VERMEG NEWS

13th March 2018

Lombard Risk shortlisted for Best Collateral Management Solution & Best RegTech Solution in 2018 FTF News Awards

Lombard Risk, a Vermeg company, is proud to announce that it has been shortlisted for the 2018 FTF News Technology Innovation Awards in two categories: Best Collateral Management Solution and Best RegTech Solution.

Financial Technologies Forum (FTF) is a leading provider of news and executive-level events focused on trends and initiatives around financial services and technology. Their global audience consists of senior level technology and IT professionals from over 30 countries, with an online newsletter FTF News, offering an interactive community where readers can find original editorial content, daily news, in-depth analysis and industry research on IT and technology issues.

26th February 2018

Vermeg Acquires Lombard Risk To Create Global Financial Software Leader

Vermeg, a European banking and insurance software solutions leader, has acquired Lombard Risk, the leading global provider of integrated regulatory reporting and collateral management solutions.

This move is a key milestone in Vermeg’s ambitious strategy to create a leading force in financial services solutions, via a powerful combination of organic and external growth. Lombard Risk will rapidly expand Vermeg Group’s geographical footprint and product lines into fast growing areas including collateral management and regulatory risk solutions.
Vermeg has offices in France, Belgium, Luxembourg, Spain, the Netherlands and Tunisia, and annual revenues of €54 million. This acquisition increases Vermeg’s key business lines and adds collateral management operations, regulatory reporting and compliance products for banks and buy-side firms to its 150-strong customer base of insurers, institutional investors, asset managers, depositories and central banks.

19th January 2018

Video highlights of the FCA/Bank of England TechSprint on Model Driven Machine Readable Regulation

In November/December 2017, Lombard Risk participated in the Financial Conduct Authority (FCA) and Bank of England (BoE) two week TechSprint to explore the potential for model-driven machine readable regulation. The TechSprint was the first stage of a programme of work designed to bring start-ups, regulated firms, technology providers and academics together to discuss and design technological solutions to this challenge.

This highly anticipated video features the remarkable collaboration across the financial and regulatory ecosystem participants to work toward a true machine executable regulatory environment. At the 35 second mark you can see the celebration featuring our Head of Technical Architecture – Malcolm Arnold as the challenge to ingest a rule, make it machine readable, change the rule and have it flow all the way through is successful!

19th January 2018

TD Securities, a Lombard Risk Client, Wins Best Risk Management Initiative in the 2017 American Financial Technology Awards

We are delighted to wish TD Securities hearty congratulations for taking home the award for its collateral management and optimization service platform, built on Lombard Risk’s COLLINE. “Looking at it strategically, what are the other roles that we’re going to see being plagued by collateral management and margining going forward? You start looking at things like cheapest-to-deliver, cheapest-to-post, optimization, and the cost of funding. When we started seeing all of these other requirements and areas of concern, we realized that we had to build a strategic system to not only meet the regulation, but to really enable us to move forward.” says Stephen Neal, a director at TD Securities.

20th November 2017

Lombard Risk joins the Financial Conduct Authority and the Bank of England TechSprint on Model Driven Machine Readable Regulation

Lombard Risk Management plc is pleased to announce that commencing today it is participating in the Financial Conduct Authority (FCA) and Bank of England (BoE) two week TechSprint to explore the potential for model-driven machine readable regulation. The TechSprint is the first stage of a programme of work designed to bring start-ups, regulated firms, technology providers and academics together to discuss and design technological solutions to this challenge.