Head office: Lombard Risk, 7th Floor, 60 Gracechurch Street, London EC3V 0HR, UK Tel: +44 (0) 20 7593 6700 Other offices: Frankfurt (Germany); Cape Town, Sydney (Australia); Birmingham Technology Centre; Hong Kong; Atlanta,New York (US), Shanghai (China), Singapore, Tokyo (Japan) Website:
www.lombardrisk.com Twitter: @LombardRiskM Contact:
info@lombardrisk.com Founded: 1989 Ownership: Listed Number of staff: 340+
Financials
Lombard’s financial results for the year-ended 31st March 2017 showed revenues of £34.3 million (£23.7 million in the previous year), registering a significant growth of 44.8% YoY and a 21.9% compound annual revenue growth from the previous five years. While the company witnessed a pre-tax loss of £1.6 million, it was lower compared to 2016’s figure (£2.2 million). Lombard attributed this loss to its investment in products and the launch of its new technology centre in Birmingham. In the recent years, the company has invested notably in the development of its products and related strategy, as was seen in the launch of the new cloud-based collateral management product AgileCOLLATERAL, the launch of its new technology development centre in Birmingham and alliance partnerships with a number of key partners for sales, implementation, and support activities. As per company statements, 2018 will continue to reflect these efforts in terms of higher revenue.
Products
Lombard Risk offered a range of solutions, namely REG- Reporter, LISA, Reporter (which are housed in the Regulatory Compliance section), and COLLINE (still existent), Firmament, Oberon and Reform (in the Risk Management division). Today, the company has two main products for collateral management i.e. COLLINE and AgileCOLLATERAL and one product for regulatory reporting i.e. AgileREPORTER which is a result of the merging of its older products. REG-Reporter was a regulatory reporting solution for the
US market. It was purchased in late 2011 from Sofgen, which had purchased it from Idom Inc two years before. The product had around 70 users at this time, all in the US and mainly the international operations of non-US banks. It now resides with Lombard Risk’s own regulatory reporting offering, Reporter (see below), and eventually the two products were meant to be brought together, according to Vinnie Raniere, one of the founders of Idom Inc, who became MD and regulatory head for the Americas at Lombard Risk. It was also expected there would be cross-selling opportunities, such as where REG- Reporter clients have reporting needs elsewhere in the world. LISA was a liquidity and financial risk reporting solution used for stress testing, liquidity analysis and financial
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management reporting. Its interface should provide the ability to link with any regulatory reporting system. Benefits offered by LISA include improved executive oversight and governance through integrated liquidity risk analysis; enhanced liquidity analysis, stress testing and scenario testing through the modelling of the impact of various mitigating strategies; improved control of liquidity by putting key trend information and liquidity ratio outputs in the hands of executives; and regulatory readiness. Reporter was intended to automate the entire regulatory
reporting process and facilitate any adaptation to regulatory changes. It had full support for capital adequacy (Basel II), large exposures, and balance sheet and other statistical analysis, and is designed to reduce operational risk and improve management information. A Reporting Suite offering, using the same database, provides MIS reporting as well as regulatory reporting. While still available, Lombard no longer pushes Detector, a workflow control system for compliance departments for due diligence and transaction monitoring for KYC support and anti-money laundering requirements. Features include suspicious activity monitoring; OFAC and other sanction list processing; KYC; customer database scanning; payment monitoring; and legal investigations. Lombard Risk also has a trade processing platform,
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company details
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