Dublin, 18 January 2017
Financial Risk Solutions’ software suite “InvestProTM” 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 InvestProTM software suite has been shortlisted in two categories of the UK’s Financial Services technology Awards. The categories are;
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;
FRS is thrilled to be in the running for two awards this year, endorsing the company’s decision to adopt a strategy of launching a tech-reg software product, InvestGRC™, an oversight software product InvestOPS™ and dividing the InvestPro™ software suite into component parts to address specific investment administration risk management areas, is the right decision for the business - and their customers.
InvestPro™ 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.
Notes to Editor:
About the FS Tech Awards Find out more: www.fstech.co.uk/awards
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
About Financial Risk Solutions (FRS) 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:
InvestPro™ securely automates multiple complex fund administration processes within a single application. InvestPro™ unit-pricing and investment administration software is scalable, modular and flexible.
InvestGRC™ 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.
InvestOPS™ automates the validation of operational activity performed by outsourcing partners, enabling firms to supervise outsourced functions, data and to manage the associated risks. For more information visit www.frsltd.com or follow FRS on LinkedIn.
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