CloudMargin wins category of OPERATIONAL RISK TECHNOLOGY PRODUCT OF THE YEAR at the 2016 Risk Awards, making this their fifth industry win in only three months.
CloudMargin, the provider of an innovative web-based collateral and margin management solution, have won “Operational Risk Technology Product of the Year” in the Technology category at the coveted 2016 Risk Awards, making this their fifth industry award in only three months.
The Risk Awards, the longest-running awards of their kind, are widely recognised as the most prestigious and acknowledge the work of firms and individuals in the derivatives markets and risk management industry. The winners of The 2016 Risk Awards were announced during an awards dinner in London on Wednesday 27th January.
CloudMargin’s functionally rich, and highly automated, workflow management tool is a response to the new demands born of increased regulation in the post financial crisis era. This cloud-based, risk and margin management platform allows users of derivatives to meet their new, post crisis objectives whilst bypassing many of the shortfalls of historical on-premise software or outsourced alternatives.
Over the past three months, CloudMargin have also been awarded the title of “Best Buy-Side Collateral Management Tool” at the BST Awards, “Best New Technology” in the Collateral Management category at the FOW International Awards, “Collateral Services Provider of the Year” at the Custody Risk Awards, and “FIA’s Innovators Award” at last years FIA Expo event in November.
Karl Wyborn, Global Head of Sales at CloudMargin said of the win: “We are, once again, overjoyed to be receiving an award that validates and recognises the progress and success CloudMargin have made over the past year. With this, CloudMargin have set the standard for innovation and creativity, as we look to bring efficient collateral management to all market participants irrespective of size or sophistication”.