LONDON, April 20, 2015 /PRNewswire/ --
Major global derivatives trader adopts Thunderhead cloud solution to lead industry towards a standard cloud-based solution to increase business efficiency and meet with Dodd Frank and EMIR regulations.
Thunderhead's ONE was selected by one of the world's leading financial services providers for its Capital Markets solution, which enables business users to communicate and collaborate in real-time, streamlining paper processes across the entire trading lifecycle - effectively reducing costs, increasing transparency and simplifying compliance, while ensuring to remain compliant with the evolving regulatory landscape.
Deutsche Bank needed a cloud solution to enable its employees to manage communication-template creation, composition, negotiation and execution that would support all trade documentation in the increasingly regulated and cost-sensitive trading environment.
Thunderhead currently works with 14 of the G15 investment banks and has a growing number of major energy companies as customers, supporting them in automating thousands of processes every day, as well as being the leading Customer Engagement solution provider for over 200 major brands.
The Thunderhead solution means that customers will benefit from:
- Greater compliance
- Additional control
- Reduction of costs
ONE for Capital Markets was developed with advisory support from a working group of industry representatives from the G15 investment banks to ensure market compliance in line with CFTC (Commodity Futures Trading Commission) and ESMA (European Securities and Markets Authority) rules.
In addition, a separate working group, led by Thunderhead, was established to develop and implement an industry standard that would:
- Help industry members to demonstrate control around relationship documents, in line with Dodd Frank and EMIR regulations
- Showcase Thunderhead's ONE for Capital Markets as the solution of choice to enable industry members to work effectively, in a controlled environment, with relationship and trade documentation
Robin Moody, Global Head of Capital Markets, Thunderhead, said: "Working with Deutsche Bank as a valued customer of Thunderhead is further validation of our market-leading industry solution. With the vital support from such a respected company we are developing and leading the implementation of one industry-wide standard.
"The regulatory landscape is changing rapidly and with the continued support of working group members we're able to help other organizations to more effectively comply as business processes evolve to meet the needs of our customers."
Thunderhead is beginning to work with Deutsche Bank to extend value with its award-winning customer engagement solution, the ONE Engagement Hub.
Thunderhead is the industry standard for trade and relationship documentation and provides a range of powerful SaaS capabilities as part of its ONE Engagement Hub that lead the Customer Engagement market. The ONE Engagement Hub ties together customer insight, context and journey behavior and uses these to inform interactions with customers and partners across all touchpoints.
14 of the G15 investment banks and some of the world's largest energy and commodity companies trust Thunderhead to help them simplify trade documentation for all market participants, across all asset classes and product types.
We make it easy for customer-facing teams to design and deploy great customer journeys based on this rich insight and through value-driven interactions that lead to long-term engagement.
The result is that businesses have more power to drive revenue, brand strength and differentiation by delivering far beyond isolated interactions and experiences but by creating the rich relationships that great businesses are built on. Thunderhead serves its global customer base from offices located in North America, Europe and Asia Pacific.
Contact: Kirstin Ogilvie, [email protected], +44(0)207-494-5000