FinArch grows internationally to meet significant increasing demand

Financial Architects (FinArch), international provider of a Finance Resource Planning […]

March 20, 2009

Financial Architects (FinArch), international provider of a Finance Resource Planning (FRP) platform for the finance industry, today announced significant international growth to meet ever increasing demand for its Financial Studio solution.

In the last 3 years, FinArch has expanded its global footprint to successfully deliver Financial Studio in 10 new countries. To meet the ever increasing demand for its solutions and to serve its existing customers more closely, FinArch has added 7 highly experienced and seasoned professionals to its Business Development team.

FinArch has become readily recognizable as a global market leader in the provision of Basel II solutions. FinArch has expanded its offering in to a strategic Risk and Capital Management framework. FinAch’s FRP based solution, Financial Studio, now encompasses sophisticated functionality for Economic Capital, and uniquely combines Risk and Capital Management with financial performance to provide comprehensive Risk Adjusted Performance Measurement.

FinArch continues to lead the market with its powerful Sub-ledger solution. Providing functionality such as Real-time Event Based Accounting, full IFRS coverage and an array of powerful Financial MIS tools, FinArch’s offering is unique in its ability to offer Risk and Capital Management functionality in the same platform as Accounting and MIS functionality.

In addition, Financial Studio also provides Regulatory Reporting functionality for 15 countries and counting. FinArch is the only vendor providing a solution which promotes the essential convergence of Risk and Finance including regulatory reporting.

FinArch has appointed 7 key individuals to meet the increased demand for Financial Studio and FRP based solutions:

* new Vice President for Business Development in North America, based their New York office
* new Vice President for Business Development in the Nordics, Baltics and Eastern Europe, based in their London office
* 2 new Vice Presidents for Business Development for Asia Pacific, based in their Singapore office
* 2 new Vice Presidents for Business Development for the Middle East, to be based in their new office in Dubai, to be formally launched in early April 2009
* Director of Customer Relations based centrally in their Belgian head office

“It is crucial for FinArch to grow appropriately in accordance with customer demand, not only in respect of new business, but also in terms of managing effectively our existing customer relationships. We are very satisfied with the market’s perception of our FRP based solutions. More and more customers understand the value add of our solutions approach not to mention the enormous economies of scale in adopting such a platform. We continue to lead the market in respect of the 4 cornerstones of FRP, Risk and Capital Management, Accounting, MIS and Regulatory Reporting as well as remaining unique in offering all 4 functional areas in 1 integrated platform.”, comments Nigel Lee, Chief Commercial Officer for Financial Architects.

“FRP has come of age as a result of the current economic climate.” says Lee. “Never has there been a more appropriate time to adopt a new paradigm for successful management of Risk and Finance. The current situation demands new thinking and new action. In short, a new generation of solutions is not only required, but may indeed be the difference between Financial Institutions that survive and those that don’t. I have every confidence that 2009 will be another period of significant growth for Financial Architects and I wish the new members of this important team every success in their endeavors.” Lee concludes.

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