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Lombard Risk's contract win helps to underpin full-year expectations

Lombard Risk needs to shoot the lights out in the second half of its financial year to meet full-year targets but it has made an excellent start

Financial regulation
"Lombard Risk offered the best solution to fully streamline our regulatory reporting," said OneSavings Bank's Cameron Joe

Lombard Risk Management plc (LON:LRM) said challenger bank OneSavings Bank PLC (LON:OSB) has signed up to take its AgileREPORTER service for 10 years.

The provider of integrated regulatory reporting and collateral management solutions is supplying its flagship regulatory reporting platform to enable OneSavings to deliver against its regulatory reporting strategy. 

READ: Lombard Risk Management house broker leaves forecasts unchanged despite "surprisingly challenging" first half

AgileREPORTER allows OneSavings Bank to gather key management information and analytics around trends, variances for audits and approvals, and enables the bank to track and prove its compliance with all relevant banking industry reporting requirements using Lombard Risk's end-to-end reporting solution.

“We looked at a range of different regulatory reporting platforms and Lombard Risk offered the best solution to fully streamline our regulatory reporting and ensure we are on time, regulated, and compliant,” said Cameron Joe, head of Regulatory Reporting at OneSavings Bank.

READ: Lombard Risk Management unlocking revenue

“As a growing FTSE 250-listed bank we wanted to build a scalable, reliable and technology rich foundation that provides the flexibility to adapt and develop as we grow the business and our product offerings," he added.

James Phillips, head of Regulatory Strategy at Lombard Risk said Lombard has been a “RegTech” pioneer for a long time, “and it's rewarding to see forward-looking companies such as OneSavings Bank investing in systems and processes already suited for the further evolution of the reporting industry.”  

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Lombard Risk confident of converting record pipeline of opportunities in...

Lombard Risk Management plc's (LON:LRM) Alastair Brown and Nigel Gurney tell Proactive they'll need to pull out all the stops in the second half to meet full year expectations. With a record pipeline of prospective new business, management is confident that it can make up lost ground...

on 25/10/17

2 min read