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January 27, 2010

BKCP in Belgium Selects FinArch To Streamline Finance, Risk, Reporting Architecture

BKCP in Belgium, part of Credit Mutuel Nord Europe, has selected Financial Studio from Financial Architects (FinArch) to address its full finance, risk and reporting requirements.

By CBR Staff Writer

Financial Studio is an integrated finance resource planning (FRP) solution for banking and financial institutions. FinArch claimed that Financial Studio’s ‘out-of-the-box’ functionality, with its customisable modules and scalable database, allows for deployment of any sized project, from small local implementations to full-scale enterprise-wide solutions on a global basis.

Based on an open architecture, FinArch’s solutions allow for easily integrating with any existing banking IT systems, while easing the burden of regulatory reporting as it complies with the reporting requirements of central banks and monetary authorities all over the world.

Yves Van der Beken, chief information officer at BKCP, said: “At BKCP, we want to monitor constantly and adapt our business when and where needed. Functionally, we discovered that Financial Studio offers deep functionality for our current needs and it gives us the confidence that the system will also support our future requirements.”

Siegfried Van Puyvelde, customer relationship director at FinArch, said: “Financial Studio is the only solution specifically designed for the financial services industry in this market that does this. We are obviously pleased that more and more banks such as BKCP are convinced of this. With Financial Studio, now fully web based, BKCP has the foundations of an overall strategic platform on which, as they expand, easily more solutions can be implemented in a modular fashion to achieve their growth ambitions.

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Belgium-based BKCP provides banking services such as daily banking operations, savings and investment products, life insurances and business loans.

Belgium-based FinArch provides financial management software for banks and financial institutions.

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