United National Bank chooses Spring for UK regulatory reporting

Source: Spring Programs

Spring Programs Limited, the only company to specialise in UK Regulatory Reporting, today announced that United National Bank has chosen SPRiNG to fully automate its Bank of England (BoE) and FSA reporting.

The Spring Programs consultants have completed the project to import data from the bank's internal accounting systems to populate its BoE Forms and FSA Data Items.

United National Bank has a vast experience of domestic and international banking, and its global connection gives customers access to money markets worldwide. Mr Brian Firth, Chief Financial Officer commented, "Spring Programs offers us a total UK Regulatory Reporting solution and have completed our consultancy project efficiently, without disruption to our reporting schedule. The ongoing maintenance and support package will include supplying us with all the Forms and Data Items we may need to report in the future as our requirements may increase, at no extra cost."

The complete SPRiNG package will enable United National Bank to automate all their regulatory reports, including the new FSA liquidity data items. Other features of the software include;
• Validation and cross checking
• Electronic transmission methods
• Variance and trend analysis
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 United National Bank 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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