February 2009: Vizor opens new offices in Dubai

As part of our ongoing commitment to and focus on the Middle Eastern market, we have recently opened new offices in Dubai. Situated in the Dubai Internet City free zone, these offices serve as our hub for all business in the Middle East. As we continue to deliver strategic systems across the UAE and the Middle East generally, we expect to expand our presence in the region over the coming years.

 

July 2008: Vizor secures major contract with the Albanian Financial Services Authority

We are delighted to announce that Vizor has been selected to deliver an In-Reg system for the Albanian Financial Services Authority (AFSA), which will automate regulatory reporting for Albanian companies operating in the insurance and pension fund management sectors.

The objective of the project is the development of a system to support the AFSA regulatory supervisory process. The assignment will provide for the effective and orderly development of key areas of the non-bank financial institutions market, specifically the insurance (life and non-life) and pension fund management sectors, by strengthening the capabilities of the FSA through the modernisation of its information and reporting system.

Vizor will utilise the In-Reg platform to deliver a system that will be used for data collection and reporting functions but will also help with capability building in the medium to long term for the AFSA. The project is funded by the European Bank for Reconstruction & Development (EBRD), who actively support capability development of regulatory bodies throughout the region.

 

February 2008: Vizor secures major contract with Dubai International Financial Centre (DIFC) Authority

After a vigorous worldwide procurement process, Vizor has successfully secured a contract to provide the Dubai International Financial Centre (DIFC) Authority with a state of the art statistical data gathering and analysis system. The agreement comes as the DIFC, known internationally as the fastest growing financial centre in the world, aims to develop and maintain a corporate and financial information database for the financial centre and its entities. This strategic system (DIFCSTAT) will generate and distribute quality statistics to meet analytical and policy needs in line with international reporting standards and best practices. DIFCSTAT will be the official statistical office of the DIFC.

In a statement, Nasser Al Shaali, CEO of the DIFC Authority said: "By contracting Vizor for the development of DIFCSTAT, the DIFC is again underlining its commitment to providing facilities and services of the highest quality to benefit the companies operating from within the centre."

Patrick Macdougall, Chairman of Vizor, added; "We are delighted to be working with such a prestigious and world renowned organization as the DIFC. We are extremely excited about the DIFCSTAT project. Whilst both the deliverables and the project timescales are extremely demanding the combination of the exceptional quality and commitment of DIFC staff and the unique Vizor product and expertise in the field means success is assured."

 

June 2007: Vizor secures major investment

Following our business plan of continuing to expand our B2G offerings to government and quasi-government institutions worldwide, Vizor has completed a major fundraising, unaided by external advisors. As part of the process, we have enhanced and strengthened our board, and we are pleased to welcome as both directors and significant shareholders Patrick Macdougall (Chairman), and Gerry McKeown. Both Patrick and Gerry have achieved significant success in their own fields before joining our board and their combined excess of 50 years of board level experience will underpin our development plan, which is fully funded for the foreseeable future.

To read more about our new directors, please click here.

 

April 2007: FSA's "Firms-Online" extended for Category A firms.

April 1st signalled an extension of the 'Firms Online' population when over a thousand Category A firms came under the scope of Integrated Regulatory Reporting. This update to the system means that companies undertaking the appropriate activities in these categories will now face mandatory reporting deadlines and need to submit periodic returns through the 'Firms Online' application developed by Vizor on the In-Reg product.

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