Lombard Risk teams up with GFT for cloud collateral

GFT will support the next stage of Lombard Risk’s strategy of delivering its collateral management software in the cloud.
By Paul Walsh
GFT, advisory, business consulting IT and software provider has revealed plans to collaborate with collateral management provider Lombard Risk.

Lombard Risk is extending its collateral offering as a software as a service (SaaS) model in order to support the next stage of its growth strategy.

This SasS collateral venture permits a new client base to benefit from the capabilities currently provided to the tier one banks. The new system will be accessed via the cloud though a new user centric interface.

The initial engagement with GFT has been to design and develop the new user interface and to integrate this with the core platform.

“Traditionally GFT works across the investment, retail and wealth management areas of many of the leading global banks, this latest appointment by Lombard Risk is a testament to their faith in our financial markets expertise and our international team of specialists being able to deliver a strategic project with challenging timelines,” said Gareth Richardson, managing director at GFT.

Headquartered in London, Lombard Risk, provides collateral management services to clients in more than 35 countries.
The GFT team is working alongside key client stakeholders at Lombard Risk to identify tactical and strategic functionality for the new client base.

“GFT’s expertise and broad experience in this area helps to ensure that our world class SaaS solution delivers a number of advantages for Lombard Risk’s clients, including: ease of use, intuitive usability and greater efficiencies across our client’s collateral operations,” said Alastair Brown, CEO at Lombard Risk.

“We look forward to continuing to work with GFT on this exciting initiative in order to deliver greater value for our clients.”