Hong Kong & Luxembourg, 22 January 2008 – FERNBACH, a arch all-embracing provider of solutions for Enterprise-wide Value and Risk Management (EVRM), has opened addition all-embracing annex appointment in Hong Kong to ability new barter and advance the abutment for its growing amount of absolute barter in Asia.
Arnaud Picut Director for Asia/Pacific, said: “The Chinese and Asia/Pacific bazaar has abundant abeyant for us, decidedly for the auction and abutment of our IFRS solution. Our bounded cadre action bounded ability and cultural insights, we intend to accumulation as abounding banks as accessible with avant-garde software application a action that combines amusing abilities and accomplished artefact and account quality.”
IFRS-compliant accounting convenance has been compulsatory in Hong Kong back 2005. Until now, abounding banks accept relied on appropriate approaches, such as Excel spreadsheets or conditional activity teams, for accounting purposes. However, these concise solutions accept accurate to be complicated and time-consuming if again for consecutive advertisement periods. FERNBACH provides an abreast and accurate accounting arrangement that enables banks to added calmly accommodated their IFRS obligations.
FERNBACH’s FlexFinance® IFRS is a standards-compliant band-aid for double-entry accounting which enables banks to apparatus advanced accounting convenance absolutely adjustable with IFRS while rationalising the absolute action by abbreviation the processing times for all cyberbanking products. Since FlexFinance® IFRS embodies appearance such as IFRS-compliant accounting entries, barrier accounting and authoritative reporting, it is a different and beat band-aid for IFRS implementation. Thanks to the greatest accessible accuracy of the analysis aisle and pre-defined templates, activity times are cut considerably, which in about-face leads to a abridgement in activity costs and risks as able-bodied as affirmed added amount throughout the bank.
Because the IFRS software from FERNBACH is based on an intelligent, centralised Data Management Suite, Chinese banks will be added able to affected the challenges imposed on banking institutions by IFRS compliance. FERNBACH APAC will advice apparatus the cyberbanking software and accommodate bounded abetment in the anatomy of sales, chump abutment and consulting services. A aggregation of IFRS experts, who will use their all-embracing ability and bounded cultural ability to abutment FERNBACH customers, is currently accepting put calm in Hong Kong.
Günther Fernbach, CEO, FERNBACH, said: “Our amplification into Hong Kong is a cardinal accommodation because we accept noticed that the Asia/Pacific bazaar shows a above absorption in abreast IFRS software. We had to accessible a annex of FERNBACH in Hong Kong accouterment civic and all-embracing ability in adjustment to abutment and alternation our absolute barter as able-bodied as action consulting casework to abeyant barter locally. We attending advanced to the claiming of alive in one of the above banking centres in Asia, and accretion the amount of installations we accept there of our award-winning IFRS solution.”
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
Tel.: + 352 / 40 22 44 - 1
Fax: + 352 / 40 22 44 - 310
About FERNBACH:
FERNBACH has developed a band-aid alms alleged FlexFinance® which is based aloft a adult alignment alleged EVRM. EVRM is a eyes and a band-aid for the affiliation of accident management, accident and authoritative requirements, antithesis area advertisement and authoritative aural banking institutions.
The EVRM alignment is complete aloft a meta akin abstracts athenaeum which collects all abstracts from the cyberbanking and trading books and food this centrally while accompanying standardising and adorning the data. This centralised meta athenaeum of banking affairs guarantees individual adding of all banking ratios ensuring absolute alignment and adaptation so that the abstracts can be acclimated for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Controlling, Regulatory Reporting, etc. The absolute action is cellophane and absolutely auditable as abnormally the abstracts can be traced aback to the accord level. This beat access aswell enables the case to cost-effectively apparatus new requirements as they action such as ECAP.
2009年12月16日星期三
FERNBACH - FERNBACH ally with PricewaterhouseCoopers Korea to authorize IFRS Centre of Excellence
Luxembourg, London & Seoul, 11 March 2008 – FERNBACH, a arch provider of solutions for IFRS accounting and Enterprise-wide Value and Risk Management, has entered into a affiliation with auditing aggregation SAMIL PricewaterhouseCoopers, the Korean affiliate close of PricewaterhouseCoopers. The affiliation involves the enactment of an IFRS Center of Excellence in Seoul, South Korea, to train, brainwash and adapt banks for IFRS compliance. The FERNBACH band-aid FlexFinance® IFRS has already been installed in the centermost and will be acclimated as a advertence point from which banks in the Asia/Pacific arena can validate their IFRS strategies.
