FRSGlobal today announced that a major global banking group has selected its platform to meet regulatory demands in 33 countries worldwide.
The banking group currently uses FRSGlobal solutions in six countries and, following a thorough selection process, has extended the scope to cover a further 27 countries around the world with this most recent signing. The implementation will enable the group to centralise enterprise-wide regulatory and internal reporting, from both a technical and business perspective, and will ensure the group’s compliance with country-specific regulators.
Steve Husk, CEO, FRSGlobal said: “This deal truly exemplifies the power of combining valuable content with a strong product, and a unique guarantee to keep reports up to date with regulators’ requirements at all times. The business logic behind tying these factors together truly sets us apart in the marketplace and puts us in prime position to support banking group requirements of this scale. We confidently anticipate replicating the success of our existing projects for this group in the new countries they have identified.”
The team delivering these global accounting and regulatory solutions will be based across Asia-Pacific, with resources in Sydney, Singapore, Hong Kong and India.