25 February 2018
visit www.ebaday.com

Lombard Risk scores collateral contract with ABN Amro

21 December 2009  |  7307 views  |  0 business meeting room

Shares in Lombard Risk Management have moved up after the company reported a contract win for its collateral management software at ABN Amro in the Netherlands.

The Dutch bank will be deploying Lombard's Web-based collateral management system Colline. The application runs securely within a Web browser without requiring any desktop software.

The London-based vendor says the contract was agreed after a thorough period of testing, during which the software was pitched against competing offerings, including the system that had been used by the bank historically.

John Wisbey, CEO of Lombard Risk says: "This follows on from a major contract announced in April 2009 with a top Tier 1 European bank, and other deals concluded during the year with good names such as National Bank of Greece, Loomis Sayles and Pacific Life. We are confident that we will be able to update shareholders on further new business wins shortly."

Shares in the vendor gained 1.5 pence on the news, a 37.5% rise from the opening price of 4.75 pence.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Related company news


Related company information

ABN Amro

Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsvisit www.ebaday.comvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12160 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10494 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8884 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8331 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7947 views comments | 10 tweets | 14 linkedin

Featured job

Germany, Austria or Switzerland

Find your next job