Lombard Risk’s flagship cloud-based collateral management solution Colline will be introduced to the German market in early 2017.
The launch is being assisted by a new partnership with Atos, a digital services provider with an established German client base with collateral management needs.
Colline will be implemented across the Atos infrastructure and promises to help Atos’s clients to move away from managing collateral in business line silos by supporting multiple asset types on a single platform.
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. 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 for Atos Germany, added: “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.”
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