FRSGlobal, the provider of risk and regulatory reporting solutions with coverage for 40+ countries on a unified platform, has signed 36 contracts in Q4 2009, bringing the total number of deals won last year to 94. Over the last 12 months, FRSGlobal, who this year celebrates its 21st year of trading, also achieved:
Year-on-year revenue growth for the 21st successive year Strong EBITDA in 2009: the best in the companys history Number of employees up across the companys global operations
As a result FRSGlobal saw an increase in customer implementations – and significant 2009 wins included:
ANZ selecting FRSGlobal’s regulatory reporting tool, RegPro, to be implemented in 12 countries across Asia Pacific and Japan (APJ); Barclays Capital continuing to roll out FRSGlobal regulatory reporting across APJ; Government Savings Bank in Thailand selecting RiskPro for ALM; Eight UK firms, including CIBC and SMBC, signing up for FRSGlobal liquidity risk, stress-testing and reporting solution to comply with the FSA liquidity regime;
EFG International choosing RegPro for regulatory reporting in its branches in France, Spain, Luxembourg, Monaco, Hong Kong and Singapore; SNS Reaal selecting the Solvency II solution; Gruppo Bancario Credito Valtellinese (Creval) choosing RiskPro for ALM and Credit Risk;
Over 15 financial institutions in France selecting RegPro for the new Systme Unifi de Reporting Financier (SURFI) regulatory requirements; American Express selecting FRSGlobal for regulatory reporting for the United States and Canada; Raymond James Financial selecting FRSGlobal’s regulatory platform to provide reports to all of the major U.S. banking regulators.
Product development at FRSGlobal saw significant advancement including:
Multi-country regulatory reporting coverage increased from 30 to 40+ countries, including China and Russia, with Japan nearing completion;
TNG a new technology for regulatory management: the convergence of its enterprise-wide risk solution (RiskPro) and global regulatory reporting (RegPro) on to a single platform – the only unified risk and regulatory offering in the market; ReportBuilder TNG: a new web-based version of FRSGlobal’s reporting solution for non-technical business users to build fully integrated, consolidated risk and regulatory reporting applications; New application modules such as the liquidity risk solution that was launched in UK in May having been developed in conjunction with a peer group of financial institutions to ensure all business needs met. This is expected to expand for regional coverage in the upcoming year as more regulators adopt the liquidity regimes.
FRSGlobal also claimed a list of industry accolades over 2009 including:
Financial-i award for most innovative regulatory reporting solution for third consecutive year; Joint first for ‘Completeness of Offering in the ALM and Liquidity Marketplace’ in Chartis ALM and Liquidity Risk report; One of 11 new technology providers that joined the FinTech 100 list in 2009; Shortlisted for Compliance Project of the Year for the Sumitomo Mitsui Banking Corporation (SMBC) project at the FST awards (winners to be announced in 2010);
Shortlisted for FSOkx Excellence Award 2009 for Excellence in Risk Management and Compliance Systems.
D.C.