/regulation & compliance

News and resources on regulation, compliance, legal and governance issues for banks and fintechs.

Banco do Brasil London deploys CloudMargin

CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, today announced that Banco do Brasil in London, a branch of one of Latin America’s largest banks, has deployed the CloudMargin platform for its global collateral processing.

  0 Be the first to comment

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

The branch is now fully onboarded to CloudMargin, using the platform to process collateral for its over-the-counter (OTC) foreign exchange (FX) transactions, including FX forwards and cross-currency swaps.

Prior to transitioning to CloudMargin’s platform, Banco do Brasil was using in-house solutions to manage its OTC collateral activity.

Banco do Brasil in London is the first client to use CloudMargin’s new internal portfolio model, enabling the bank to have a single ISDA Credit Support Annex (CSA) with its London branch and still allocate exposures globally across the bank’s head office and international branches. As with every CloudMargin enhancement, all clients have simultaneous access to the new functionality, and others are beginning to use it as well.

Juliano Marcatto, Deputy General Manager at the branch, commented: “Going live with CloudMargin went very smoothly. It has been a pleasure working with the team, which provided us with tremendous support throughout the on-boarding process. It’s a great improvement.”

CloudMargin CEO Steve Husk said: “We’re very pleased that our platform, with feature-rich functionality, integrates so well with the unique collateral processes at Banco do Brasil, giving the operations team substantially greater structure and control at an affordable cost. Our cloud-based solution is accessible globally, giving clients one shared view of their collateral data and real-time status of their workflow, enabling teams to increase their efficiency considerably. In today’s environment, using a spreadsheet based approach for collateral management is just not a viable, robust option for most firms.”

Sponsored [Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming Mandates

Comments: (0)

[New Impact Study] Catering to a new generation though unified card programmesFinextra Promoted[New Impact Study] Catering to a new generation though unified card programmes