BNP Paribas Corporate and Investment Banking (CIB) has signed a contract to implement FRSGlobal FinancialAnalytics software application to handle its regulatory reporting in Russia.
Under the agreement, FRSGlobal will work with BNP Paribas CIB to implement its FinancialAnalytics software in Moscow and provide updates to new and existing reports as part of the subscription agreement. Based on the experience of its European Competence Centre for FinancialAnalytics, Russia becomes the tenth country in Europe to implement the FinancialAnalytics software within BNP Paribas. Previously the solution was successfully implemented in Belgium, Germany, Poland, Hungary, Ireland, Portugal and the Netherlands; Greece and Spain are the next countries to be rolled-out.
“We are pleased to be working with FRSGlobal on this project as they have demonstrated time and again that they are a safe pair of hands to support our local reporting functions,” says Jan Stahlenberg, head of the competence centre Europe at BNP Paribas CIB. “This is a unique offering and perfectly matches our desire to support and strengthen the regulatory reporting operation from a centralised hub.”
“This is a further example of our ability to deliver using a single product, with a single customer, across multiple regions,” says Steve Husk, CEO of FRSGlobal. “It is rewarding to show that our model, our systems and our team perfectly match the needs of the market.”