Target Operating Model launches tools to make access to solutions easier
10th September 2018 – The London Market Group (LMG) announced the launch of three new tools that will help market users of the London Market Target Operating Model (LM TOM) access solutions more easily and securely exchange all types of data.
Shirine Khoury-Haq, sponsor of the TOM and COO of Lloyd’s said “We know that integrating LMTOM solutions with the IT systems of market firms plays a crucial role in increasing the adoption of different parts of the TOM. This is why the launch of these new tools is a significant step forward and a systemic shift in the way that the London Market accesses, shares and integrates data. By employing the different tools, users can achieve great genuine efficiencies and move closer to straight through processing.”
The three tools going live include:
- Single-Sign On – users will be able to access LM Solutions with a single username and password users, often the same one as they use for their workplace systems.
- API Gateway – an easy way for firms to integrate LM TOM and 3rd party services in their own back office IT systems, helping firms to adopt new solutions quickly and efficiently.
- Secure Data Exchange – allows files of any type up to 1GB in size to be encrypted and sent securely between organisations.
These tools are the first set of Common Services which will be a pre-requisite of use for all new solutions starting with DA SATS in Q3 2018 and for existing LM TOM services thereafter.
For more information please contact:
Caroline Wagstaff, Luther Pendragon | Tel: 020 7618 9158