Marfin Popular Bank Implements Lombard Risk Solution
Cyprus’ Marfin Popular Bank has selected Lombard Risk’s group liquidity management solution, (STB-)Reporter. Lombard Risk is a provider of integrated collateral management and liquidity and regulatory reporting solutions for the financial services industry.
Marfin Popular Bank will be using the solution to take data from the in-house data warehouse and a plethora of disparate data systems in the branches to calculate and automate the completion and submission of both the Bank of England (BoE) and Financial Services Authority (FSA) statistical and liquidity reports in three branches respectively.
Annita Philippidou, group chief financial officer (CFO) at Marfin Popular Bank, said: “Cyprus has built a solid reputation as an international business centre over the years, and now more and more international investors are selecting Cyprus as their business base. We selected Lombard Risk’s solution to meet our regulatory compliance obligations here, and in other branches.”