FinArch and Microsoft Alliance

Financial Architects (FinArch) is a niche specialist and market leader developing integrated reporting, financial management software for banks and financial institutions.

With offices in the major financial centres worldwide servicing a global customer base, FinArch has built a strong reputation as a vendor of or partner for financial, risk and compliance solutions. The company’s new generation of financial management and business intelligence software, Financial Studio, is the first fully integrated Finance Resource Planning (FRP) solution.

Alliance benefits:

All solutions entirely built on Microsoft Technology: .Net framework and Microsoft SQL Server,
Robust, scalable and flexible solutions designed specifically to meet the current and future needs of the banks and financial institutions,
A committed partner for the finance industry with solutions unique for the industry,
A partner that puts its customers first: FinArch delivers what it promises,
An international partner serving financial institutions globally,
A partner that thinks beyond just software: FinArch promotes knowledge transfer via the FinArch Academy,
A highly acclaimed leading software vendor, with accreditations from such research institutes as Celent, Chartis Research and Gartner.

Alliance

Solutions

Customers

Resources

FinArch works closely with Microsoft to build state-of-the art solutions for the global financial services community. All of FinArch’s solutions leverage Microsoft technology to develop and extend functionality for financial institutions. The entire Financial Studio suite ((general ledger, sub ledger, trading ledger, event based accounting, IAS/IFRS, Liquidity Risk, ALM, Basel II/III, E-Cap, regulatory reporting…) consists of click-once web applications offering a rich and fast user experience through the use of Microsoft’s latest technologies. These encompass Microsoft Excel 2007, Visual Studio Tools for Office (VSTO) and the smart client technology itself. Enabling its clients to perform quick and easy roll-outs whilst maintaining the rich user experience of a regular fat client application, the smart client has become FinArch’s standard user interface platform.

All applications have been developed using Microsoft C#.NET, positioning FinArch as a leader in its market. The Financial Studio back-end runs entirely on Microsoft SQL Server. The exclusive features in this platform (e.g. MS Service Broker, MS Analysis Services and MS Reporting Services) enable FinArch’s customers to perform straight-through processing, multi-dimensional and ad-hoc reporting, advanced workflow management etc. As such, FinArch and Microsoft help its clients in the financial services industry make better business decisions, reduce costs and risk, and remain competitive.

FinArch has a worldwide client base FinArch’s constantly expanding client base ranges from retail over corporate and investment banks to universal banks, across all tiers. To date it includes 7 out of the top 10 world’s largest banks by asset size.

EastWest Bank

EastWest Bank, one of the largest banks in the Philippines, licensed Financial Studio’s Financial Resource Planning modules for their Financial Transformation Program, a project embarked to grow a more timely and granular view of their business. As the existing reporting systems could not provide the much-needed information the bank required for its business expansion strategies, Financial Studio was selected because of its strength in keeping both finance and risk data in a single location, providing automatically reconciled data for the purposes of accurate MIS reporting, business analytics and granularity to the transaction level. Thanks to Financial Studio, the bank is also able to leverage on this data repository for their compliance requirements in the areas of Basel II, ALM and central bank reporting. Although the bank has access to functionality covering Accounting, MIS (Profitability), Capital Management and Compliance (Regulatory Reporting), the first priority was to implement a General Ledger and Sub-Ledger for the purposes of MIS & Profitability, as granularity in reporting is vital to the bank’s planning of its business going forward. Basel II, ALM and Regulatory Reporting were implemented in the next phase.

DnB Nord Group

DnB NORD is a strong and recognised name across the Scandinavian and Baltic region. Financial Studio was initially implemented as the bank’s Strategic Global Capital Management Platform. The Bank’s management team soon realized the tremendous benefit of the robust and functionally rich FRP concept delivered by Financial Studio. Having considered a number of alternative solutions, the bank decided that the best practice approach to continuing to meet accounting and compliance requirements was to implement them via an integrated finance and risk management platform, Financial Studio.

The implementation of Financial Studio embraced the whole of DnB NORD Group, including Denmark, Estonia, Finland, Latvia, Lithuania and Poland. The project is based on re-use of core components from Financial Studio and sophisticated functionality for accounting and reporting in addition to risk and capital management functionality already under delivery.

Microsoft and FinArch Alliance