Lombard Risk Management, a provider of integrated regulatory reporting, compliance and collateral management solutions for the financial firms, has introduced a new next generation agile solution for regulatory reporting.
Called AgileREPORTER, the new tool will sit within Lombard Risk’s suite of solutions and will ultimately incorporate its existing range of regulatory reporting products.
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Using the solution, financial institutions can remodel the way they meet complex regulatory reporting requirements by eliminating manual processes and generating added value out of reporting data.
AgileREPORTER has been designed to target large 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.
The solution will also enhance straight through processing by automation and providing full data lineage to track reported numbers back to source data.
The tool will also create additional value by going beyond simple data reporting to give firms easy access to data which can be used within their control functions and by business lines to manage the key factors that comprise the regulatory ratios.
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By GlobalDataThe new offering features distributed web experience and an enhanced user interface.
Meantime, the company has also unveiled its new global identity and launched its new website.
Lombard Risk CEO Alastair Brown said: "We are 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 report to source data.
"We are also pleased to announce our rebranding and the launch of our new website. Lombard Risk gives clients the agility they need to gain advantage through intelligent automation and optimisation."
