FRSGlobal's French Financial Regulation Solution Sees Strong Take-up
More than 40 firms have gone live with FRSGlobal’s regulatory reporting solution, which enables adherence to the French Commission’s Système Unifié de Reporting Financier (SURFI) regulation. The solution was built in collaboration with FRSGlobal’s technology partner Semansys Technologies, a leading vendor of software solutions for financial reporting and business monitoring based on semantics and eXtensible Business Reporting Language (XBRL).
A selection of the firms that have successfully gone live with the solution include ABC international Bank, Attijariwafa Bank Europe, BGFI International, BNP Paribas Wealth Management Monaco, Ecobank, EFG Gestion Privée, Fideuram Monaco, HSBC Private Bank, Intesa SanPaolo, KBC Bank, LaNef, Rabobank International Bank, and Banque Cantonale de Geneve (BCGEF).
Christophe Sabara, information technology outsourcing (ITO) Manager, BCGEF said: “We wanted to replace our existing regulatory reporting solution as we experienced many difficulties around the implementation of a SURFI module. FRSGlobal brought us all the answers in terms of technical, functional and budget requirements in line with our specifications. It is also the environmental knowledge of the bank and the scalability of the solution that focused our choice for FRSGlobal.”