Lombard Risk Management, a provider of integrated collateral management and regulatory reporting solutions for the financial services industry, has announced a tie up with Atos, a digital services provider, to facilitate the delivery of its collateral solution, COLLINE, to the German market commencing early 2017.
Atos’ client network across Germany includes major corporations in the banking and financial services sector which have a requirement for collateral management solutions.
Cloud-Based Collateral Management Solution
COLLINE is available as a cloud-based collateral management solution which allows it to 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.
ATFX Thanks NHS Frontline Workers with 1k Fruit Boxes DonationGo to article >>
Lombard Risk is an expert in providing cloud-based collateral management solutions.
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 and will deliver Lombard Risk’s COLLINE as an integral part of the services for its client base.
Commenting on the partnership, Tina Wilkinson, Global Head of Product and Marketing at 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. This partnership enables us to harness the reach of Atos’s client network and expertise in digital transformation.”
Markus Schwind, Head of Sales Atos Germany, added: “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.”