FRS, a leading global provider of enterprise risk and regulatory compliance solutions, today announced that it has been selected by Lombard Odier Darier Hentsch & Cie Private Bank to provide a new reporting platform to consolidate the reporting process across an initial six countries in Europe.
The decision to implement FRS FinancialAnalytics was driven by the bank’s growth in Europe over the past five years and the need to streamline the reporting process across multiple regimes.
“We are delighted to work with Lombard Odier Hentsch & Cie on this project, which serves to demonstrate the value of FRS FinancialAnalytics to pan-European banks who grow into multiple territories organically. Each country has its own regulatory regime that may well change over time as new regulations are introduced and banks need to work with partners who understand the global picture, not just a local regime.” says, Steve Husk, CEO of FRS.
“Our search of the regulatory reporting software marketplace led us to make the decision to work with FRS. We had worked with FRS in the past, in Switzerland, and our experience had been very positive.” says, Christian Morel, Group Financial Controller at Lombard Odier Darier Hentsch & Cie.