Lombard Risk Management Share News (LRM)

(ShareCast News) - Integrated collateral management, regulatory compliance and reporting solutions provider Lombard Risk announced on Thursday that it has been appointed by two major unnamed banking firms in North America to supply its COLLINE solution.The AIM-traded firm said COLLINE was chosen for its ability to deliver agile and adaptable solutions in a highly complex organisation."Our ability to deliver agile solutions to banks with complex requirements has enabled us to secure the business of another two prestigious financial institutions in North America," said Lombard Risk chief executive Alastair Brown."These wins further cement Lombard Risk's position as a leading provider of collateral management solutions to the North American financial services market."Managing director of the company's Americas division, John Groetch, said they are delighted to be working with the firms on delivering a collateral management solution to reduce costs and improve operational efficiency."By working closely with our clients we develop a deep understanding of their specific needs so we can deliver competitive advantage through bespoke and agile solutions."