A global, US-based bank recognized the opportunity to improve and coordinate collateral management and funding processes across business areas to drive better firm-wide benefits. To increase efficiencies, and reduce funding costs and compliance risk, the firm pursued centralized funding and collateral optimization strategy. To realize these strategic goals, they turned to the modular solutions and expertise from Transcend.
- Case Study: Global Broker-Dealer validates client collateral for derivatives exposure, reducing risk
- Case Study: Global Broker-Dealer optimizes tri-party collateral, reducing unsecured funding costs
- Transcend raises $10mn Series A round from fintech VC Nyca and a global custodian bank
- Transcend secures $10m funding to finance EU growth
- Transcend to use fundraising to upscale collateral management services for custodians