CloudMargin wins category of BEST NEW TECHNOLOGY PRODUCT – COLLATERAL MANAGEMENT at the FOW International Awards 2015, making this their fourth industry award of 2015.
CloudMargin, the provider of an innovative web-based collateral and margin management solution, have won “Best New Technology” in the Collateral Management category at the 2015 FOW International Awards, making this their fourth industry award in less than two months.
The FOW International Awards, sponsored by the Futures and Options World, recognize achievements and innovations by leading technologies and third-party vendors in the derivatives industry. The winners of the FOW International Awards 2015 were announced during an awards dinner in London on Tuesday December 8th.
“CloudMargin represents a new way of thinking around software as a service and has the ability to appeal to a very large part of the market that need this technology to support intensified future margin management requirements. With benefits such as speed of installation to initial use, combined with a reduced cost model, it has a place in the market that few would be able to compete in,” said one FOW judge of the CloudMargin solution.
CloudMargin’s functionally rich, and highly automated, workflow management tool is a response to 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.
This year alone, CloudMargin have also been awarded the title of “Best Buy-Side Collateral Management Tool” at the BST Awards, “Collateral Services Provider of the Year” at the Custody Risk Awards, as well “FIA’s Innovators Award” at this years FIA Expo event in November.
Karl Wyborn, Global Head of Sales at CloudMargin added: “The CloudMargin team are extremely happy to have received this level of recognition for our highly innovative and some might argue disruptive solution. We strongly believe the answer to today’s collateral management related challenges lies in innovation and the adoption of new technologies. The four industry awards we have received over the last two months is a testament to the strength of this vision and its realisation through the CloudMargin platform.