Under the agreement, NBS S.R.L will promote FinArchâs Financial Studio products and services and serve as an implementation partner and strategic advisor for FinArch's business development in Italy. The Financial Studio FRP platform offers financial institutions a distinct combination of modules that address the needs of product controllers, risk managers, financial controllers, account managers and general management as it embraces the inter-relational functions of accounting (General Ledger, sub-ledger and trading ledger, consolidation, IFRS Accounting, accounting generator, cost allocation, .... ), compliance (IFRS reporting, regulatory reporting, Sarbanes-Oxley compliance, Basel II reporting, â¦), capital management (economic capital, RAROC, Basel II credit risk,â¦) and MIS (cost allocation, budgeting & control, HO reporting, management accounting, customer & product profitability, .... ). On the technology side, Financial Studio is built on a mainstream enterprise-ready technology platform with a flexible and scalable system architecture that protects the banksâ long-term IT investments.
NBS S.R.L is a highbred Business IT Consulting firm specialising in the highly necessary re-architecting and fundamental transformation of the Italian banking industry infrastructure. The company focuses on advising banks and other financial institutions in systems strategy and aligning business objectives with appropriate leading edge IT solutions. The company also provides an extensive range of business consultancy services essential for the successful evolution of the Italian banking sector. NBS S.R.L cooperates with a significant proportion of Italyâs financial institutions working closely with many other leading IT and Consultancy companies in the region. NBS S.R.L extends its portfolio of technology solutions while FinArch strengthens its presence in the Italian financial sector.
Nigel M Lee, Regional Head of Business Development at FinArch comments; âNBS S.R.L has considerable experience in the Italian banking environment and has a clear and focussed vision of how the banks need to evolve to remain competitive. With their specific knowledge and expertise in key areas such as Basel II and Financial MIS combined with the sophistication of our solutions our joint proposition is compelling and very appropriate for this moment in the development of Italian banking.â
Ezio Lavarino, President NBS S.R.L comments: âFinArch offers modern and widely implemented (more than 130 customers worldwide) solutions whose compatibility with emerging more stringent governance and management requirements makes them particularly attractive for the Italian banks. With the Financial Studio FRP platform, incorporating a very sophisticated data model and powerful set of calculation and analysis tools, banks can strengthen their existing governance and reporting systems by adopting an integrated solution. This supports a centralized data collection and business intelligence point, obtaining a positive return in internal efficiency through faster business production, while speeding up and improving confidence in the decision making process. With FinArchâs solutions, we further reinforce our value proposition in the functional and application area best suited to exploiting our own competencies and fully aligned with our intention of assisting the Bankâs Management in the achievement of business objectives by ensuring the compliance and affordability of the solutions in-line with the operational and managerial requirements.â