Sign In

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.


FinArch supports mobile payment company with compliance solution

Ghent - November 18 2009. Financial Architects (FinArch), international provider of a Finance Resource Planning (FRP) platform for the finance industry, today announced that the Belgian electronic payment issuer has implemented successfully Financial Studio Compliance to meet the local regulatory requirements. is a Belgian company, that offers solutions for mobile payments to financial institutions and mobile operators. As a provider of electronic money, is subject to reporting obligations to the Belgian regulator. To comply with these requirements, they selected Financial Studio. The functionalities, stability and ease of implementation of the solution as well as the professionalism of FinArch were the decisive factors in their choice.

Jean Zurstrassen, Chief Executive Officer and co-founder at says: ‘“For an ambitious company as, it is vital to have solutions that offer ease of use as well as flexibility. FinArch’s technology and scalability of their offering convinced us as it fits well in our growth plans.” “We also valued highly FinArch’s customer-driven professionalism: their experts really took the time to assess our needs and proposed the right solution for it.” Zurstrassen adds.

Siegfried Van Puyvelde, Customer Relationship Director at FinArch, states: “Obviously, FinArch is very proud to team up with It demonstrates our added value to the entire financial industry, from retail banks and private banks over investment banks and securities firms to players in the electronic payment industry. With our flexible and extensible solution, has selected the right provider to support their regulatory reporting and growth.”

FinArch’s Financial Studio Compliance solution enables banks and financial institutions to meet regulatory demands for stricter compliance, while gaining additional business benefits by improving reporting flows, improving return on IT investment, and turning compliance into a cost-saving exercise. The Financial Studio Compliance module offers standard and certified regulatory reporting functions, based on pre-defined reporting templates. It can be used as an integrated part of any Financial Studio solution or as a stand-alone module, meeting all compliance requirements for financial reporting in these key areas: Regulatory reporting, Basel II compliance reporting, Liquidity Risk Reporting, IFRS compliance reporting...

Financial Studio Compliance is integrated in FinArch’s Financial Studio FRP platform which embraces accounting, risk management, MIS and compliance solutions, and is used by numerous financial institutions worldwide. FinArch is also positioned as a leader in Gartner’s Magic Quadrant for Basel II software applications. In addition, FinArch has also been ranked as the winner of the ‘Risk and Finance Integration’ category in Chartis Research’s annual report RiskTech100TM (2009). The company’s focus coupled with a solution that can be scaled to meet broader corporate performance management, has thus been recognised by the global financial markets.

For more details, please contact:
Jean Zurstrassen
CEO Siegfried Van Puyvelde
Customer Relationship Director SA/NV
Chaussée de la Hulpe 187
B-1170 Brussels
Belgium Financial Architects NV
Verlorenbroodstraat 122
B-9820 Merelbeke

e-mail: tel: +32 9 272 64 10

About SA/NV is an electronic payment issuer founded in 2007. The activity of SA consists of the emission of payment instruments in the form of electronic money. is an organization authorized and regulated by the CBFA (Banking, Finance and Insurance Commission).

About Financial Architects (FinArch)

Financial Architects NV (FinArch), 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. With Financial Studio, FinArch has been ranked as the winner of the ‘Risk and Finance Integration’ category in Chartis Research’s 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.

Publisher Contact Information:

Financial Architects (FinArch)
+32 9 272 64 10

Company profile of FinArch (acquired by Wolters Kluwer Financial Services)
Past press releases of FinArch (acquired by Wolters Kluwer Financial Services).


Tech investments
From our Online Data Service
VC-backed companies
From our Radar

Recent Deals

Dec 4€3.3MNanotechnology
Dec 3€21.0MBusiness applications
Dec 2€7.0MDigital signal processing
Dec 2€7.4MBiotechnology
Nov 30€3.7MConsumer electronics
Nov 12€20.0MAgriculture related
Jan 17€13.0MArtificial Intelligence

For information on Europe's most extensive database on technology funding click here!


Press Releases

Sep 30
tetavi raises $6 million to help more companies bring 3d holograms ...

May 28
identiq raises $5m seed, launches privacy-first identity validation...

Apr 29
nethone raised over $1 million from innovation nest

Mar 31
the fit allocates chf 100'000 to comppair technologies

Jan 29
yumpingo raises $10m to transform guest experiences in restaurants

About usContact usLegal Information
Copyright © 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.