Freeborders Introduces Latest Solution Accelerator for Financial Services Companies - NBC12.com - Richmond, VA News

Freeborders Introduces Latest Solution Accelerator for Financial Services Companies

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SOURCE: Freeborders, Inc.

New Offering supports operational efficiency, accuracy, and compliance.

San Francisco, CA (PRWEB) December 06, 2012

Freeborders Inc., a global provider of consulting, technology and outsourcing solutions, today introduced Independent Controls Evaluation (ICE)? solution accelerator. Tailored for the financial services market, this accelerator allows seamless integration and management of internal controls for financial, operational and regulatory reporting. Using ICE, companies can improve their operational risk management and ensure compliance with regulations, such as Dodd-Frank, Sox 404, Basel II and Basel III.

“Many in the financial sector are striving for operational efficiency while trying to keep pace with regulatory changes and reporting, managing operational and regulatory risk is a key focus in the industry” said Graham Bolton, EVP of Financial Services Consulting at Freeborders. “Building on our global pedigree in FSI solutions, the firms can extend their transparency while reducing redundancy.”

With ICE, companies can track operational efficiency, the accuracy and reliability of Independent Controls while remaining compliant with all laws, regulations, policies and procedures.

Using Freeborders’ LEAF? framework and repository, ICE provides:

  • Key Controls Across Business Functions: Captures control data across lines of business using structured templates to assure accuracy and completeness;
  • LEAF Repository: Defines and loads a repository of independent controls information;
  • Actionable Reports: Creates analytical and executive reports to identify gaps, exceptions and commonality of independent controls throughout the transaction life-cycle;
  • Governance, Risk & Compliance: Assesses and remediates gaps and systemic risk while reducing inefficiencies.
“Today’s competitive and regulatory landscape has made the old model of working in business unit silos obsolete,” said Bolton. “C-level Executives must consolidate data between all systems and processes, and produce an organization-wide view of risk with the ability to quickly produce compliance reports for all regulatory bodies. With the Freeborders ICE solution accelerator, C-Levels have an internal control system at their fingertips that helps produce accurate financial reports and navigate compliance requirements efficiently.”

Freeborders recently published the whitepaper “The Dodd-Frank Act – A Catalyst For Change” which discusses the need to reassess existing technology to become more competitive. The whitepaper can be downloaded at http://www.freeborders.com/wp-content/uploads/2011/07/DoddFrank-2011.pdf
About Freeborders
Founded in 1999, Freeborders provides global IT consulting, technology and outsourcing services. The company pioneered a unique service model that offers the perfect blend of Eastern and Western business practices and access to broad knowledge of the US, European and Chinese markets. Freeborders’ solution accelerators help companies exploit the full potential of their IT investments. Headquartered in San Francisco, the company has offices in Denver, New York, London, Stockholm, Hong Kong, Kuala Lumpur, Guangzhou, Shenzhen, and Wu Xi. To learn more, visit http://www.freeborders.com. You can also follow us on Twitter at @freebordersinc.

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