A major North American banking clients, a multi-national financial services firm, has gone live with Lombard Risk Management’s next generation regulatory reporting platform solution.
The solution will enable automation of the bank’s US Federal and Treasury reporting, as well as the Reserve Bank of India reporting requirements.
Using this risk solution, the bank will be able to reduce complexity, cost and time.
The platform will also allow the bank to now automate the end-to-end reporting process to the regulators, from data input and aggregation, through to submission in multiple global jurisdictions.
Lombard Risk CEO Alastair Brown said: "This represents a significant proof-point of our strategy to help financial services firms become more agile and address increasingly complex regulatory demands."