The move makes Deutsche Bank the first of the major global banks to adopt cloud technology for collateral and margin management.
The service will streamline corporate actions, dividend and coupon processing across asset classes, business lines and regions.
The deal comes six months after Torstone entered the Norwegian market following its connection to the local CSD.
Amazon Web Services and other cloud providers are fast becoming a critical part of the financial world and, in particular, the securities services industry. But how is this impacting the traditional providers?
Different institutions are at varied stages of development in the implementation of cloud infrastructure in the post-trade space according to Celent.
Latest research from Celent reveals capital markets are becoming more accepting of cloud-based technology due to market pressures, rising costs and technology developments.