin for Cloud-Based Platform. The partnership creates a fully integrated and modular infrastructure that allows clients to perform the tasks required across the margin and collateral workflow swiftly and seamlessly in the cloud.
AcadiaSoft, a provider of risk and collateral management services for the non-cleared derivatives community, has partnered with cloud-based solution CloudMargin to provide its clients with a front-to-back process for collateral and margin management via a single sign-on to one platform, with real-time data and processing information that all parties can view simultaneously.
Chris Walsh, Chief Executive Officer of AcadiaSoft, commented:
“Our collaboration with CloudMargin enhances the industry-wide infrastructure that AcadiaSoft has developed for collateral and margin management. This partnership enables AcadiaSoft to execute on a key strategic goal of expanding our one connection, one solution initiative in time for the uncleared margin rules (UMR) regulatory timetable as well as our ability to meet industry expectations of a central service in a swifter timeframe.”
By integrating CloudMargin’s cloud-based collateral management service into its core platform, AcadiaSoft will be able to offer a cloud-based risk and collateral solution, from agreement initiation to margin call reconciliation and collateral processing, right through to settlement. The scalable platform is hosted in the public cloud via Amazon Web Services and will perform constant updates and enhancements to the features and functionality without any additional cost.
Stuart Connolly, Chief Executive Officer of CloudMargin, said:
“We are extremely excited to work with Chris, the AcadiaSoft team and its vast user community to bring to market a truly transformative collaboration that will drive best practices and raise the bar in terms of a one-stop solution. Our full end-to-end product not only meets regulatory demands but allows clients to achieve new levels of automation and efficiency to meet their complex workflow needs in a truly cost-effective way.”
In February 2019, CloudMargin announced two new world-class customers, Deutsche Bank and PPM America, a subsidiary of UK-based Prudential.
In March 2019, AcadiaSoft launched an automated end-to-end collateral management platform for all buy-side firms, covering all agreement types – OTC Bilateral, OTC-Cleared, Exchange Traded Derivatives, Repo, MSFTA, Securities Lending and Borrowing.