FinArch

FinArch launches Competence Center for Integrated Finance and Risk Management

New center of excellence offers professional software development services and training in integrated finance and risk solutions  

Jakarta – Singapore. January 18 2010. FinArch, the leading international provider of Finance Resource Planning (FRP) for the finance industry, said today that in response to strong market demand for its expertise in Finance Resource Planning (FRP), it has established the FinArch Competence Center to serve banks and financial institutions that engage in projects to comply with internal and external regulations. The first Competence Center is based in Jakarta, Indonesia and serves Southeast Asia. It is envisaged that in the near future more Competence Centres will be established in different locations throughout the world.

Along with its local partner in Indonesia, Anabatic Technologies, the Competence Center will create and share knowhow and information, and will offer advisory services and consulting. In addition, it will support implementations from A to Z, and deliver training and workshops. A team of dedicated consultants is at the disposal of FinArch's clients and prospective clients to help them build their project from the initial need through to final implementation.

Chris Puype, COO and Director of Asia at FinArch comments: "The opening of the Competence Center is another milestone for FinArch. It underscores our strong commitment to deliver value to our customers who are facing tough times given that the entire financial services sector is experiencing big regulatory changes. With our Competence Center FinArch wants to prepare them for and guide them through the changing regulatory, compliance and legal landscape. Whether it is to meet the regulations for IFRS, Basel II or Liquidity Risk, FinArch has a proven track record of successfully delivering integrated finance and risk software development projects and training, so it is only natural that we formalize our efforts with a Competence Center.”

Handojo Sutjipto, Managing Director of Anabatic Technologies, states “The launch of the Competence Center shows Anabatic and FinArch’s commitment to supporting the ASEAN financial regulatory direction, providing expertise knowledge and information. We believe our existing and future customers will reap the benefits of the value added services we offer.”

The official launch ceremony was held at Jakarta on December 10 2009. This event was also held to celebrate the one year success of FinArch’s IFRS Academy. FinArch and Anabatic Technologies jointly kicked-off the FinArch IFRS Academy in March 2009 in Jakarta. Since then the Academy has successfully opened in many countries around the world.

Highlights of the launching ceremony included speeches by Dirk De Beule, Chief Executive Officer at FinArch, and by Benny Verhelst, a highly acclaimed IFRS expert at FinArch, who discussed the recent changes to IAS/IFRS, and its impact for Indonesian banks. Another highlight of the ceremony was the customer testimonial by Frederick Siew, Senior Vice President at Bank Simpanan Nasional Malaysia (BSN). Mr. Siew discussed the swift implementation of FinArch’s Financial Studio IFRS solution at BSN. Furthermore, FinArch’s existing Indonesian customers shared with peers their experience in ongoing implementations of Financial Studio to meet the PSAK 50/55 requirements. The reception and dinner were cordially offered by the Royal Embassy of Belgium and Flanders Investment and Trade.

By establishing the Competence Center, FinArch is building on extensive experience in delivering finance and risk solutions to the banking industry worldwide for more than ten years.

About FinArch
FinArch (Financial Architects nv), with offices in the major financial centers worldwide, is a global value leader in providing a new generation of financial management software. With its highly customisable modules and scalable database, Financial Studio brings together, in a single application environment, the tools banks need to manage, measure, and report all their financial activities. The integrated approach of the different modules (IAS/IFRS, Liquidity Risk, ALM, Basel II, E-Cap, Compliance…) guarantee economies of scale and ease of implementation.

FinArch provides a unique blend of domain expertise, operational services, and technology solutions that accelerate and facilitate financial institutions’ ambition to implement a cost effective and reliable financial management platform.

www.finarch.com
www.ifrsforbanks.com
 

About Anabatic Technologies
Since its formation Anabatic Technologies has aimed to deliver solutions required by companies to compete in today’s digital economy. The necessity to revisit business processes has never been higher. In the light of these global challenges, Anabatic is at hand to assist you through the changes.

Still in its early years, Anabatic has grown to be one of the foremost IT companies in Indonesia, supported by our international alliances and trusted by many companies. Our close understanding of local business practices and culture ensures successful implementation across private and public sector projects through providing  integrated solutions on time and within budget.

This great achievement is also made possible by the development of our employees. We believe developing human capital equally with our corporate values is the key to any company’s survivability even in today’s technology dominated business. Therefore, we have set a high benchmark in our recruitment and sustain our employees skills and knowledge through continuous learning. When it’s time to re-examine and lead you through the transformation of your business process, we are ready to present you with a solution that is reliable, cost-effective and trustworthy.

www.anabatic.co.id

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