25th Feb 2016 09:59
LONDON (Alliance News) - Lombard Risk Management PLC on Thursday said an unnamed major North American banking client has successfully gone live with Lombard's next generation regulatory reporting platform service.
The service enables automation of the bank's US Federal and Treasury reporting, as well as the Reserve Bank of India reporting requirements, Lombard said.
"This represents a significant proof-point of our strategy to help financial services firms become more agile and address increasingly complex regulatory demands," Chief Executive Alastair Brown said in a statement.
Shares in Lombard were trading up 2.9% at 11.70 pence on Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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