Rockall Technologies, a financial services solutions company, has announced that their systematic tracking of collateral management solution, STOC, was selected by Standard Bank of South Africa (SBSA).
Reportedly, SBSA will deploy STOC in their corporate banking (CIB) operation, initially in South Africa then rolling the implementation out to its operations in CIB International and finally the rest of Africa.
The company has claimed that STOC is a software application used to automate the management, tracking and valuation of collateral. Collateral and loan information are imported, analyzed for eligibility and LTV based on predetermined business policies. It has added that STOC product allows the bank to minimize the risk.
