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Decreasing Collateral Tech Spend – Steve Husk, CloudMargin

CloudMargin, a cloud-based collateral management platform, spent 2017 acquiring new clients, including two tier one institutions.  In 2018, CloudMargin wants to double its client list from 50 to 100 firms. According to CloudMargin CEO Steve Husk, banks can spend $1000 a year managing and maintaining each of its credit support annexes (CSAs) – CloudMargin’s technology brings that number down to around $100. In this video from JLN’s annual series with industry leaders, Husk talks about more goals for CloudMargin and why the company doesn’t do bespoke solutions. 

Produced by Mike Forrester
Interview by Jim Kharouf

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Graduate of University of Minnesota School of Journalism and Mass Communication