NTT Data and Lombard Risk Management have teamed up to offer a globally-scalable collateral management solution.
Lombard Risk's COLLINE collateral, clearing and optimisation solution combines with NTT Data's knowledge of country-specific regulatory environments, business and operational expertise, and cost-effective global delivery to provide customers with a solution that increases the efficiency of their collateral operations.
While fundamental reform of derivatives and secured lending markets in the aftermath of the 2008 financial crisis has rested on the efficient exchange of collateral as a key to counterparty credit risk mitigation, collateral management represents an ongoing challenge for most Financial Services institutions. By combining Lombard Risk's collateral management solution COLLINE, and NTT Data's blend of critical business and technology expertise, clients are provided with an innovative and cost-effective solution supporting region-specific regulatory requirements, and enabling collateral optimisation across multiple business lines.
Executives from both companies jointly presented at the recent Sibos convention in Boston to showcase the solution, currently being delivered to multi-national clients with operations in global locations. NTT Data offers the solution as part of its risk and compliance solution portfolio.
"Financial service firms continue to balance growing customer expectations with increased regulatory demands," says Krishna Prabhu, senior vice president, NTT Data North America Financial Services. "The joint solution brings together Lombard Risk's sophisticated collateral management solution with NTT Data's deep data management expertise and global reach to solve our client's critical business challenges."
"Collateral management represents a rapidly evolving opportunity to deliver value to the business and address a frequent source of operational pain," says Cliff van Tonder, global alliances director at Lombard Risk. "Our partnership with NTT Data delivers one of the most powerful relationships in the collateral risk and regulatory software arena today."
