1 Nov 2017 07:00
1 November 2017
Lombard Risk Management plc
("Lombard Risk" or the "Company")
Lombard Risk provides AgileREPORTER to OneSavings Bank helping to streamline regulatory reporting, data management and analytics
Lombard Risk Management plc (AIM: LRM), the global dedicated provider of integrated regulatory reporting and collateral management solutions, is supplying its flagship regulatory reporting platform, AgileREPORTER, to OneSavings Bank.
As a relatively new entrant and fast-growing player in the UK banking sector, OneSavings Bank has invested in building a highly efficient compliance operation and approach that is not constrained by some of the legacy systems and processes that other financial services providers have to contend with.
The challenger bank has taken a 10-year licence for AgileREPORTER to enable it to deliver against its regulatory reporting strategy. 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 PRA, FCA, BofE and EBA reporting requirements using Lombard Risk's end-to-end reporting solution.
Cameron Joe, Head of Regulatory Reporting at OneSavings Bank explained: "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. 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."
James Phillips, Head of Regulatory Strategy at Lombard Risk said: "We are delighted that OneSavings Bank has chosen Lombard Risk as its partner. We've 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. We look forward to a long and successful partnership, as we continue to deliver the technical excellence and comprehensive regulatory coverage needed to help the bank succeed with the highest level of confidence and control."
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For further information, please contact:
Lombard Risk Management plc Tel: 020 7593 6700
Alastair Brown, CEO
Nigel Gurney, CFO
finnCap Tel: 020 7220 0500
Stuart Andrews
Carl Holmes
Scott Mathieson
WG Partners LLP (Joint Broker) Tel: 020 3705 9330
David Wilson
Claes Spång
Chris Lee
Newgate Communications Tel: 020 7653 6550
Bob Huxford Email: lombard@newgatecomms.com
Charlotte Coulson
James Ash
About Lombard Risk
Lombard Risk is the leading dedicated global provider of regulatory reporting and collateral management solutions to the financial services industry. Through intelligent automation and optimisation, Lombard Risk's clients are able to improve their approach to risk management, gaining the agility they need to have a competitive advantage. As well as bringing immediate and urgent solutions to clients' needs, Lombard Risk's global team of experts look beyond today's reporting and collateral management to develop technology solutions that help them adapt as industry challenges evolve.
Counting 30 of the world's "Top 50"' financial institutions among its clients, Lombard Risk has been a trusted partner for 28 years. Founded in 1989 and headquartered in London, it has offices in Europe (Birmingham and Frankfurt), New York and Asia Pacific (Hong Kong, Shanghai and Singapore), and representative offices in Atlanta, Cape Town, Sydney and Tokyo. Find out more at lombardrisk.com.