London Bridge buys stake in Amelia Financial Systems

Amelia said London Bridge Software is likely to become a distributor of OR2Q, the company’s Web-based operational risk management software, by the end of October.

Gordon Crawford, chairman of London Bridge Software, said its customers viewed op risk as an important area to manage. “We expect to see significant synergies in what we believe to be one of the fastest growing areas in the banking software sector since the release of the Basel II consultative document,” said Crawford.

London Bridge was founded in 1987, and has more than 1,000 customers worldwide typically using its credit risk management, customer relationship management and core banking systems software and services. UK clients include Lloyds TSB and insurance company Royal and Sun Alliance.

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At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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