Mizuho Trust & Banking has chosen the FlexFinance solution from FERNBACH, provider of solutions for Enterprise-wide Value and Risk Management (EVRM), to meet IFRS, Basel II and CSSF reporting compliance requirements.
FERNBACH’s FlexFinance IFRS compliant double-entry book-keeping accounting solution will streamline the entire accounting processes by reducing processing time for all banking products. By maximising the transparency of the audit trail and taking advantage of the pre-defined templates provided by FERNBACH, MHTBL will reduce both project risks and costs.
“We wanted to deploy a central financial repository and modernise our whole system landscape while being able to fulfil reporting according to CSSF,” says Christophe Coutelet, Head of Information Technology Department, Mizuho Trust & Banking.
Fabrizio Romano, Benelux Country Manager, FERNBACH-Software S.A. adds: “We are convinced that the collaboration will help achieve sustained success for both FERNBACH and MHTBL.”