LONDON- 8th December 2016 – Lombard Risk Management plc (LSE: LRM), a leading provider of integrated collateral management and regulatory reporting solutions for the financial services industry, has signed a co-operation agreement with Atos, an international leader in digital services, to facilitate the delivery of Lombard Risk’s award-winning collateral solution, COLLINE®, to the German market from early 2017.
Atos has an established client network across Germany, including major corporates across the manufacturing, banking and financial services, energy, insurance and public sectors; all of which need collateral management solutions.
As COLLINE® is available as a cloud-based collateral management solution, it can be seamlessly implemented across the Atos infrastructure. It enables clients to move away from managing collateral in business line silos by supporting multiple asset types on a single, web-based platform. By providing a single platform, COLLINE® also delivers more efficient collateral optimisation, and provides users with the capability to manage liquidity and trading book capital.
With an integrated, tool-based approach, Atos transforms and manages technology applications, assisting businesses with their digital transformation. Atos has strong partnerships with companies providing software application, infrastructure and consulting, and will deliver Lombard Risk’s COLLINE® as an integral part of the services for its client base.
Tina Wilkinson, Global Head of Product and Marketing, Lombard Risk said: “Financial services firms in Germany, like the rest of the world, are under increasing pressure to cut costs while upgrading their legacy systems and ensuring compliance. They need to be more nimble in response to the changing regulatory environment, but the complexities of implementing new technology are vast.
“This partnership enables us to harness the reach of Atos’s client network and expertise in digital transformation, so we can deliver our industry leading collateral management solution that can be seamlessly integrated, allowing an efficient and cost-effective system upgrade. We look forward to working with Atos, who are proven experts in their field.”
Markus Schwind, Head of Sales Atos Germany, said: “Lombard Risk is an expert in providing cloud-based collateral management solutions and we see clear synergies for us and our clients, who are seeking cloud-based technology. The partnership will help us fulfil our strategy of expanding into the asset servicing industry, as we will have a leading collateral management solution to offer. We also see long-term potential of working with Lombard Risk on other service areas, such as regulatory reporting.”
