Northern Trust Servicing Aims for Clients to Reach Zero-Touch Processing

Northern Trust has partnered with technology provider CloudMargin to launch an enhanced active collateral management platform, so that the majority of clients will have zero-touch processing in 12 months’ time according to a story in MarketsMedia news. Barney Binder, head of collateral management at Northern Trust Asset Servicing, said that collateral management for over-the-counter derivatives and repo continues to become more automated but there is still room to move forward. Binder, who is based in London, joined Northern Trust in November 2023 to lead the firm’s continued strategic evolution of its global collateral capabilities across operations, product development and client service. In November this year Northern Trust said it was launching enhanced active collateral capability with CloudMargin to provide increased transparency on a real-time basis and platform resiliency. CloudMargin is used by 225 buy-side and sell-side institutions across the globe and said it is the first cloud-native collateral management workflow solution.