Refresh continues at Lombard Risk: new product, brand and website launched
CEO Alastair Brown, Lombard Risk
A long-standing regulatory reporting software vendor, Lombard Risk, is undergoing a shake-up, with new identity, website and product offering unveiled.
This follows on from the recent management overhaul, including the arrival of new CEO, Alastair Brown (he moved from RBS) and new global head of product, Tina Wilkinson (she moved from FIS/Sungard), and the resignation of one of the directors, Nick Davies.
Lombard Risk’s founder and long-term chief executive, John Wisbey, relinquished his executive position last spring but retained his share in the company.
Now the UK-based vendor has brought to market a new reporting platform, AgileReporter. It is Java-based and “has been developed from scratch”, states Brown. The product has been two or so years in the making.
He tells Banking Technology that AgileReporter has been fully piloted across a number of markets prior to its formal launch, “meaning that we have dealt with any early stage development issues already”.
AgileReporter is a new-generation Reporter, Lombard Risk’s existing flagship offering. It “provides a new way of doing regulatory reporting”, Brown states.
It is available as an onsite deployment as well as in the cloud.
“Compared with the existing versions of Reporter, AgileReporter is available as a web deployed product which allows reporting firms to obtain much higher levels of productivity both from the new interface and also from the many new process automation features,” he says.
The existing versions of Reporter are still available, he assures, and will be supported for maintenance for regulatory reporting requirements for those clients that are on it.
Brown feels that the market needs highly flexible software to meet “the really quite complex reporting choreography essential for modern regulatory reporting”. Firms require higher frequency and more granular reporting across multiple jurisdictions, he comments.
“AgileReporter is aimed at the major markets where automated regulatory reporting is required,” Brown says. Hence, the main markets at present are Europe and North America, “and we have delivery commitments in Asia too”.
AgileReporter sits alongside the vendor’s Colline collateral management system. All other reporting products of Lombard Risk, such as REG-Reporter, LISA and the aforementioned Reporter, are unified under the AgileReporter brand.
