Ghent, September 9 2010. Financial Architects (FinArch), market leader in integrated reporting, finance and risk solutions for the financial services industry, announced that it took home the prestigious award ‘Lion of the Export’ during yesterday’s award ceremony in Brussels.

The ‘Lion of the Export’ is a prestigious annual award, organized by Flanders Investment and Trade, recognising Flemish companies that combine impressive export achievements with a durable and socially-involved strategy. FinArch emerged as the winner because of its continued, excellent positive export numbers, its solid export strategy, and because it embraces ethics and sustainability as business imperatives.  All of which is even more impressive given the difficult market conditions we all face.

Christ’l Joris, president of the jury, comments: “The management of FinArch has been very alert and focused, also in times of crisis. The company’s overall and export numbers are both extraordinary. FinArch can demonstrate a highly impressive growth pattern. The sustainability as such is inherent to the company. All the more reasons to appoint FinArch as ‘Lion of the Export’”.

Claire Tillekaerts, General Manager Flanders Investment & Trade, clarifies: "The ‘Lion of the Export’ will bring FinArch both national and international recognition among other things through Flanders Investment & Trade’s international network of 90 regional offices in the world’s major trading cities. In addition, by winning this award, through their outstanding performance, Financial Architects serves as a shining example for all Flemish export firms."

Dirk De Beule, CEO of Financial Architects, says: “Obviously we are very pleased to win this award. It confirms our export strategy, and honours the tremendous work of our people. We have grown rapidly and organically, and will continue to grow.” De Beule adds: “The recognition of our efforts by such a distinguished panel of judges is very flattering. This award further encourages us to remain focused on the delivery of the world’s premiere suite of integrated reporting, risk and finance solutions.”

About Financial Studio FRP Solution
Financial Studio, FinArch’s flagship, is the first fully integrated Finance Resource Planning (FRP) solution for banking and financial institutions. Financial Studio solves the specific needs of the finance sector and addresses all the factors involved in the convergence of risk management and accounting practices across all banking and financial disciplines.

Financial Studio’s ‘out-of-the-box’ functionality, with its highly customisable modules (IAS/IFRS, Liquidity Risk, ALM, Basel II, E-Cap, Compliance…) and scalable database, allows for rapid deployment of any sized project, from small local implementations to full-scale enterprise-wide solutions on a global basis. A suite of generic, or foundation, modules underpin the power and security of the Financial Studio FRP solution. These include an industry standard data model, highly flexible multi-dimensional reporting hierarchies, powerful archiving tools, audit trail and historical information management, and rule-based engines. Based on an open architecture, FinArch’s solutions allow for easily integrating with any existing banking IT systems, while easing the burden of regulatory reporting as it complies with the reporting requirements of central banks and monetary authorities all over the world.

 

Chief Executive Officer

 

Financial Architects NV
Verlorenbroodstraat 122
B-9820 Merelbeke
Belgium

tel: +32 9 272 6410
email: press.office@finarch.com

 

Bart Matheï
Chief Office Manager 
Flanders Investment & Trade
Gaucheretstraat 90
BE-1030 Brussels
Belgium 

tel: +32 2504 88 91
email: bart.mathei@fitagency.be

About Flanders Investment & Trade (FIT)
Flanders Investment & Trade is the government agency supporting home-based companies doing business abroad and foreign companies looking to set up or expand operations in Flanders, the northern region of Belgium.
http://www.flandersinvestmentandtrade.be

About FinArch
FinArch (Financial Architects nv), with offices in the major financial centers worldwide, is a global value leader in providing a new generation of financial management software. With its highly customisable modules and scalable database, Financial Studio brings together in a single application environment the tools banks need to manage, measure, and report all their financial activities. The integrated approach of the different modules (IAS/IFRS, Liquidity Risk, ALM, Basel II, E-Cap, Compliance…) guarantee economies of scale and ease of implementation. Chartis Research ranked FinArch as the winner of the ‘Risk and Finance Integration’ category in their annual report RiskTech100TM (2009).

FinArch provides a unique blend of domain expertise, operational services, and technology solutions that accelerate and facilitate financial institutions’ ambition to implement a cost effective and reliable financial management platform.
www.finarch.com
www.ifrsforbanks.com