Lombard Risk launches new reporting product, branding

7th Mar 2016 15:33

(ShareCast News) - Things were all brand new at Lombard Risk on Monday, as the company unveiled a new product allowing organisations to streamline their regulatory reporting, as well as a new-look brand identity.The AIM-traded firm described the AgileREPORTER tool as a next-generation solution for regulatory reporting, and said it sat within Lombard Risk's existing range of regulatory reporting products.Lombard said the product removed the manual processes associated with regulatory reporting, allowing financial institutions to remodel the way they met the complex requirements."We are delighted to be launching our AgileREPORTER solution, which will enable financial institutions to think beyond simply gathering and submitting data to meet reporting demands," chief executive Alastair Brown said."Firms need a single solution that automates data collation, takes care of report generation for all relevant regulatory bodies and provides a clear line of sight from report to source data."Companies can then refocus on the critical goal of regulation which is to utilise these measures to provide improved insight into and oversight of the key challenges and risks confronting them," he explained.At the same time, Lombard Risk unveiled a new brand, which it said reflected its new market position given the launch of the product.