20 June 2018
Visit www.worldwealthreport.com/

Standard Bank deploys Algo Collateral

07 November 2002  |  3230 views  |  0 Standard Bank deploys Algo Collateral

South Africa-based Standard Bank Group is to roll out Algorithmics' Algo Collateral system across its global operations.

Algo Collateral will enable the bank to automate collateral activity and help minimise the operational risks associated with margining processes.

Deon Kruger, head of global collateral management and operations, Standard Bank says: "Algo Collateral allows us to centralise the management of our global collateral function and facilitate the planned increase in the size and scope of the operation without a significant investment in technical or business resources."

The system will be implemented at the bank's South Africa and London sites next year, with roll out to its Hong Kong and Brazil operations planned at a later date.

The deal marks the first client for Algo Collateral in South Africa. Standard Bank also licenses Algorithmics' Algo Market solution.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Commerzbank partners with Algorithmics to develop op risk forecasting tool

Commerzbank partners with Algorithmics to develop op risk forecasting tool

04 November 2002  |  4220 views  |  0 comments
Danske Bank licenses Algo Collateral system

Danske Bank licenses Algo Collateral system

17 October 2002  |  3558 views  |  0 comments
Algorithmics launches Algo Suite 4.2 for risk management

Algorithmics launches Algo Suite 4.2 for risk management

07 October 2002  |  3287 views  |  0 comments
Algorithmics wins Bayerische Landesbank collateral contract

Algorithmics wins Bayerische Landesbank collateral contract

12 September 2002  |  3712 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://info.nice.com/Visit www.worldwealthreport.comVisit iliad-solutions.com/

Top topics

Most viewed Most shared
GPS raises £44 million to fund international growthGPS raises £44 million to fund intern...
18117 views comments | 6 tweets | 8 linkedin
Ripple exec says DLT not ready for banks...yetRipple exec says DLT not ready for banks.....
11666 views comments | 11 tweets | 33 linkedin
DBS to use robot to screen applicants for human jobsDBS to use robot to screen applicants for...
8463 views comments | 3 tweets | 6 linkedin
Robots save Nordea from GDPR processing nightmareRobots save Nordea from GDPR processing ni...
8366 views comments | 10 tweets | 17 linkedin
Alior to launch pan-European digital bank with solarisBank and RaisinAlior to launch pan-European digital bank...
8035 views comments | 10 tweets | 16 linkedin

Featured job

Basic c Euro 120K, Variable Euro 120K - full ben...
Paris prefered London possible

Find your next job