Financial Architects (FinArch), provider of enterprise-wide analytical software solutions for financial institutions, announced that the Dutch Friesland Bank has opted to eventually implement Financial Studio as the core platform to replace its current compliance solution and to answer its capital management and regulatory reporting requirements.
“After exploring several possible solutions intensively, Friesland Bank concluded that FinArch offers the best combination of a solid, future proof Basel II reporting solution and a predictable implementation trajectory.” says, Klaas de Boer, Director Planning & Control.
“We at FinArch understood Friesland Bank’s compliance and performance objectives and – after we received a status quo of the project deliverables and milestones to date – successfully identified actual requirements from both longer term business and regulatory perspective.” says, Frdric Simons, VP Regional Development at FinArch.
The Financial Studio FRP platform embraces accounting, risk management, MIS and compliance solutions, and is used by numerous financial institutions worldwide.