Sapient optimises collateral management for DZ Bank
DZ Bank’s group treasury division has implemented its collateral management operations with the help of Sapient Global Markets.
DZ Bank, Germany’s third largest bank by asset size, worked with Sapient to “optimise and automate the collateral allocation process”. This project began with a proof of concept, using anonymised production data, to create a system assessment and find a platform that “could fulfil both collateral function and IT infrastructure requirements”.
Sapient says regular incremental go-lives allowed for “immediate bug fixing and decreased overall project risk” and meant the process lasted less than six months.
Stefan Nagel, group lead IT project management capital markets at DZ Bank, says with the “collateral expertise” from Sapient, both firms “planned and delivered excellent work on-time and on-budget”.
Sapient says the implementation has delivered a number of results. These include annual collateral funding cost savings; and remaining manual insertions have been removed and an intraday market data delivery has been implemented.
