BNP Paribas rolls out FRS' FinancialAnalytics across European branches
13 January 2004 | 3656 views | 0
BNP Paribas Investment Banking is rolling out reporting and analytics software from S1 subsidiary FRS across its branches in Europe.
Following an initial pilot of FRS' FinancialAnalytics product at branches in Portugal, Hungary and Germany, BNP Paribas will extend the implementation to branches in 10 more countries.
The bank will use the product to consolidate pan-European regulatory data collected across systems, offices and countries, to provide its with enterprise data in a single standardised model.
Detlef von Eiff, responsible for European corporate and investment banking IT, BNP Paribas, says: "FRS will help us to conduct integrated regulatory reporting in line with international regulators in a single system, creating a more streamlined, better-informed, efficient operation."
The FRS product suite delivers regulatory reporting, financial intelligence and analytics, providing data for internal business users and external regulators. Country-specific modules ensure the availability of the data required comply with pan-European reporting regulations.