Belgium-based Financial Architects (FinArch) has secured 12 new customers for its regulatory reporting module FinReporter.
The contract wins coincide with upcoming ECB reporting regulations for banks.
Frédéric Simons, product manager, FinReporter, says a strong sales pipeline has helped the company buck the current downturn in financial market spending. He says the company is expecting to report a doubling in revenues and "sound profit margin" for 2002.