Dublin-based provider of unit-linked investment administration and compliance oversight software, Financial Risk Solutions (FRS), has been named ‘Tech Vendor of the Year: GRC’ [link] in the Risk.net Buy-Side Awards 2016 at the Sheraton, Park Lane, London yesterday.
Developed by a team of actuaries and IT specialists, the Invest|ProTM software suite (comprised of Invest|GRCTM, Invest|ProTM, Invest|OPSTM) automates and industrialises investment administration and currently manages 160,000 funds for more than 30 life assurance companies with over €100 billion in assets under administration.
Invest|GRCTM the Governance, Risk & Compliance module, is used by a number of clients, including Zurich, Prudential, Generali and St James' Place International to meet their Quantitative Reporting Template requirements under the Solvency II Pillar 3 asset reporting regulations.
Chief Marketing Officer at FRS, Frank Carr commented:
“We are delighted that FRS has been named as ‘Tech Vendor of the Year: GRC’ in the Risk.net Buy-Side Awards. A valuable benefit of using Invest|GRCTM as the robust solution for the Solvency II Pillar 3 Quantitative Reporting Templates for the finance department is that the internal/external audit functions, the compliance function and the risk management function all now have a web based business intelligence tool to meet the asset governance and compliance requirements of their firms”.
Invest|GRCTM interfaces to Thomson Reuters, Bloomberg and Morningstar for both asset enrichment data and look-through data. It imports asset holdings and trades data from multiple internal systems and third party provider systems into a centralised data warehouse. This data is enriched via interfaces to market data providers. Automated data validation is available to ensure consistency and completeness of data. Invest|GRC™ is deployed on-premise or cloud hosted on Microsoft Azure.