Financial Services Regulatory Authority of Ontario selects Soutron, replacing Inmagic from Lucidea

Soutron Global Press Release

For Immediate Release: 20th July 2022
Embargo: None

We are pleased to announce that the Financial Services Regulatory Authority (FSRA) of Ontario selects Soutron, replacing Inmagic from Lucidea. The FSRA is an independent regulatory agency created to improve consumer protections in Ontario. Their Head Office is in Toronto, Canada.

The flexible, modern, and secure Soutron ILS  solution promises to encourage innovation at FSRA as the library works to protect the public by supporting a collaboratively created collection that provides regulation information for property and casualty insurance, life and health insurance, credit unions, loan and trust companies, mortgage brokers, auto health insurance providers, pension plan administrators, and more.

Mandated by the legislature, FSRA’s collection contributes to public confidence by providing the information needed to monitor and evaluate developments and trends, promotes public education and knowledge, promotes transparency and disclosure of information. All this helps to deter deceptive or fraudulent practices and protects the public.

“The Soutron library management system was selected over Lucidea’s GeniePlus due to our flexibility and functionality. We further underwent a comprehensive cybersecurity review prior to the final choice,” states Tony Saadat, CEO of Soutron Global. “I am proud to say that the Soutron application and data center security policies, cybersecurity awareness program, and privacy policy all met the FSRA’s stringent requirements, and we are committed to doing more to support our clients.”

Read the article in full on Marshall Breeding, Library Technology Guides:

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