NBS S.R.L, an Italian IT consulting company, and Financial Architects (FinArch), a softeware firm, have formed a partnership.
Under the agreement, NBS S.R.L will promote FinArch’s Financial Studio products and services and serve as an implementation partner and strategic advisor for FinArch’s business development in Italy.
FinArch’s platform is aimed at product controllers, risk managers, financial controllers, account managers and general management with accounting, compliance, capital management and MIS issues.
NBS S.R.L specialises in advising Italian banks on IT.
“NBS S.R.L has considerable experience in the Italian banking environment and has a clear and focussed vision of how the banks need to evolve to remain competitive,” says Nigel M Lee, Regional Head of Business Development at FinArch. “With their specific knowledge and expertise in key areas such as Basel II and Financial MIS combined with the sophistication of our solutions our joint proposition is compelling and very appropriate for this moment in the development of Italian banking.”
Ezio Lavarino, President at NBS, says FinArch technology suits the Italian market well. “With the Financial Studio FRP platform, incorporating a very sophisticated data model and powerful set of calculation and analysis tools, banks can strengthen their existing governance and reporting systems by adopting an integrated solution,” he says. “This supports a centralized data collection and business intelligence point, obtaining a positive return in internal efficiency through faster business production, while speeding up and improving confidence in the decision making process. With FinArch’s solutions, we further reinforce our value proposition in the functional and application area best suited to exploiting our own competencies and fully aligned with our intention of assisting the Bank’s Management in the achievement of business objectives by ensuring the compliance and affordability of the solutions in-line with the operational and managerial requirements.”