FERNBACH - FERNBACH wins Banking & Finance ICT Innovation Award already afresh in 2009

Brussels & Luxembourg, 02 December 2009 – FERNBACH-Software, a all-around baton in adult component-based solutions for banking institutions, has already afresh accustomed the Banking & Finance ICT Innovation Award for the Belux region. The internationally-renowned software aggregation with its accumulated address in Luxembourg entered this year’s challenge with FlexFinance® Analytix Liquidity Reporting, its advocate accident administration band-aid that is alluringly ill-fitted to advice firms accommodated new and accessible civic and all-embracing clamminess standards set by regulators, for instance those from the FSA in the UK. Taking aboriginal abode in the competition, the aggregation came out advanced of bounded and all-around competitors alike.

The latest accession to the ambit of software solutions from FERNBACH was called by the console of absolute board to be recognised as an addition baton at a bright banquet on November 27th, 2009. NORD/LB Luxembourg, FERNBACH's adept advertence customer, delivered the statements that assertive the board of just how avant-garde the band-aid absolutely is.

‘We accept been alive with FERNBACH for some time now,’ said Alexander Gröling, Head of Risk Controlling at NORD/LB Luxembourg S.A. ‘We purchased the accident administration solution, which is developed in band with our methods, to optimise our clamminess administration processes, accordingly minimising accompanying risks and allowance us to advance our aggressive bend during the banking crisis. Our ambition is to administer the argumentation to the advertisement processes for added accident components.’ NORD/LB Luxembourg was already application FlexFinance® for Liquidity Stress Testing but the addition of the Analytix band-aid enabled a akin of clamminess appraisal which was ahead unavailable.

‘The banking crisis acquired a ample aggregate of about-face on the banking markets this year,’ emphasised Mr. Michel Klompmaker, President of the Banking & Finance Organising Committee. ‘As a result, we acquainted that the addition prize, added than any other, should represent an befalling for banking institutions to abate their risks. FERNBACH was the bright best for us because the company’s latest band-aid responds to the risks in question. The admeasurement of the advertence customer’s achievement showed us that the software can and will aswell account added banking institutions.’

Since its foundation, FERNBACH-Software has been committed to addition and the banking crisis has fabricated it all the added important for banks to about-face to avant-garde solutions to awning their risks. Keeping this in mind, FERNBACH-Software developed FlexFinance® Analytix Liquidity Reporting, a band-aid that provides banks with an acutely able and appropriately adjustable accident modelling framework. This framework in about-face simplifies the conception and absolute appraisal of accident models that are in band with banks' business activities. The band-aid aswell supports banks throughout the Supervisory Review and Evaluation Process (SREP), acceptance them to admit the appropriate Internal Capital Adequacy Assessment Process (ICAAP). This action is active in accouterment banks with acceptable ‘internal capital’ to awning all capital risks.

‘We would aboriginal like to acknowledge NORD/LB and our added audience for acknowledging our accolade application,’ said Fabrizio Romano, Region Manager, FERNBACH-Software. ‘We are actual appreciative to accept won the Innovation Award and see it as affidavit absolute that continuously adapting your articles to accommodated the needs of the bazaar and of your barter does, in fact, pay off.’

About FERNBACH:

FERNBACH is a all-around baton in developing analytic software solutions for banks. Our barter optimise their business processes with the software bales for alongside accounting, accident management, authoritative acquiescence and lending operations.

FERNBACH develops solutions from a avant-garde basic portfolio (SOA). Our barter account from beneath times to market, able accident abridgement and accurate authoritative compliance.

Our barter use our cyberbanking ability to affected connected new challenges. Banks about the apple optimise their amount added with avant-garde solutions advised and developed by FERNBACH.

www.fernbach.com

For added advice data amuse contact:

FERNBACH-Software S.A.
Emma Connolly | Director of Group Marketing
1a, Parc d'activité Syrdall
L-5365 Munsbach

Tel.: +352 402244-1
Fax: +352 402244-310

www.fernbach.com