Lombard Risk Highlighted as "Significant Riser" in RiskTech100 2011 Chartis Report
London - 15 November 2011
- A jump of 15 places in Chartis report
- "leading the supplier table" in Association of Foreign Banks MIS survey
- 10% increase in revenue published in interim report
Lombard Risk Management plc (LSE: LRM) ("Lombard Risk"), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, acknowledged by analyst and industry body surveys - and growth reflected in firm's interim reports.
Two key market-recognised annual surveys - Chartis and AFB - acknowledged Lombard Risk's significant role in providing financial institutions around the world with integrated risk and regulatory solutions: COLLINE collateral management, LISA liquidity analysis, REPORTER and MIS regulatory and management information.
Chartis Research's RiskTech100 2011 report, a comprehensive annual study of the top global technology firms active in risk management, describes Lombard Risk as a "significant riser" as it moves 15 places up from last year. Register for the full report from Chartis.
This follows a report from the Association of Foreign Banks (AFB) Management Information Systems (MIS) survey which placed Lombard Risk at the top of the supplier table for regulatory reporting systems. Download the full report online / read press release.
Lombard Risk attributes this rise to the firm's steady organic growth, with its integrated risk and regulatory product range being key contributors. John Wisbey, Chief Executive Officer, explains: "Lombard Risk has achieved this rise in ratings purely through organic growth, whereas several other vendors have seen their ratings rise only due to acquisitions which will inevitably take time to integrate.
We have remained very focused through the year and have benefited from our ability to expand our global operations and launch new integrated and web-enabled risk and regulatory product offerings. This positions us well for the changes that are happening in the market driven in many cases by regulatory change in the US, Europe and other parts of the world."
The financial market is still unsettled and faced with more risk management and regulatory compliance challenges ahead, which require good technology despite pressure on overall budgets. Lombard Risk has seen considerable growth and expansion, providing systems to global financial institutions for collateral management, liquidity analysis, regulatory and MIS reporting. Lombard Risk's integrated, web-based product suite was announced in August 2011 and significant sales of both risk and regulatory solutions have resulted in positive interim results. Interim reports available online.