Lombard Risk Management, a provider of collateral management and regulatory reporting solutions for the financial services industry, has launched AgileREPORTER, its next generation agile solution for regulatory reporting. In tandem, the business has also unveiled its new global identity and the unveiling of a new corporate website.
AgileREPORTER sits within Lombard Risk’s current suite of solutions and will ultimately incorporate its existing range of regulatory reporting products. AgileREPORTER paves the way for financial institutions to remodel how they meet complex regulatory reporting requirements by eliminating manual processes and generating added value from reporting data.
Global institutions face rising costs from the increasing reporting demands of multiple regulators. Handled within operational silos with manual, duplicative processes, regulatory reporting is expensive and time-consuming. AgileREPORTER turns this around by integrating regulatory reporting into the organisation.
The solution is particularly suited to larger firms with complex, multi-jurisdictional reporting as it simplifies data acquisition, compilation and computation for efficient reporting with minimised cost, maximum speed and the reduced risk of human error.
Full data lineage
AgileREPORTER improves straight through processing by automation and provides full data lineage to track reported numbers back to source data. By not having to reformat source data, time and cost is saved and numbers can be easily validated.
AgileREPORTER generates additional value by going beyond simple data reporting to give firms easy access to data which can then be used within their control functions and by business lines to manage the key factors that comprise the regulatory ratios.
Among the new features introduced with AgileREPORTER are a distributed web experience and an enhanced user interface.
Alastair Brown, Lombard Risk’s CEO, informed Risk UK: “We’re delighted to be launching our AgileREPORTER solution, which will enable financial institutions to think beyond simply gathering and submitting data to meet reporting demands. Firms need a single solution that automates data collation, takes care of report generation for all relevant regulatory bodies and provides a clear line of sight from the report to the source data itself. Companies can then refocus on the critical goal of regulation which is to use these measures to provide improved insight into, and oversight of the key challenges and risks confronting them.”
Brown added: “We’re also pleased to announce our rebranding and the launch of our new website. Lombard Risk Management gives clients the agility they need to gain advantage through intelligent automation and optimisation. We always look beyond today’s demands to keep our clients ahead of the market, and our new identity sums up these aims and the value Lombard Risk Management delivers.”
About Lombard Risk
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 Management was founded in 1989 and is headquartered in London with offices in New York and Asia Pacific (Hong Kong, Shanghai, Singapore and Tokyo), as well as service centres in Atlanta, Cape Town and Miami.