Business Control Solutions Grp PLC
  06 January 2009
   

    HSBC selects BCS ARC to improve agent bank fee management 
    and drive down costs

    BCS ARC to enable HSBC to achieve more efficient fee models and drive efficiencies


    London, 6 January, 2009 - Business Control Solutions (AIM: BCT.L), provider of management consultancy services and operational control
software to the financial services sector, today announced that it has signed a contract with HSBC to supply BCS Agent Reconciliation
Control (ARC). This software application will act as HSBC's single source of agent bank fee data. 

    Annual agent bank fees frequently run into millions of pounds per annum. These costs are typically received by invoice and cover
transaction costs and custody fees. BCS ARC allows the centralisation of this data to validate costs accurately each month. It will enable
HSBC to look at the most efficient fee models in order to save money and accurately apportion fees against trading desks.

    - Ends -

    About Business Control Solutions
    Business Control Solutions is a provider of management consultancy services and operational control software to the financial services
sector. Its people have operated at senior levels in global organisations and this experience and domain expertise helps its clients to
achieve fast-track solutions to difficult and complex problems. Its commitment to successful delivery has resulted in long-term, trusted
relationships with its clients, which include six of the world's top ten banks.

    The management consulting division has delivered comprehensive business transformation programs within finance, risk, IT and operations
across both the buy- and sell-side. Its innovative technology solutions are designed by industry practitioners to embed control within
operational functions and give senior management real time transparency on issues and risks. 

    Business Control Solutions is based in London, with development centres in Peterborough and Romania and is listed on the Alternative
Investment Market (AIM) as BCT.L.
    For more information on Business Control Solutions please visit www.bcsplc.com 

    Press contacts
    Flora Wilke or Nick Bird                    
    Metia                            
    Tel: +44 (0) 20 3100 3500                        
    Email: flora.wilke@metia.com or nick.bird@metia.com      

This information is provided by RNS
The company news service from the London Stock Exchange
 
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