Source: Financial Architects
Financial Architects (FinArch), international provider of a Finance Resource Planning (FRP) platform for the finance industry, today announced that CNH Financial Services, the bank of the group Case New Holland who provides retail financing services for both agricultural and construction equipment in Western Europe, selected the Financial Studio solution to comply with regulatory reporting requirements in Belgium.
CNH Financial Services officially launched its banking activities in the Belgian market last month and will be subject to the CBFA regulations. To comply, CNH Financial Services opted for FinArch's Financial Studio solution to provide the regulatory reporting as required by the Belgian regulators.
Since its inception, FinArch provides customers worldwide with local accurate and timely compliance and global consistency. FinArch offers solid international experience and best-of-breed regulatory reporting. The solution 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 IAS directives and Basel II requirements.
Frédéric Simons, VP Regional Development at FinArch comments: "This contract is one of many that we have signed during the last couple of months. We are pleased to welcome a global and professional company such as CNH Financial Services into FinArch's customer group. We see this success once more as a confirmation of our earned reputation for being a trustworthy business partner for financial management and reporting solutions for the finance industry. We will obviously continue doing our utmost to satisfy our customers' needs, and trust that we will able also with CNH Financial Services to build a mutually successful and long-term relationship."
Geert De Pauw, Country Manager CNH Financial Services in the Benelux says: "This contract give us the opportunity to tackle new commercial opportunities and to focus on our core business since we know that for reporting issues to the Belgian regulators we can rely on a well-known partner."