FinArch Leading Supplier for Basel II Solutions on a global basis

Commitment of International Banks to use Financial Studio®
Ghent – 1 February 2005 - FinArch is pleased to announce that it has secured several Financial Studio® Basel II licensing and implementation contracts with major banks across Europe, USA, Canada and Australia for global use of the solution.

"FinArch has secured a leading position in the Basel II space. The recognition of our knowledge and our unique product offering has convinced more and more banks to work with us. We have leveraged the past investments we have made in our platform to optimise our Basel II offering. As a result we have been able to offer leading international banks a complete, ‘out-of the-box’ solution that can be adapted to their own specific needs."

Financial Studio® has been selected after in-depth assessments. Common threads behind the decision to select FinArch’s Financial Studio® include :

- a fully ready and integrated, but open, flexible and transparent platform

- in-depth knowledge and domain expertise globally

- flexible assignments of exposures and collateral types

- efficient capital calculation by leveraging optimal risk mitigation

- navigation on audit trails to unveil the underlying calculations

- automated feeding into regulatory reports

- integration with RAROC and economic capital calculations

- scalability

future-proof solution with a guarantee that it will be maintained in accordance with regulatory changes

Financial Studio® provides the pre-packaged core functionalities that banks need to manage capital and the requirements for all Basel II pillars, risk types, business lines, and asset classes, while smoothly interfacing with legacy systems as well as with third-party modules to perform specific analytical tasks. As a result, financial services companies can gain greater visibility into their customers' credit risks, decrease capital charges through advanced methods and stress testing, and compute risk adjusted capital allocations. They obtain a solution that enables them to use consistent risk and performance information in their daily management decisions, enterprise-wide, as required by Basel II.

Thanks to its robust, scalable architecture and multi-processing capabilities, Financial Studio® is able to efficiently manage significant amounts of data from varied sources and to turn this into meaningful information for real-time decision making. Financial Studio® enables banks to confirm their strategy of process standardisation, utilising the industry’s best practices.

FinArch CEO, Dirk De Beule comments: "More than 100 financial institutions worldwide have been using Financial Studio® as a financial platform to address their internal and external financial management needs, for legal reporting as well as for internal group analysis and reporting, including financial accounting, IAS/IFRS accounting, profitability, solvency and risk calculation. These global Basel II contracts confirm FinArch’s ability and agility to provide proven solutions that continue to meet the evolving needs of its clients and deliver significant return on investment. They reinforce our strength and expertise in the global market."

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