Banque Chaabi du Maroc, a key institution of the Groupe Banques Populaires, a leading Moroccan financial services holding, expands its assertive strategy connecting to Financial Studio FRP platform, offered by FinArch, a provider of banking software.
To realise development ambitions in Europe Banque Chaabi du Maroc searched banking software package that combines the technology and banking regulations in a way that it can overcome both technological progression of the initial architecture and evolution of regulatory requirements across selected geographies. FinArchs offer met wishes of the bank.
Financial Studio is integrated platform for finance and risk. It will provide flexible system for data management and both regulatory and internal disclosures, while embracing the banks expansion strategy and enhancing the traditional craft of Banque Chaabi’s banking business.
The system will support banks branches in Spain, the Netherlands, the United Kingdom and Belgium. FinArch provides high degree of automation and compliance to ever-evolving legal requirements.
Banque Chaabi du Maroc is planning to open over 40 branches throughout Europe. For this first wave of branches, FinArch will initially serve a large number of users to automate and manage their daily activities around regulatory reporting requirements.
This partnership is extremely valuable to us and underpins the financial markets’ perceived value of FRP, and confirms Financial Architects as uniquely placed to offer integrated solutions for finance and risk across multiple geographies in today’s competitive environments, says Philippe Meyer, vice president, FinArch.
A local presence across Europe’s main financial hubs, highly qualified support, training and implementation teams, proven knowledge of banking business lines and activities, as well as a state-of-the-art technology base were the main strengths of FinArch, says Mohamed Allouch, general manager, European network, Banque Chaabi du Maroc.
L.D.