Financial Architects (FinArch), international provider of a Finance Resource Planning (FRP) platform for the finance industry, says that Sucursal en Espaa (KBC Iberica), the Spanish branch of KBC Group, has selected their Financial Studio application to comply with regulatory reporting requirements in Spain.
“We provide KBC Iberica with a solution that enables to leverage financial information with great flexibility and analytical depth, while preserving the high standards of data integrity and completeness to which the KBC Group adheres to,” says Frdric Simons, the VP of Regional Development at FinArch. “We trust that we will be able to build a mutually successful and long-term relationship with KBC.”
“Our Spanish operations will be directed to international companies operating in Spain and to Spanish companies with subsidiaries in countries where KBC is active,” adds Luc Nouwen, the General Manager of KBC Iberica. “We are convinced that we can offer significant added value to Spanish companies among others via our presence in Central Europe and China. Moreover, KBC Iberica will participate in the syndicated loan market and in leveraged finance transactions. As a new branch, we need to be able to focus on our commercial operations. At the same time we need to ensure that regulatory reporting is done promptly and efficiently. We have chosen the flexible FinArch solution for this purpose, because of the professional approach and the ability of the company to offer both local support in Madrid and central support via its Head Office in Belgium.”