DUBLIN, IRELAND--(Marketwire - Feb. 12, 2013) - Rockall Technologies, a leading financial services solutions company, is delighted to announce that their collateral management solution, STOC, has been selected by CoBank (CO, USA). STOC automates the management, tracking and valuation of collateral by importing and analyzing information for eligibility and LTV based on predetermined and user-definable business rules and policies and valued via multiple market sources.
STOC will provide the credit, collateral and lending teams with appropriate and timely decision-support throughout the life of their loans thereby minimizing risk, improving the areas of perfecting, valuation and collateral-release and providing more efficient service to CoBank's customers.
About Rockall Technologies:
Rockall Technologies (www.rockalltech.com) is an international software solutions company with offices in Dublin, Ireland and the USA. Rockall has more than 15 years of experience providing lending and collateral management solutions to strategic partners in the global financial services market. Rockall's products fulfill an organization's need for recording, managing and systematic tracking of liquid and loan book collateral. An example of Rockall clients 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. For more details on Rockall clients and solutions go to www.rockalltech.com.
CoBank is a $90 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states.
CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture and the nation's rural economy. In addition to serving its direct retail borrowers, the bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 70,000 farmers, ranchers and other rural borrowers in 23 states around the country.
Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.