About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Broadridge and Lombard Risk Forge Alliance on Collateral Management

Subscribe to our newsletter

Broadridge Financial Solutions and Lombard Risk Management will outline details of their global alliance to develop and deliver collateral management solutions late next month or early May, when the companies plan to announce products and rollout schedules.

The alliance has been established to take Broadridge into the collateral management market by combining Lombard Risk’s Colline collateral, clearing, repo and optimisation technology with Broadridge’s applications and infrastructure. While Broadridge uses a hosted delivery approach for many of its financial services solutions, the company says a range of products and delivery methods will be made available to meet the needs of different users in capital markets.

Michael Hopkins, president of securities processing solutions fixed income and risk at Broadridge, says: “Collateral management is an adjacent segment to what we already offer clients, so it is a natural extension to our product portfolio. Regulatory changes mean market participants are in need of better collateral processing solutions. Because of the growing importance of this segment to our clients, we have formed the partnership with Lombard Risk to provide credible and timely collateral management offerings.”

For Lombard Risk, the alliance endorses its collateral management technologies and greatly increases its access to the North American market. John Wisbey, founder and CEO of Lombard Risk, says: “Our alliance will extend the use of Lombard Risk’s technology and our joint expertise within key markets and segments, particularly in the important North American market.”

The alliance’s first focus will be on products for large broker/dealers, with other products following. Similarly, it will start joint marketing and product roll out in North America, although this may not be exclusive depending on market demand from other regions.

Broadridge considered whether to build collateral management solutions in house, or whether to acquire or partner, opting for a partnership with Lombard Risk on the basis that the firms could combine their capabilities effectively to solve client problems and get to market quickly.

Hopkins explains: “We looked at what the market needs and how to assemble the required capabilities. Lombard Risk and Broadridge are complementary in terms of segments served and expertise on large and complex requirements. We have the processing power and infrastructure, while Lombard Risk has best-of-breed collateral solutions.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Managing unstructured data to ensure regulatory compliance and add value

As unstructured data floods into capital markets in the wake of traditional structured data, firms must manage both data types and ensure ease of access to extract data required for regulatory compliance efficiently and effectively. Beyond compliance, firms can add value to the business by gaining a clear understanding of their unstructured data, integrating the...

BLOG

MCO Closes Acquisition of Schwab Compliance Technologies for Conduct Risk

Dublin-based conduct risk and compliance technology specialist MCO (MyComplianceOffice) has completed its acquisition of Schwab Compliance Technologies (SCT). The purchase – for an undisclosed sum – adds the ability to monitor employees’ trading activities to MCO’s product line and brings its client base to more than 1,300 firms globally. SCT – which started life as Compliance11 Inc....

EVENT

ESG Insight Briefing New York

The briefing will explore challenges around assembling and evaluating ESG data, how to apply new technologies to improve data quality and insight and the impact of regulatory measures on standardisation efforts.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...