KeyBank live with SmartStream’s collateral management service in cloud

SmartStream Technologies announced that KeyBank is live with its cloud collateral management service, which provides coverage for cleared and non-cleared, over the-counter (OTC) derivatives, repo and securities lending margining. The service is named TLM Collateral Management OnDemand solution.

KeyBank needed to streamline its back-office workflow with a cloud offering that would enhance efficiencies within their collateral management operations – this included all data capture, validation, calculation and processing. In addition, the use of APIs links the application to various other reporting solutions and downstream systems. The management dashboard helps with trend analysis and decision-making.

Paula Janofsky, Swap Operations director at KeyBank, said in a statement: “Moving to the cloud enabled us to further improve and automate our operational and credit risk strategies, and reduce our internal infrastructure and support costs”.

TLM Collateral Management can be installed on-premise or accessed via the cloud, and the OnDemand solution provides physical segregation of client data to ensure that client information is never commingled.


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