Lombard Odier Darier Hentsch & Cie Private Bank Move to FRS Platform
FRS has been selected by Lombard Odier Darier Hentsch & Cie Private Bank (LODHC) to provide a new reporting platform to consolidate the reporting process across an initial six countries in Europe. The decision to implement a new platform 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. LODHC’s growth in Europe and its entry into major cities meant that it was facing many more and different regulatory reporting requirements than ever before. This meant that the reporting process had become over-complex and the effort required to gather reporting data had increased every time the bank expanded its business presence. The answer was therefore to formalise the process of regulatory reporting and look to become more efficient in the process. FRS FinancialAnalytics will initially be rolled out in Belgium, France, the Netherlands, Singapore, Switzerland and Spain.