The Computime and Synergy Software half-day seminar held this morning in Dubai Internet City marked an important and successful start to BRSANALYTICS’s presence in the UAE.
Despite their busy schedules and concurrent SIBOS event taking place during the same days, there was a very good response from the local financial community. Attending members included ‘C’ level executives from some of Dubai’s well-established banks and other financial institutions, such as heads of compliance, senior IT staff and CFOs.
During the seminar, key speakers Stephen Jones for Synergy Software and Andrew Bonnici for Computime (authors of BRSANALYTICS) spoke about the effects of the recently implemented Basel III framework and FATCA – for tax compliance of US citizens holding non-US domiciled income.
In his discourse on BRSANALYTICS, Mr Jones emphasised the need to be assertive in the face of ever increasing and newly emerging regulatory reform initiatives. Mr Jones explained that “in order for banks to successfully deliver complete sets of accurate reports in a time-efficient manner, in line with the requirements set by the regulator, technologies like the web-based application were no longer an option but an absolute necessity.”
Daniel Buttigieg, International Partner Channel Manager for BRSANALYTICS further highlighted the solution’s proven results and business benefits by referring to case studies developed in collaboration with their technology partner Microsoft and existing clients.
Adding to this, Mr Buttigieg said that product-driven results include a significant reduction in time spent collating the reports from 15 days to a few days or even hours. “The solution,” he concluded, “follows a standard implementation that is rapid and easy to replicate across multiple territories operating under different reporting requirements, deadlines and submission formats.”
Synergy and Computime will be exhibiting the latest UAE central bank reporting pack at the Gitex Technology fair at Dubai World Trade Centre between the 20th and 24th October. Those interested in meeting with our representatives at the fair are requested to contact Ms Sharmili Shende on 0097143365589 or email at events@synergy-software.com for invites.
