Ghent, 25 October 2005 - Financial Architects nv (FinArch), international provider of the Financial Studio â FRP ( Finance Resource Planning) platform for the finance industry, today announced that it has been positioned by Gartner, Inc. in the leaders quadrant in the âBasel II Risk Management Application Software, 2005â report.
According to Gartner, "leaders" are vendors who have a proven track record in Basel II vision and business investment, which indicates they are well-positioned for the future. Leaders do not necessarily offer the best products for every customer project, but they do provide solutions that offer relatively lower failure risk. Leaders in this market have paired advanced technology with broad offerings or have specific, rich functionality.
In the report, Gartner Inc, states that "Nine vendors lead the market for Basel II Capital Accord risk management application software in 2005. Detailed domain expertise and deep functionality are critical components of a vendor's ability to excel in this market."
In the Stylized Architectural Diagram FinArch offers functionality in the areas of Reporting & Dashboarding, Risk Engine and Data Management both for Credit Risk and Operational Risk.
"We consider our positioning in the leader quadrant by Gartner further confirmation of FinArchâs mission to enable customers to take full control of their operations while at the same time complying with changing regulatory demands," said Dirk De Beule, CEO of FinArch. "FinArch continues to innovate while we execute on our product roadmap. With the Financial Studio â FRP (Finance Resource Planning) product portfolio, we are empowering financial institutions to improve efficiency and increase business performance."
About the Magic Quadrant
The Magic Quadrant is copyrighted 16 September 2005 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.