Lombard Risk Management has announced that a large Japanese bank has switched from rFrame to Lombard Risk’s REPORTER service for Bank of England regulatory reporting and compliance.
REPORTER is an end-to-end regulatory reporting solution for global financial services for Bank of England reporting and for the European Banking Authority common reporting in the UK.
John Wisbey, CEO of Lombard Risk, said: “Following a series of tactical mergers and acquisitions by software companies to acquire market share, we have seen an influx of new business as clients that are faced with changing to the acquirer’s software platform take the opportunity to re-evaluate the market.”
“When faced with switching reporting systems, it’s an opportunity for firms to see what’s new on the market, and we have seen a consistent flow of financial institutions electing to move to our REPORTER.”
Rob Markham, head of regulatory sales, Europe, Middle East and Africa for Lombard Risk, added: “We are delighted to welcome this prestigious Japanese bank and others to our growing client community, and thank them for selecting REPORTER.”
“Lombard Risk clients benefit from our unparalleled 25 years [of] experience in the risk and regulatory compliance field, and a particularly flexible product deployment approach that enables our solution to fit around clients’ existing infrastructures, rather than enforcing a prescriptive system that will, over time, complicate the reporting processes.”
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