OREANDA-NEWS. Lombard Risk Management plc (AIM: LRM), a leading provider of integrated collateral management and regulatory reporting solutions for the financial services industry, is pleased to announce that its flagship regulatory reporting solution, AgileREPORTER® for OFSAA, has been selected by a Global Systemically Important Bank ("G-SIB").

By simplifying data acquisition, compilation and computation AgileREPORTER® for OFSAA is particularly suited to large firms with complex, multi-jurisdictional reporting requirements and will enable this world-renowned organisation to meet its increasing regulatory obligations with increased efficiency and minimised cost.

This win is the first to be secured by the Company with a G-SIB following the agreement with Oracle America Inc. (Oracle) announced on 18 March 2016 and demonstrates the potential opportunities available to the Company from this key partnership. Under the agreement, Oracle is licensed to sell AgileREPORTER® for OFSAA and regulatory reporting templates to integrate with its Oracle Financial Services Data Foundation. AgileREPORTER® for OFSAA forms part of the Oracle Regulatory Reporting Solution being offered globally to manage end-to-end reporting to regulators.

Alastair Brown, CEO of Lombard Risk commented: "We are delighted that AgileREPORTER® for OFSAA has been chosen by a G-SIB. This new client win is a significant endorsement of both AgileREPORTER® for OFSAA and our relationship with Oracle and makes an exciting addition to our client portfolio, underlining Lombard Risk's position as a leading provider of collateral management and regulatory reporting solutions."

 

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 Frankfurt, Atlanta, Cape Town and Miami. Find out more at lombardrisk.com