New collateral contract wins for Lombard Risk

New collateral contract wins for Lombard Risk

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Two major North American banks have chosen Lombard Risk Management’s collateral management, clearing, inventory management and optimisation solution Colline.

The tool enables firms to move away from managing collateral in business line silos by supporting multiple asset types on a single, web-based platform.

No further details were released by the company.

"We are delighted to be working with these firms on delivering a collateral management solution that reduces costs and improves operational efficiency," said John Groetch, the firm's managing director, Americas.

In a note to clients, finnCap analyst Lorne Daniel said that banking industry regulation and compliance will become much more complicated in the post-Brexit world and reckons Lombard’s systems will see increasing demand because of that.

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