FRSGlobal, the only provider of risk management and regulatory compliance reporting solutions on a unified platform, has, again, won the financial-i award for the Mmost Innovative Regulatory Reporting Solution for the third consecutive year.
FRSGlobal won the award based on a list of 2009 achievements which includes Joint first ranking in Chartis ALM and Liquidity Risk report.It was also shortlisted for FSOkx Excellence Award 2009 for Excellence in Risk Management and Compliance Systems.
According to Anita Hawser, Managing Editor of Financial-i, the internationally acclaimed and respected financial services publication, in selecting winners in each category, the publication focused on companies that its advisory panel believe â€œhave that little something extraâ€ that makes their solutions stand out from the competitors, in terms of depth and breadth of functionality, ease of implementation and support and solutions that are not just looking for problem to solve but actually address real business needs.
Companies shortlisted for the award were selected solely on research conducted by Financial-iâ€™s team of journalists and independent analysts.
The list was then passed to an advisory panel comprising analysts, consultants and market practitioners before the final selection.
Financial-i focuses on the business and operational evolution of wholesale financial services from treasury and cash management through to trading and asset administration.
Its editorial covers how financial institutions are re-engineering their businesses to meet the demand for state-of-the-art products and services from their major customer segments, among others.
Mr. Odun Odunfa, Managing Director/CEO, Kedari, said: â€œWe are delighted to be associated with a great company like FRSGlobal. For FRSGlobal to have won the award for three consecutive years, it is a confirmation that it is the number one in its area of specialization. We are proud to be associated with such a company and given developments in the Nigerian financial services sector, organizations surely know where to look for dependable advice and solutionâ€.
For FRSGlobal, the accolade came as a way to round off a successful year.
â€œThe past 12 months have seen changes in current regulations and the creation of new regimes to cope with the aftershock of the financial crisis,â€ Steve Husk, CEO of FRSGlobal, said.
FRSGlobal is a global partner of Kedari Capital, aÂ leading investment banking firm focused on energy, infrastructure and risk management.
It works through Kedari Capitalâ€™s consulting arm to deliver enterprise risk management consulting and software solutions in Nigeria based on its acclaimed risk management and regulatory reporting/compliance solutions.
FRSGlobal has 20 offices globally and is represented in all the major financial centres.Its client base exceeds 1,500 financial institutions including 41 of the top 50 global banks.Its bouquet of products includes the IFRS compliant solution RiskPro particularly relevant in todayâ€™s regulatory environment.