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FBN Bank UK chooses Spring for FSA liquidity reporting

20 May 2010  |  3371 views  |  0 Source: Spring Programs

Spring Programs Limited, the only company to specialise in UK Regulatory Reporting, today announced that FBN Bank UK, a wholly owned subsidiary of the First Bank of Nigeria, have chosen SPRiNG to deliver their FSA liquidity reporting solution.

The Spring Programs consultants will complete the project for FSA Data Items FSA047 - FSA 054.

FBN Bank UK have been trading since 1st November 2002. They offer a wide range of banking activities and services, which include personal, corporate and correspondence banking. Mr Sam Aiyere, Financial controller commented, "Having enjoyed a long and excellent working relationship with Spring Programs Limited, we feel both happy and confident that they will help us meet our liquidity reporting requirements to the FSA quickly and efficiently, without raising the price of our current maintenance and support fee."

The complete SPRiNG package will enable FBN Bank UK to have a central point for all their regulatory reporting data, including the new FSA data items. Spring Programs is committed to continue to offer all their existing customers unparalleled levels of support.

Spring Programs' Director, Sharon Cormican, said, "We are extremely pleased that FBN Bank UK have chosen SPRiNG to deliver a total regulatory reporting solution. As the only specialist independent company in the UK, we have the regulatory reporting expertise to ensure that our customers meet their FSA reporting requirements on schedule."

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