New solution from NTT DATA and Lombard 21 October 2014Boston Reporter: Stephen Durham
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NTT DATA and Lombard Risk Management have joined forces to offer a globally-scalable collateral management solution.
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," said Krishna Prabhu, senior vice president of NTT DATA North America Financial Services.
"The joint solution brings together Lombard Risk's [Colline] with NTT DATA's deep data management expertise and global reach to solve our client's critical business challenges."
Cliff van Tonder, global alliances director at Lombard Risk, commented: "Collateral management represents a rapidly evolving opportunity to deliver value to the business and address a frequent source of operational pain."
"Our partnership with NTT DATA delivers one of the most powerful relationships in the collateral risk and regulatory software arena today."
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