FinArch extends partner network in Southern Europe

Ghent/Milan - 18 January 2007

Partnership creates a powerful team to address the Italian financial market's specific challenges

Financial Architects (FinArch), international provider of Finance Resource Planning (FRP) platform for the finance industry, today announced a strategic business partnership with Sinelinea, an Italian provider of tailored solutions and services for financial organisations.

The collaboration between Sinelinea and FinArch offers a unique package of superb financial specialists coupled with the most comprehensive financial management package Financial Studio, which meets the Italian banking market's needs. Under the agreement Sinelinea locally supports the sales and marketing efforts on FinArch's integrated financial management platform Financial Studio, and acts as implementation partner for FinArch's solutions. With this partnership, Sinelinea reinforces its traditional offering for financial organisations in Italy. FinArch at their end broaden their presence in Southern Europe.

Sinelinea is a company focused on a single paradigm for the financial services marketplace - Processes, Products, Projects. Communicating with clients in their own language, understanding their business Processes, sourcing the right international Software Product to best match their business needs and implementing it in a flawless Project. The company is built around a core group of executives from blue chip international IT businesses all with long experience in Financial Services.

FinArch's Financial Studio addresses the finance industry's specific requirements for accounting, finance, risk and reporting. Based on an open architecture, FinArch's solutions allow for an easy integration with the banks' IT systems. The ability of Financial Studio to provide business benefit as well as compliance through an enterprise wide platform for finance and risk management is a key factor for many banks to decide to invest in the platform.
David Mullens, Sinelinea CEO comments "Sinelinea is delighted to be associated with FinArch. We are convinced that the combination of FinArch's sophisticated solutions and Sinelinea's ability to manage multinational projects in Financial Services will provide real benefits to our Italian customers who well recognise the need to be up there with their international competitors."

Nigel Lee, VP Global Business Development at FinArch says "The finance industry is the market we serve. Particularly for the Italian market both Sinelinea and FinArch apply a consistent approach and consequently, as partners, we seek to jointly provide integrated, state-of-the-art products and solutions that are tailored to the Italian financial markets' specific needs. Together with Sinelinea, FinArch will provide a strategic platform through which the local bankers' challenges can be met and leveraged and from which competitive advantage can be derived."

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