ALMIS FSA System Developments
Following a recent seminar, FSA supervisor Jon Pyzer clarified a preference that the FSA Basis Report should be calculated on a net, rather than a gross, basis.
ALMIS International constantly looks at ways to help clients save costs and ease the implementation process. ALMIS has now adopted a modular approach when implementing future ALMIS systems, to make it easier for users to operate the system to its full potential.
Significant cost savings were achieved through a consortium implementation with three financial institutions. Kingdom Bank, Loughborough and Dudley Building Society are all taking on ALMIS and are sharing implementation and training.
FSA Reporting module was released at our user conference on 28 October 2010. This module will help customers comply with regulations and reduce the burden of compliance, whilst enhancing methods of reporting and analysis at the same time.