LONDON and NEW YORK, NY, Nov 06 (MARKET WIRE) --
FRSGlobal, the only global provider of risk reporting and regulatory
reporting compliance solutions on a unified platform with coverage for
over 40 countries, today announced that it has been placed among the top
100 financial technology vendors in FinTech 100, an annual listing of the
top financial technology vendors around the world ranked by American
Banker, Bank Technology News, and IDC Financial Insights.
The top 100 ranking was compiled from fiscal year end revenue and the
percentage of revenue attributed to financial services, as well as from
data gathered from vendor surveys, independent research, and market
analysis conducted by Financial Insights. To view the complete list visit
http://www.americanbanker.com/btn_issues/22_11/top-100-companies-in-fintech-1003
58-1.html.
Steve Husk, CEO of FRSGlobal, commented: "FRSGlobal has seen an increased
demand for its risk management and regulatory reporting solution to
address the rigorous and changing demands of regulators -- not just to
report what has already happened, but what is likely to happen going
forward. An example of this type of reporting is the new FSA liquidity
rules relating to stress testing that require the powerful analysis
capabilities of the FRSGlobal RiskPro solution and the reporting
capabilities provided by RegPro. We have the right people and products to
make sure that our customers will be prepared in advance for this wave of
new regulation."
Recently, the Senior Supervisors Group (SSG) that comprises senior
financial supervisors from seven countries (United States, Canada,
France, Germany, Japan, Switzerland, United Kingdom), highlighted how
weaknesses in risk management and internal controls contributed to
industry distress during the financial crisis and, among other failings,
and that inadequate and often fragmented technological infrastructures at
most firms hindered effective risk identification and measurement.
Husk continued: "To be recognised as one of the leading financial
technology companies globally reflects our approach of providing a single
solution that financial firms can use to cost effectively manage risk and
sustain regulatory compliance."
About FRSGlobal
FRSGlobal is the only provider of risk reporting and regulatory reporting
solutions on a unified platform with a single data model.
FRSGlobal solutions are a combination of modules from RegPro and RiskPro,
sharing a single DataFoundation and CalculationEngine, and content
(global data model and report
definitions):
-- RiskPro provides profitability analysis across the following risk
types: Asset Liability Management (ALM), Liquidity, Market, Credit, Basel
II, IFRS/IAS32 and 39, Solvency II, Funds Transfer Pricing and Economic
Capital.
-- RegPro enables financial institutions to address major regulatory
reporting and compliance requirements locally and globally - with reports
for more than 40 countries.
-- Subscribing clients benefit from the FRSGlobal Guarantee, which
ensures the regulatory reports are maintained in line with the Regulators'
requirements.
-- FRSGlobal Centre of Risk & Regulatory Excellence monitors risk and
regulatory activities in 100+ countries.
FRSGlobal has nearly 20 years of industry expertise and its solutions
are used in over 1500 financial organisations -- including 41 of the top
50 global banking institutions. It is owned by the Carlyle Group and
Kennet Partners.
FRSGlobal is headquartered in Brussels with a further 19 other offices in
North America (Boston, New York and Toronto), Europe (Amsterdam, Brussels,
Dublin, Lisbon, London, Luxembourg, Madrid, Paris, Zurich, Lausanne,
Warsaw and Cluj-Napoca (Romania)), Dubai and Asia Pacific and Japan (Hong
Kong, Pune and Singapore).
COMPANY CONTACTS
FRSGlobal
Lauren Dearmer
PR Manager
Tel: +44 (0) 20 7539 6525
Email: Email Contact
US PR CONTACT
FRSGlobal
Michael Kane
Tel: (978) 698-7602
Email: Email Contact
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