Expense Management

Expense Management

March 06, 2013

Rockall Technologies Provides Collateral Management Solutions to CoBank, Colorado

Rockall Technologies, a provider of financial services and collateral management systems for the financial industry, has been selected by CoBank, Colorado, to automate, manage, track and valuate collateral.

Under this partnership, Rockall Technologies provides its STOC (Systematic tracking of collateral) trade solution to CoBank to help the financial institution manage the collateral.

CoBank is a $90-billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states.

STOC simplifies the process of collateral management by importing and analyzing information for eligibility and LTV, based on predetermined and user-definable business rules and policies and valued via multiple market sources.

The collateral management system is designed to integrate easily into the banks systems. The enterprise-wide database has customer hierarchies, as well as limits and workflow management. It frees the financial organizations from spreadsheets and other rudimentary solutions to provide automated collateral management.

Rockall Technologies’ solutions also address the need for the recording, managing and systematic tracking of liquid and loan book collateral. With its powerful capabilities to mitigate risk and enhance customer experience, the collateral STOC helps organizations reduce costs and improve operational efficiency.

STOC will help CoBank provide the credit, collateral and lending teams with appropriate and timely decision-support throughout the life of their loans. The process will minimize risks associated with financial management and improve the areas of perfecting, valuating and collateral-release, and providing more efficient services to CoBank's customers.

Rockall focuses on markets including real estate, physical assets, securities, commodities and whole loans. The company serves leading clients of Wells Fargo (News - Alert), US Bank, M & T Bank, FHLBank Chicago, and FHLBank New York in the U.S., National Australia Group, Standard Bank of South Africa and Barclays Bank. 

Edited by Braden Becker

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