1RS is extremely pleased to announce that Stewart Foster has joined the Management Team as both a Director and shareholder to drive new business growth and build out the software side of the 1RS business.
Stewart Foster has spent over 20 years in Fintech, firstly as a main board Director of software house Financial Objects plc before founding Third Financial Software in 2007 and then FCA regulated Third Platform Services in 2015.
This announcement 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 a brand new solution specifically designed for regulated companies who want a single, modern, easy to implement platform 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. 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.
Stewart Foster, CEO of 1RS Software commented ‘’After over twenty years in Fintech I am delighted to join 1RS in the exciting high growth Regtech marketplace. Our vision is to raise the bar to what has been available historically, by delivering the combination of much more modern, agile and cost effective solutions that simplify and improve risk technology for our clients, backed up by our team of risk and compliance subject matter experts.’’
Tim Bailey, CEO of 1RS Group commented ‘We are delighted that Stewart, with his track record of building software companies, has joined the team to complement our existing Risk and Compliance expertise. This is a very exciting high growth phase for the company. Our product ERIC has been extremely well received since its launch earlier this year and our high quality, high tech but low cost proposition is resonating with clients as we are winning significant amounts of new business.’