Market-leader Total Information Management (Tim) and Financial Architects (FinArch), a global provider of new generation financial management software, recently joined forces to cover the Philippine banking industry's ever growing requirements for accounting, finance, risk, and compliance reporting.
TIM has been a major IT provider for the banking sector since it was founded in 1985. This partnership with FinArch further strengthens its presence in the financial arena.
FinArch's integrated financial management platform, Financial Studio, addresses the financial industry's diverse business requirements, including the forthcoming Basel II Reporting environment. Based on open architecture, FinArch's solutions allow for an easy integration with existing IT systems of any bank while easing the burden of regulatory reporting as it complies with the reporting requirements of central banks and monetary authorities.
FinArch has been positioned by Gartner, as one of the leaders in the Magic Quadrant for Basel II software applications, in their report of November 2006.
Under the partnership agreement, TIM shall handle the sales, marketing, and implementation efforts within the Philippines. FinArch shall provide the necessary technical pre-sales and post-sales support for every customer engagement.
"FinArch's choice of TIM as its Philippine partner adds a feather to our cap of providing world-class banking solutions to the local market. Our current portfolio of solutions now raises the bar of our capability to meet any bank's mission-critical business requirement," says Jose Mari M. Antunez, President and CEO of TIM.
"The mission and vision applied by TIM create a strong synergy together with FinArch's business approach," says Nigel Lee, Vice President Global Sales and Business Development at FinArch. "Together we seek to provide integrated, state-of-the-art products and solutions that are tailored to the financial market's specific needs."