VERMEG, the banking and insurance software solutions leader, has announced strong progress following its acquisition of Lombard Risk, with its Regulatory business signing more than 30 new customers in 2018. VERMEG now has over 300 regulatory reporting customers, underlying its leading position in the market and making 2018 a record year for the business. Lombard […]
VERMEG NEWS
27th September 2018
Lombard Risk is renamed under VERMEG brand, creating a new leader in Software Solutions for Financial Services
Lombard Risk, the global provider of integrated regulatory reporting and collateral management solutions, will re-brand as VERMEG, six months after it was acquired by the European banking and insurance software solutions leader, VERMEG. This completes a crucial step in VERMEG’s ambition to form a leading force in financial services software solutions.
Lombard Risk will transition to the VERMEG brand in all countries where it operates from October 1st 2018 and will introduce new product enhancements and increased research and development as part of the acquisition.
18th September 2018
Lombard Risk, a Vermeg Company, Announces Support of Resolution Planning Reporting and the latest Bank of England Updates
The Bank Recovery and Resolution Directive (BRRD) has been in effect for some time but this will now be accompanied by reporting obligations to both EBA and PRA. EBA ‘Z’ templates – applicable to all current BRRD firms – and PRA MRL templates – applicable by notification from the Regulator – are both effective as […]
5th September 2018
Early Support of PRA 110 for Regulatory Reporting Clients
Lombard Risk’s clients who have been impacted by this request are able to meet this commitment as a result of the early provision of a PRA 110 solution.
The PRA110 involves the measurement of a number of areas of liquidity risk additional to those currently captured such as Low Point Risk, HQLA Monetisation Risk etc. This will in turn involve implications for data collected and reported. For example, Retail Deposits split by more granular criteria, Retail Inflows split by Principal and Interest and greater off-balance sheet coverage of contingency items.
Lombard Risk also announced that, in addition to the fully automated, end-to-end solution, they would offer the PRA 110 on their Cloud platform for clients who required tactical assistance in this area as well as firms who were not currently regulatory clients. This will allow firms instant access to the templates together with associated validations and XBRL formatting. Lombard Risk will also make available the Review Workflow and Analytics capabilities of its AgileREPORTER platform as part of this cloud offering.
12th July 2018
Cipav chooses Vermeg’s Soliam©solution for its new integrated financial investment management and control platform
As part of the modernization of its IT systems and the continuous improvement of its organization and internal processes, Cipav has – following a call for tenders – chosen the Soliam© software package developed by Vermeg as the internal and transactional management solution across the whole value chain of its financial investments.
There are several reasons why Cipav was looking for a management solution: firstly, to improve the transaction logging processes between the different teams of Cipav, ranging from the finance department to the accounting agency, from internal partners to external service providers; secondly, to further develop the portfolio analysis criteria based on the aspects connected with both performance and risks. All those requirements need to be managed on a single adaptable and hosted platform.
The Soliam© software meets all those requirements with its integrated front-to-back and SaaS solution, while at the same time offering additional features for analysis and monitoring of Cipav’s investments.
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