Bringing you live news and features since 2006 

Fintech veteran joins 1RS


Fintech business veteran, Stewart Foster, with over 21 years of experience in the financial technology industry, has joined 1st Risk Solutions “1RS”, a provider of Risk and Compliance Software and Services to the financial services industry as both a Director and shareholder to drive new business growth and build out the software side of the 1RS business.

Commenting on the changes he has seen over the 20-odd years, Foster says: “From the beginning of that period there was either nothing or very rudimentary first bits of technology available in the marketplace, but what amazes me is that there are still large parts of financial services which aren’t very advanced, including risk and compliance.”

Foster believes that there are large areas crying out to be more efficient. “There is a big opportunity to automate things in a fairly simple and easy manner,” he says. “My purpose in life is to provide software that helps people.”

The target client base for 1RS is the smaller to mid-size FCA regulated companies. “It’s all quite cost sensitive so they end up with a bag of bits and the opportunity is to provide pretty low cost, simple software that automates some stuff for them and makes their life easier.”

Foster’s arrival comes on the back of the 1RS’s recent launch to the market of their new Enterprise Risk and Compliance solution called ERIC. ERIC is specifically designed for regulated companies who want a single, modern, easy to implement solution to meet all of their risk requirements, to reduce the cost of their risk management and compliance, and future proof their ability to react to and comply with all future regulatory changes, Foster says. ERIC offers end to end process management linking risk & control data to regulatory rules, losses or risk events, issues and audit points as well as address specific regulatory concerns such as SM&CR, MAR, Conduct, IT, and Vendor Risk capability.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by