FRSGlobal

FRSGlobal sees surge in new business in Singapore and Hong Kong

8/5/2009

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Interest in unified risk and regulatory platform hits Asia

London, Singapore, 8th May 2009: FRSGlobal, the only global provider of risk and regulatory solutions with coverage for over 30 countries on a unified platform, today reported a surge in the number of new sales for its Singapore, Hong Kong and new country offerings in Asia Pacific on its unified risk and regulatory platform.

Commenting on this success Steve Thurley, Vice President - APJ at FRSGlobal, said: "We are very pleased to have signed up a number of new clients for our Singapore and Hong Kong products in the first quarter of 2009 that have also committed to licensing our new country offerings at a later stage. This is very encouraging. "

"At the beginning of the year we developed solutions for several new Asian countries in the knowledge that banks wanted to consolidate their regulatory reporting using a common solution and this is now starting to pay off. This surge in new sales consolidates FRSGlobal's position in Asia, endorses our growth plans and further increases our market share against the competition in Singapore and Hong Kong. "

"It is also pleasing to see a significant interest in our unified risk and regulatory platform launched in March - particularly in Market Risk, ALM, Credit Risk and IFRS. Our research revealed that most banks now want a contract-centric solution for risk and regulation on a single unified platform from one vendor. This is becoming top of most banks' priorities as the regulators continue to demand more efficient ways of viewing bank data and FRSGlobal is very well positioned to accommodate this requirement."