VERMEG NEWS

20th June 2018

Leeds Building Society Selects Lombard Risk AgileREPORTER for Regulatory Reporting

Lombard Risk, a Vermeg company, the leading dedicated global provider of regulatory reporting and collateral management solutions announces that Leeds Building Society has signed a multi-year licence for Lombard Risk’s flagship regulatory reporting platform, AgileREPORTER.

Leeds Building Society is the fifth largest building society in the UK with assets of £18.5bn. It has a large finance function requiring strong workflow, robust governance and an intelligent regulatory reporting solution which gives the finance team control over the entire reporting process.

5th June 2018

Clearstream and Lombard Risk Enhance Triparty Connectivity ahead of Initial Margin Requirements Phase 3 and beyond

Lombard Risk, a Vermeg company and global dedicated provider of collateral management and integrated regulatory reporting solutions, is enhancing its capabilities across triparty agents through a new partnership with international central securities depository and settlement and custody firm Clearstream. This cooperation comes ahead of the regulatory deadline for Initial Margin requirements Phase 3 under the European Market Infrastructure Regulation (EMIR) in September and other jurisdictions.

20th March 2018

KRIS: The next-generation, end-to-end integrated regulatory solution to help financial institutions automate while meeting their reporting obligations

KPMG in Singapore and Lombard Risk, the dedicated global provider of regulatory reporting and collateral management solutions, have today announced the launch of the KPMG Regulatory Integrated Solution (KRIS) through a strategic alliance, to help financial institutions automate and fulfil mandatory regulatory reporting obligations in an agile, accurate and cost-efficient manner.

KRIS is a cloud-based regulatory technology (RegTech) offering between the two organizations, powered by Lombard Risk AgileREPORTER®, the strategic regulatory reporting solution trusted by over 200 financial institutions globally. KRIS is designed for banks seeking an end-to-end reporting solution which can help save as much as 50% of their time in complying with the relevant regulatory returns prescribed by the Monetary Authority of Singapore (MAS), including the new MAS Notices 610/1003 (“Notices”). The Notices mandate banks to collect, prepare and report significant amounts of data, which put a further burden on banks’ resources and budgets.

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.