Mizuho deploys FinArch reporting tool at Brussels branch

Source: FinArch

Financial Architects (FinArch), international provider of a Finance Resource Planning (FRP) platform for the finance industry, today announced that Mizuho Corporate Bank selected Financial Studio to comply with regulatory reporting requirements.

The Brussels' branch of Mizuho Corporate Bank was opened in July 2006. While Mizuho Corporate Bank has been providing support and services to its customers in Belgium through its head office in Amsterdam, the opening of the Brussels Branch enables Mizuho to provide more community-based services to their customers headquartered in Belgium. Regulatory reporting requirements for its Belgian operations are handled from head office in Amsterdam, with FinArch's Financial Studio solution.

FinArch provides customers worldwide with local and global accurate and timely compliance and consistency, based on its solid international experience and best-of-breed regulatory reporting. Financial Studio eases the burden of regulatory reporting for financial institutions as it complies with the reporting requirements of central banks, monetary authorities, and other financial regulators in multiple countries, as well as with the global IAS directives and Basel II requirements.

"We are obviously very pleased to have a prestigious company such as Mizuho Corporate Bank selecting FinArch's solutions," says Frédéric Simons, VP Regional Development at FinArch. "The selection and implementation process has run very swiftly, and we are quite proud to have managed to get Mizuho Corporate Bank operational in such a very short time frame. We trust this way we have been able to confirm the bank's confidence in our company and in our solutions. We have made a good head start for a mutually fruitful long-term relationship."

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