BKCP has selected FinArchs Financial Studio application as the core platform to answer all their capital management and reporting requirements.
BKCP, a partner of Crdit Mutuel Nord Europe, one of the largest banks in France, is a group of regional banks for retail and corporate clients in Belgium. BKCP has chosen Financial Studio to comply with Basel II requirements in Belgium and in France, and, at the same time, to produce the data required for FINREP (IFRS) reports and legal reporting. FinArchs application will be implemented in the entire BKCP network.
Financial Studios capital management application comes with a range of functionality to address the requirements of Basel II, RAROC, economic capital and other risk-related performance measurement ratios. It provides a fully integrated capital and risk management application that delivers comprehensive support for enterprise-wide credit, market, and operational risk management, ensuring compliance with external regulations.
Organisations maximise the investments made to meet the immediate short term requirements, meanwhile building a comprehensive capital framework and enterprise risk management platform with superior internal controls.
The selected application supports expansion from a Basel II Standard Approach into IRB. In case the group should wish to embrace one single application that leverages the convergence between compliance, accounting, MIS and risk management issues, FinArchs Basel II application’s common data model shared with the more advanced Financial Studio capital management applications provides a direct option to expand usage into other areas, both functionally and geographically.
“We provide BKCP with a solution that leverages financial information with great flexibility and analytical depth, while preserving the high standards of data integrity and completeness to which BKCP adheres to. Financial Studio is a future-proof solution, as it guarantees automatic future compliance through the software updates on supervisory changes that we provide as part of our continuous commitment to our customers. Without any doubt BKCP rapidly will receive return on investment,” says Frdric Simons, vice president of Regional Development, FinArch.