Financial Risk Solutions’ Governance, Risk and Compliance solution, Invest|GRC, has been named as a finalist in the category ‘Best Risk Management Solution’ in the 18th annual FStech Awards
Dublin – 29th January 2018
Financial Risk Solutions (FRS), a Dublin-based provider of unit-linked investment administration and compliance oversight software, is pleased to announce that its governance, risk and compliance offering, ‘Invest|GRC’ has been named as a finalist in the annual FStech Awards.
Now in their 18th year, the FStech Awards, hosted by FStech Magazine, are the showcase for excellence and innovation within the UK and EMEA financial services sector and award entries come from financial services institutions and technology suppliers which are leading the way in such areas as;
- customer service
- systems integration
- social media
- data governance
Invest|GRC: A market-leading RegTech solution:
Invest|GRC is an award-winning* solution which aggregates 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. Importantly, since mid-2017 Invest|GRC has included the automated production and publication of complex Key Information Documents (KIDs) in relation to the PRIIPs (Packaged Retail and Insurance-based Investment Products) which came into force earlier this month.
Invest|GRC completely meets the requirements of fund administration in one system available in three different software delivery models, namely;
- SaaS hosted on Microsoft AzureTM
- delivery by a licensed FRS outsource partner
Chief Marketing Officer at FRS, Frank Carr said;
“We are delighted that Invest|GRC has been named as a finalist in the FStech Awards, and continues to gain recognition within the industry as a market-leading RegTech solution.”
“In discussions with the industry last year, we found many companies were directly impacted by stringent PRIIPs regulation coming into effect from Jan 1st 2018, and it was decided that Invest|GRC must include the PRIIPs module. Uniquely our software caters for the complex requirements of both fund of funds PRIIPs and open architecture wrapped products.”
The winners will be determined by an independent judging panel and announced at the renowned FStech Awards Gala and Dinner on 22nd March 2018 at the London Marriott Hotel, Grosvenor Square.
Notes to Editors:
About the Awards:
The FStech Awards, the official awards show of FStech Magazine, represents the pinnacle of best practice, and a chance to learn from the best in the industry.
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:
Invest|Pro™ securely automates multiple complex fund administration processes within a single application. Invest|Pro™ unit-pricing and investment administration software is scalable, modular and flexible.
Invest|GRC™ empowers insurers and asset managers to meet PRIIPs and KID requirments along with Pillar III asset reporting standards in the Solvency II world via a single, analytics-driven database, combining data from internal and external sources.
Invest|OPS™ automates the validation of operational activity performed by outsourcing partners, enabling firms to supervise outsourced functions, data and to manage the associated risks.
*2016 – Tech Provider of the Year, Governance Risk and Compliance – Risk.Net Awards
2017 – Tech Firm of the Year – Insurance Asset Management Awards