Lombard and Atos in German collateral offering deal

Lombard Risk Management has signed a co-operation agreement with digital services provider Atos, to facilitate the delivery of Lombard Risk’s collateral offering Colline to the German market from early 2017.

As Colline is available as a cloud-based collateral management offering, it can be implemented across the Atos infrastructure. It enables clients to move away from managing collateral in silo by supporting multiple asset types on a single, web-based platform.

By providing a single platform, Colline also aims to provide more efficient collateral optimisation, and provides users with the capability to manage liquidity and trading book capital.

“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,” said Tina Wilkinson, global head of product and marketing at Lombard Risk.

“They need to be more nimble in response to the changing regulatory environment, but the complexities of implementing new technology are vast. This partnership enables us to harness the reach of Atos’s client network and expertise in digital transformation.”

“Lombard Risk is an expert in providing cloud-based collateral management solutions and we see clear synergies for us and our clients, who are seeking cloud-based technology. The partnership will help us fulfill our strategy of expanding into the asset servicing industry,” said Markus Schwind, head of sales for Atos Germany.