News & Events
IDEALINVENT and FinArch to Partner for Sales and Delivery
Stockholm – Ghent. 26 January 2012. IDEALINVENT is pleased to announce that it has signed a distribution agreement with Financial Architects (FinArch), the market leading vendor for integrated Finance, Risk and Compliance software solutions.
As a distributor, IDEALINVENT will sell and implement Financial Studio, the Finance, Risk and Compliance flagship solution from FinArch. Included in the non-exclusive agreement are the following regions: Nordics, Baltics, Poland, CIS and Russia.
The complimentary solutions and knowledge of the financial market brought together by both companies provides an exciting value proposition to the market.
Premkumar Bhagwatsaran, CEO of IDEALINVENT, comments: “We are delighted to have the opportunity to be FinArch’s regional partner in the Nordics, Baltics, Poland, CIS and Russia. We are determined to leverage the strengths of both organisations to provide value to customers in the defined regional markets.”
“We welcome IDEALINVENT as our new partner in the selected markets.” Says Nigel M Lee, CCO of FinArch. “Through the experience embodied at IDEALINVENT as well as their complimentary offering, we believe they are very well positioned to help us to further solidify our position in this growing market and to further expand our market position. Having already worked together in a number of successful projects, the formal ‘tie-up’ takes a very powerful ‘tried and tested’ relationship to market." Adds Lee. “Our customers will really benefit from our joint 360 degree view of the banking sector.
IDEALINVENT’s mission is to provide innovative solutions for financial institutions through competitive business models. IDEALINVENT’s New Generation Banking Solution ConnectCore™ helps financial institutions to proactively manage their end-to-end banking processes, adapt to dynamic market demands and scale up to their growing operational needs. Covering the entire banking spectrum, ConnectCore ™ offers solutions for core banking, branch operations and customer services.
FinArch is considered Market Leader for integrated Risk & Finance for the financial services. Deployed by some of the largest international banks in the world and entirely built upon the latest Microsoft technologies, Financial Studio is rapidly becoming the solution of choice for many banks world-wide, which choose to effect strategic financial transformation in a component based, minimal risk and business justified manner.
For more details please contact:
IDEALINVENT Pvt. Ltd tel: +91 80 2860 8105 / 8107 Ext:37 | Financial Architects NV
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About IDEALINVENT
Established in 2005, IDEALINVENT provides solutions through innovative products focused on the banking and financial industry. Our solutions are centered on business processes, transaction processing and data management requirements for banks and financial institutions. Our Consulting practice specializes in assisting banks to realize their core banking transformation plans. We combine innovation at our center in Stockholm with global delivery capacity in Vilnius, Lithuania and Bangalore, India to deliver competitive and timely solutions to our customers.
www.idealinvent.com
www.b-saas.com
About Financial Architects (FinArch)
Financial Architects NV (FinArch), with offices in the major financial centers worldwide, is a global value leader in providing a new generation of financial management software. 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.
With its flagship Financial Studio, FinArch has been positioned as a Market Leader in integrated risk and finance solutions. 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, general ledger, sub ledger, trading ledger, P&L Explain, Product Control, Liquidity Risk, ALM, Basel II/III, Economic Capital, regulatory reporting…) guarantees economies of scale and ease of implementation. A suite of generic, or foundation, modules underpin the power and security of the Financial Studio FRP solution.
