Financial Architects (FinArch) says that Daiwa Securities SMBC Europe Limited (DSEL) has signed up to it’s Finance Resource Planning (FRP) platform. Daiwa Securities SMBC Co. Ltd. is an investment banking joint venture 60 percent owned by Daiwa Securities Group Inc. and 40 percent by Sumitomo Mitsui Financial Group Inc.
DSEL has selected Financial Studio to serve as a single financial database for the organisation. The application includes a financial products database, sub-ledger, rules engine and reporting database.
“Having developed such a positive working relationship with the FinArch team through the selection and proof of concept process, we are excited at the prospect of creating our financial database and reporting environment with them,” says David Rodker, an Executive Director and head of DSEL’s Product Control department. “The expected improvements in reporting capabilities will contribute greatly to the management of the firm.”
“We have in a rather short space of time built a strong business partnership with DSEL and are delighted to work with Graeme Muirhead and his team at DSEL,” adds Nigel Lee, the VP of Global Business Development at FinArch. “Our industry and business experience empowers and enables us to ensure that our products and methodologies are flexible, scaleable and responsive to DSEL’s needs.”