Australia and New Zealand Banking Group (ANZ) has chosen FRSGlobal's regulatory reporting tool, RegPro to be implemented across 12 countries in Asia Pacific and Japan (APJ) as the bank increases its presence as a super regional bank.
Initially RegPro will be rolled out to ANZ Bank's Indonesia, China, Singapore, Taiwan, Hong Kong, Vietnam, Japan, India, Philippines, South Korea and Cambodia offices. The bank has options to roll out the product into South Pacific, Australia and New Zealand at a later stage.
The implementation will provide the bank with a single repository of data culled from multiple sources, automated report generators for 40 countries, and full audit capabilities.
Steve Thurley, VP Asia Pacific and Japan, FRSGlobal comments: "With our solutions, they (ANZ) do not have to implement a plethora of local solutions which are expensive, difficult and risky to maintain. We enable global banks to centralise multi-country risk and regulatory reporting from both a technical and business perspective and address global regulatory, compliance and risk requirements at a local level."
He says that over the last 12 months FRSGlobal's product coverage in APJ has grown from three to eight countries and with the addition of ANZ this will increase further.