Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

CoBank chooses Rockall Technologies’ collateral management capability

US-based cooperative lender CoBank has decided to deploy Rockall Technologies’ collateral management solution, STOC, to boost its operational efficiency.

Based on preset and user-definable business rules and policies and valued through multiple market sources, the new technology imports and analyzes information for eligibility and LTV thus automating the management, tracking and valuation of collateral.

Additionally, STOC will cater the credit, collateral and lending teams with appropriate and timely decision-support throughout the life of their loans.

By offering the timely decision-support, it will further reduce risks, improve the areas of perfecting, valuation and collateral-release and provides efficient service to CoBank’s customers.

With offices in Dublin, Ireland and the US, Rockall products fulfill an organization’s need for recording, managing and systematic tracking of liquid and loan book collateral.

Other clients of the company include Wells Fargo, US Bank, M & T Bank, FHLBank Chicago, and FHLBank New York in the US, and National Australia Group, Standard Bank of South Africa and Barclays Bank.

A $90bn lender, CoBank offers loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states.