Lombard Risk signs major global bank through Oracle deal

Collateral management and regulatory reporting solutions provider Lombard Risk Management announced on Thursday that it has signed a deal with a “Global Systemically Important Bank” for its flagship regulatory reporting solution.

The AIM-traded firm said the win was the first to be secured by the company with such a bank following the agreement with Oracle America, announced on 18 March.

Its board said the deal demonstrates the potential opportunities available to the company from the partnership with Oracle, in which Oracle is licensed to sell AgileReporter for OFSAA and regulatory reporting templates to integrate with its Oracle Financial Services Data Foundation.

“We are delighted that AgileReporter for OFSAA has been chosen by a Global Systemically Important Bank,” said Lombard Risk CEO Alastair Brown.

“This new client win is a significant endorsement of both AgileReporter for OFSAA and our relationship with Oracle and makes an exciting addition to our client portfolio, underlining Lombard Risk's position as a leading provider of collateral management and regulatory reporting solutions.”