13 September 2016
Lombard Risk Management plc
("Lombard Risk" or the "Company")
Lombard Risk launches AgileCOLLATERAL
Lombard Risk Management plc (LSE: LRM), a leading provider of integrated collateral and regulatory reporting solutions is launching AgileCOLLATERAL, a cloud-based collateral management system which offers the functionality of its market-leading COLLINE solution in a modular, light touch delivery format.
The new AgileCOLLATERAL product is targeted at asset managers, buy-side brokers, pension funds, corporates and investment firms which need the agility to "turn-on" a collateral-in-a-box solution that is hosted in the cloud and eliminates the need for onsite installation and infrastructure costs. It can be up and running in as little as a day. It is intuitive, reducing the need for training, and modular, adding asset classes as needed, scaling up over time to handle more complexity and volume, and implemented in layers to control costs to match business needs. AgileCOLLATERAL is designed to be delivered rapidly through either a licence or subscription fee model.
The AgileCOLLATERAL product is being launched now to help buy-side clients meet the stricter uncleared collateral margin requirements being phased in from around March 2017.
Alastair Brown, Lombard Risk's Chief Executive Officer said: "Buy-side firms face numerous collateral challenges particularly as they have to meet new regulatory requirements expected to be phased in around March, which will see margin requirements and liquidity ratios increase. This means they must look at new ways to meet these challenges while keeping control of headcount, minimising fixed cost increases and reducing the impact on fund performance.
"AgileCOLLATERAL gives a greater level of control over operational processes due to its rapid implementation, flexible pricing models and low cost deployment options. This allows firms to reduce the high cost of collateral management and redirect resources to better serve investors."
AgileCOLLATERAL provides direct connections to electronic messaging services and its optimisation algorithms allow firms to maximise the use of assets. It also provides security through the elimination of spreadsheets, and mitigates risk associated with manual input and calculations. Automated validation checks reduce the number of manual errors while its intuitive dashboard and advanced UI provides visibility over workflow on all collateral activities.
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Lombard Risk Management plc
Alastair Brown, CEO
Nigel Gurney, CFO
Tel: 020 7593 6700
Tel: 020 7220 0500
Tel: 020 7653 9850
Email: [email protected]
About Lombard Risk
Lombard Risk is a leading provider of regulatory reporting and collateral management solutions to the financial services industry. Through intelligent automation and optimisation, Lombard Risk's clients are able to improve their approach to risk management, gaining the agility they need to have a competitive advantage. As well as bringing immediate and urgent solutions to clients' needs, Lombard Risk's global team of experts look beyond today's reporting and collateral management to develop technology solutions that help them adapt as industry challenges evolve.
Counting over 30 of the world's 'Top 50' financial institutions among its clients, Lombard Risk has been a trusted partner for 27 years. Founded in 1989 and headquartered in London, it has offices in New York and Asia Pacific (Hong Kong, Shanghai, Singapore and Tokyo), and service centres in Germany, Atlanta, Cape Town and Miami. Find out more at lombardrisk.com
This information is provided by RNS