Lombard Risk Management PLC Partnership with Atos

TIDMLRM

Lombard Risk Management PLC

08 December 2016

8 December 2016

Lombard Risk Management plc

("Lombard Risk" or the "Company")

Lombard Risk announces partnership with Atos to deliver collateral management solution to German market

Lombard Risk Management plc (LSE:LRM), a leading provider of integrated collateral management and regulatory reporting solutions for the financial services industry, has signed a co-operation agreement with Atos, an international leader in digital services, to facilitate the delivery of Lombard Risk's award-winning collateral solution, COLLINE(R), to the German market from early 2017.

Atos has an established client network across Germany, including major corporates across the manufacturing, banking and financial services, energy, insurance and public sectors; all of which need collateral management solutions.

As COLLINE(R) is available as a cloud-based collateral management solution, it can be seamlessly implemented across the Atos infrastructure. COLLINE(R) enables clients to move away from managing collateral in business line silos by supporting multiple asset types on a single, web-based platform. By providing a single platform, COLLINE(R) also delivers more efficient collateral optimisation, and provides users with the capability to manage liquidity and trading book capital.

With an integrated, tool-based approach, Atos transforms and manages technology applications, assisting businesses with their digital transformation. Atos has strong partnerships with companies providing software application, infrastructure and consulting, and will deliver Lombard Risk's COLLINE(R) as an integral part of the services for its client base.

Tina Wilkinson, Global Head of Product and Marketing, 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' 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 Atos Germany, said:

"Lombard Risk is an expert in providing cloud-based collateral management solutions and we see clear synergies for us and our clients, who are seeking cloud-based technology. 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."

For further information please contact:

 
 Lombard Risk Management plc       Tel: 020 7593 
  Alastair Brown, CEO               6700 
  Nigel Gurney, CFO 
 finnCap                           Tel: 020 7220 
  Stuart Andrews                    0500 
  Carl Holmes 
  Scott Mathieson 
 
  WG Partners LLP (Joint Broker) 
  David Wilson                      Tel: 020 3705 
  Claes Spång                  9330 
  Chris Lee 
 Newgate                           Tel: 020 7680 
  Bob Huxford                       6550 
  Charlotte Coulson 
  Adam Lloyd

About Lombard Risk

Lombard Risk is a leading 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 over 30 of the world's 'Top 50' financial institutions among its clients, Lombard Risk has been a trusted partner for 27 years. Founded in 1989 and headquartered in London, it has offices in New York and Asia Pacific (Hong Kong, Shanghai, Singapore and Tokyo), and service centres in Germany, Atlanta, Cape Town and Miami. Find out more at lombardrisk.com

About Atos

Atos SE (Societas Europaea) is a leader in digital services with pro forma annual revenue of circa EUR 12 billion and circa 100,000 employees in 72 countries. Serving a global client base, the Group provides Consulting & Systems Integration services, Managed Services & BPO, Cloud operations, Big Data & Cybersecurity solutions, as well as transactional services through Worldline, the European leader in the payments and transactional services industry. With its deep technology expertise and industry knowledge, the Group works with clients across different business sectors: Defense, Financial Services, Health, Manufacturing, Media, Utilities, Public sector, Retail, Telecommunications, and Transportation.

Atos is focused on business technology that powers progress and helps organizations to create their firm of the future. The Group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and is listed on the Euronext Paris market. Atos operates under the brands Atos, Atos Consulting, Atos Worldgrid, Bull, Canopy, Unify and Worldline.

For more information, visit: atos.net.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 08, 2016 02:57 ET (07:57 GMT)

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