Options Clearing Corporation (OCC), based in Chicago, is the world’s largest equity derivatives clearing organization. It provides clearing and settlement services to 20 member exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions.
OCC’s role as a Systemically Important Financial Market Utility (SIFMU) is critical in providing financial stability to market participants, investors, and the economy. It all comes down to sound risk management – and OCC set out to digitally transform the way they manage risk.
OCC deployed 9 critical risk management applications on Appian in 18 months. Appian’s automation, its data management and visibility through Records, and its one-click reporting have allowed OCC to embed control and compliance validation into the core of these processes.
“We’ve covered a lot of ground in a relatively short amount of time, and we wouldn’t have been able to do all that without a low-code platform like Appian.”