Spring Programs Limited, the only company to specialise in UK Regulatory Reporting, today announced that Riyad Bank, one of the largest financial institutions in Saudi Arabia, has chosen SPRiNG software for its Bank of England and FSA reporting.
The Spring Programs consultants have assisted with the project to import data from the bank's internal accounting systems to populate its BoE Forms and FSA Data Items.
Riyad Bank has a strong and growing corporate and retail banking franchise, and is mobilising its large capital base and decades of experience to take a cutting edge role in Saudi finance. Mr Alan Kilby, Head of Accounts commented, "Spring Programs offers us a total UK Regulatory Reporting solution and has helped us to make the transition from our previous software providers uncomplicated, efficient and 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."
Spring Programs' Managing Director, Jenkyn Kennedy, said, "We are very pleased to welcome Riyad Bank as a new customer to SPRiNG. We can provide the necessary UK regulatory reporting expertise to ensure that our customers know they are reporting correctly. They can then get on with the business of serving their customers."