Two Major North American global banking groups implement FinArch’s Liquidity Risk Calculation and Reporting solution

New York/London - 29 September 2010

Financial Architects NV (FinArch), the leading provider of Finance Resource Planning (FRP), is pleased to announce that two of North America’s largest globally operational banks are implementing the Liquidity Risk Calculation and Reporting solution from the Financial Studio platform to meet all the requirements of the UK FSA’s liquidity risk regime.

Financial Studio was selected following an in depth analysis of solutions currently in the marketplace. FinArch was the only vendor able to demonstrate a fully functional solution providing Gap Analysis, flexible Stress Testing, a Fair Value Engine, Ratio Analysis, and a comprehensive Cash Flow Generation Engine. From these calculators the solution is then able to provide the full range of required regulatory reports together with fully customisable internal management reports.

Furthermore, FinArch demonstrated a very clear understanding of the Banks’ specific requirements. During an intensive proof of concept process the FinArch team showed why they are considered thought leaders in the field of integrated Finance and Risk Management.
FinArch’s Financial Studio Liquidity Risk Calculation and Reporting Framework is fully modular. For example, a bank may already be generating cash flows in which case these can be fed directly to the Simulation Engine to perform the required stress testing. Where all calculations are in place, the solution can be employed as a reporting layer to remove the resource heavy manual task of submission.
Financial Studio is also fully automated, flexible, and extensible. Whilst solving the immediate need for efficient and effective liquidity management Financial Studio is seen by the Bank as a platform for future growth and development offering fully integrated solutions for Accounting, Risk and Capital Management, Regulatory Reporting and MIS.

Peter Baldwin, Strategic Accounts Manager with FinArch states: “These new agreements are yet further endorsement of FinArch leading the way in Risk and Capital Management. Our focus is to assist banks not only to overcome the regulatory issues they face, but to help them evolve into healthier institutions with long term strategic outlooks, with efficient, high quality liquid assets. Financial Studio provides a clear understanding of the risk being carried, reliable and transparent bookkeeping, across all branches locally and globally from a single, integrated state-of-the-art solution.” Peter continues: “Our clients frequently tell us that the combination of our outstanding people with in-depth subject matter skills and a comprehensive strategic solution provides unbeatable value at a time when immediate return on investment balanced with demonstrable good governance is paramount.”

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