In partnership with the bank, FRSGlobal will implement its regulatory reporting solution in these three countries over the next 12 months. The bank has selected FRSGlobalâs subscription-based business model, which will see regulatory changes to the reports provided to the bank free of charge as part of FRSGlobalâs Regulatory Update Service.
FRSGlobalâs regulatory reporting solution enables banks to standardise and consolidate their procedures whilst automating risk and regulatory reporting across multiple countries and entities. Users are able to control this process from beginning to end â taking data from the source systems through to sending the reports to the regulator.
Stephen Thurley, VP for Asia Pacific and Japan, FRSGlobal commented: âWe are delighted to be extending our reach for Financial Analytics solutions further in Asia Pacific to Japan, India and Australia. This means we are able to provide multi-country solutions to banks that require us to deploy global or pan-Asia solutions for regulatory reporting and consolidate them in locations that offer further cost and process efficiencies across the bank.â