Industry Awards Recognise Financial Risk Solutions’ Commitment to Cloud Innovation and Risk Management Software

Dublin - 19 January 2017

Financial Risk Solutions’ software suite “Invest|ProTM” has been shortlisted in the UK FStech Awards 

Financial Risk Solutions (FRS), a Dublin-based provider of unit-linked investment administration and compliance oversight software, is pleased to announce that its Invest|ProTM software suite has been shortlisted in two categories of the UK’s Financial Services technology Awards.  The categories are;

  • Cloud Computing Innovation of the Year (Invest|ProTM)
  • Risk Management Software of the Year (Invest|GRCTM)

The FStech Awards, which are now in their 17th year, recognise excellence and innovation in the field of information technology within the UK and EMEA financial services sector.

Entries come from financial services institutions and technology suppliers which are leading the way in such areas as;

  • compliance
  • customer service
  • systems integration
  • social media
  • outsourcing
  • data governance
  • mobile
  • online

FRS is thrilled to be in the running for two awards this year, proving that the company’s decision to adopt a strategy of launching a tech-reg software product, Invest|GRC™, an oversight software product Invest|OPS™ and dividing the Invest|ProTM software suite into component parts to address specific investment administration risk management areas, is the right decision for the business - and their customers.

Invest|ProTM is available in three different software delivery models, namely; on-premises, SaaS hosted on Microsoft Azure, and delivery by a licensed FRS outsource partner, making it a scalable, cost-effective solution, which completely meets the requirements of fund administration in one system. 

The GRC module (Governance, Risk & Compliance) provides a centralised data warehouse to aggregate asset positions and other relevant compliance and risk management data and automatically produces Solvency II quantitative reporting templates (QRT) on a client-specified frequent basis.  It also allows Insurers to conduct their own risk and solvency assessments on their investment-related business.

Chief Marketing Officer at FRS, Frank Carr said;  “Hosting our software on Microsoft Azure allows us to provide our clients with a speedy and straightforward implementation process which provides a robust, flexible solution without the need for additional infrastructure or resources. This is extremely valuable for many life assurance companies today in assisting them with their increasing administration, reporting and compliance demands while supporting their growth objectives.”

The awards are independently judged and the winners will be announced at the FStech Awards Gala Dinner & Ceremony at the London Marriott Hotel, Grosvenor Square, 23rd March 2017.

The Judging Panel:

  • Martyn Atkinson, Director of Digital and Change, Metro Bank
  • Simon Burrows, Director, PwC
  • Matt Cox, Head of Innovation and Insight, Nationwide Building Society
  • Glenn Murphy, Head of IT, Cazenove
  • Aksana Pekun, Head of Culture and Capability, Chief Data Office, Deutsche Bank
  • Julian Sawyer, Chief Operating Officer, Starling Bank
  • Michelle Stevens, Editor, FStech

Founded in 1999 by actuaries and IT specialists, Financial Risk Solutions Ltd (FRS) is a leading provider of unit pricing, investment administration, asset reporting and compliance oversight software specifically designed for the Life Assurance and Asset Management industries.

FRS offer a proven range of modular, intuitive technology solutions which allow customers to pro-actively monitor and administer investments as well as mitigate risk by continually monitoring breaches and exceptions to critical investment processes. These solutions include:

Invest|Pro™ securely automates multiple complex fund administration processes within a single application. Invest|Pro™ unit-pricing and investment administration software is scalable, modular and flexible. 

Invest|GRC™ empowers insurers and asset managers to meet Pillar III asset reporting standards in the Solvency II world via a single, analytics-driven database, combining data from internal and external sources. 

Invest|OPS™ automates the validation of operational activity performed by outsourcing partners, enabling firms to supervise outsourced functions, data and to manage the associated risks.