Fiserv, a provider of financial services technology solutions, has said that it will utilize Omgeo ProtoColl as its dynamic collateral management solution.

According to Fiserv, using Omgeo ProtoColl, its new and existing customers on the TradeFlow platform will be able to automate their collateral management process, handle numerous asset classes and increase visibility into credit exposure to mitigate counterparty risk.

Omgeo ProtoColl is designed with a configurable workflow to help streamline the collateral process. Its intuitive dashboard enables users to manage all tasks including notifications and exceptions from a single central location.

Paul Thomas, managing director of investment services at Fiserv, said: “By automating the collateral management process, clients will have a holistic view of their positions, which is invaluable to achieving the key goal of minimizing counterparty risk.

“Using Omgeo ProtoColl, Fiserv clients will have the ability to quickly identify discrepancies and highlight which details must be resolved between existing counterparties.”