Security News > 2020 > August > Wipro and Quaternion simplify compliance for financial institutions covered under UMR

As part of the collaboration, Wipro will offer SIMM-in-a-box to financial institutions covered under Uncleared Margin Rules.

The offering will allow financial institutions to calculate trade sensitivities, generate CRIF file and calculate initial margin in-house.

"Keyur Maniar, Senior Vice President and Global Head, Capital Markets, Wipro Limited said,"The uncleared margin rules offering from Wipro demonstrates our deep understanding of our clients' business imperatives, and our ability to combine strong industry knowledge with global best-of-breed technology solutions for smart execution.

"SIMM calculation is a complex area with a significant role in regulatory compliance. Our compelling proposition and partnership with Quaternion promises to abstract away these challenges and let our clients focus on their core business."

"Quaternion is delighted to partner with Wipro to help bring SIMM best practices to every corner of the financial services industry," said Scott Sobolewski, Principal at Quaternion.

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