LONDON (Alliance News) - Lombard Risk Management PLC on Monday said it has launched AgileREPORTER, its new service for regulatory reporting.
AgileREPORTER helps financial institutions to remodel how they meet complex regulatory reporting requirements by eliminating manual processes and generating added-value out of reporting data, Lombard said.
It is particularly suited to large firms with complex, multi-jurisdictional reporting, as it simplifies data acquisition, compilation and computation for efficient reporting with minimised cost, maximum speed and the reduced risk of human error, Lombard added.
"AgileREPORTER improves straight through processing by automation and provides full data lineage to track reported numbers back to source data. By not having to reformat source data, time and cost is saved and numbers can be easily validated. AgileREPORTER generates additional value by going beyond simple data reporting to give firms easy access to data which can be used within their control functions and by business lines to manage the key factors that comprise the regulatory ratios," the company said.
Lombard added that it has rebranded and launched a new website.
Shares in Lombard were untraded on Monday, last quoted at 11.10 pence.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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