Lombard Risk Management to expand its cloud-based solutions in Germany

8th Dec 2016 08:42

(ShareCast News) - AIM-listed Lombard Risk Management has partnered with Franco-German digital service provider, Atos to deliver collateral management solutions in Germany from early next year.Atos will use the company's cloud-based management solution, Colline, to customers in the German market, which include clients across manufacturing, banking, financial services, energy and public sectors.Tina Wilkinson, global head of product and marketing at Lombard Risk, said that financial services firms in Germany, like the rest of the world, are under increasing pressure to cut costs while upgrading their legacy systems and ensuring compliance, while they need to be more nimble in response to the changing regulations, implementing new technology is complex."This partnership enables us to harness the reach of Atos' client network and expertise in digital transformation, so we can deliver our industry leading collateral management solution that can be seamlessly integrated, allowing an efficient and cost-effective system upgrade."Markus Schwind, head of sales at Atos Germany, added: "The partnership will help us fulfil our strategy of expanding into the asset servicing industry, as we will have a leading collateral management solution to offer. We also see long-term potential of working with Lombard Risk on other service areas, such as regulatory reporting."Shares in Lombard Risk Management were up 4.29% to 9.12p at 0900 GMT.