Erste Group Bank, one of the largest financial services providers in Central and Eastern Europe, has selected web-based solution Colline from Lombard Risk Management (Lombard Risk), a provider of integrated collateral management, liquidity and regulatory reporting solutions for the financial services industry. The agreement expands Lombard Risk’s growing customer base in Europe, the Middle East and Africa.
Colline, designed for end-to-end, cross-product collateral management, offers a consolidated solution for mitigating credit risk while meeting the growing demand for multiple global entities, cross-product margining, central counterparty clearing, MIS reporting and electronic messaging. The system has been chosen to increase Erste Group’s efficiency and to manage its over-the-counter collateral operations more effectively.
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