Genpact and Lombard Partner for Collateral Management Solution

Genpact and Lombard Risk Management have partnered to integrate their collateral management solutions as well as launch a joint business processing outsourcing (BPO) service for collateral management.

The collaboration includes Genpact integrating its Collateral Agreement and Reference Data Services (CARDS) with Lombard Risk’s COLLINE collateral, clearing, inventory management and optimization solution. The resulting solution “will enable both buy- and sell-side firms to automatically digitize and capture the terms and conditions of various collateral agreements across asset classes, counterparties, and business silos,” say the companies, “resulting in a margin and collateral rulebook by counterparty.”

“Lombard Risk brings its valuable COLLINE solution used by a number of financial institutions, which addresses the real-time enterprise view of inventory,” says Monty Singh, senior vice president and business leader, Capital Markets and IT Services, Genpact. “When combined with Genpact’s services delivery capabilities and CARDS platform which seamlessly manages collateral relationship, we are filling a huge gap in the market by enabling true collateralization. This service helps firms advancing their operating models and making operations more intelligent—able to capture data, execute transactions and provide visibility faster and more time effectively—thereby enabling companies to better sense, react, and continuously learn from their activities in the market.”

The BPO service includes processes such as setup and management of agreements, integrating and verifying positions and inventory, monitoring of margin calls extending from issuance to settlement, and supported by aging analysis, dispute resolution, and failed settlement and customized reporting. Plus, the service will include optimization and inventory management.