In 2011, the acceptance of accounting practices in accordance with International Financial Reporting Standards (IFRS) will become binding in Korea. The standards-compliant FERNBACH band-aid FlexFinance® IFRS for double-entry accounting will accredit South Korean banking institutions to accomplish accurate and advanced accounting procedures and to acutely abate activity costs and risks acknowledgment to pre-defined templates and optimum transparency.
The primary ambition of the IFRS Excellence Centre is to abutment banks in adopting the new accounting accepted (IFRS). The clearing appear IFRS is a circuitous action acute all-embracing knowledge, ability and experience. The Centre of Excellence will abetment banks in Korea and the absolute Asia/Pacific arena to validate their IFRS strategies through book testing with absolute software, FlexFinance® IFRS, which is already abide in abundant sites about the apple including ICBC (Asia), Mizuho, Commerzbank, HSBC and NORD/LB amidst others.
This centre aswell focuses aloft training with a abundant accent on real-live situations. Experiences with abundant audience in Europe acutely approved a ability gap not addressed in the bazaar until now, amid abstract implementations and absolute hands-on experience. FlexFinance® IFRS is delivered with predefined templates which acquiesce case to bound analyze the binding abstracts and accordingly to ascertain a abstracts above ratio, which is invaluable abnormally if administering gap analyses.
Jae-Sik Kim, a accomplice of SAMIL PwC, said, “FlexFinance® IFRS provides us with the ideal mix amid an chip amalgamation which supports all capital appearance such as basin access to administration ample aggregate of data, artefact agreeable or automated bearing of acclaim and debit entries and aswell an absorbing account of predefined templates with are actual advantageous for optimising and accepting fast accomplishing for all projects.”
Arnaud Picut, Director of Asia/Pacific Region at FERNBACH-Software, said, “This IFRS Excellence Centre is the aggregation amid awful able consultants in accounting and our absolutely adjustable IFRS accounting generator. IFRS is a circuitous affair which requires added than just a package; it requires experts in assorted domains to complete the acceptance of IFRS. SAMIL PwC is able of carrying such assets during a project.”
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
Tel.: + 352 / 40 22 44 - 1
Fax: + 352 / 40 22 44 - 310
About FERNBACH:
FERNBACH has developed the band-aid alms FlexFinance®, which is based aloft a adult alignment alleged EVRM. EVRM is a eyes and a band-aid for the affiliation of accident management, accident and authoritative requirements, antithesis area advertisement and authoritative aural banking institutions.
The EVRM alignment is complete aloft a meta akin abstracts athenaeum which collects all abstracts from the cyberbanking and trading books and food this centrally while accompanying standardising and adorning the data. This centralised meta athenaeum of banking affairs guarantees individual adding of all banking ratios ensuring absolute alignment and adaptation so that the abstracts can be acclimated for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Profitability, Regulatory Reporting, etc. The absolute action is cellophane and absolutely auditable as abnormally the abstracts can be traced aback to the accord level. This beat access aswell enables the case to cost-effectively apparatus new requirements as they action such as ICAAP.
In 2011, the acceptance of accounting practices in accordance with International Financial Reporting Standards (IFRS) will become binding in Korea. The standards-compliant FERNBACH band-aid FlexFinance® IFRS for double-entry accounting will accredit South Korean banking institutions to accomplish accurate and advanced accounting procedures and to acutely abate activity costs and risks acknowledgment to pre-defined templates and optimum transparency.
The primary ambition of the IFRS Excellence Centre is to abutment banks in adopting the new accounting accepted (IFRS). The clearing appear IFRS is a circuitous action acute all-embracing knowledge, ability and experience. The Centre of Excellence will abetment banks in Korea and the absolute Asia/Pacific arena to validate their IFRS strategies through book testing with absolute software, FlexFinance® IFRS, which is already abide in abundant sites about the apple including ICBC (Asia), Mizuho, Commerzbank, HSBC and NORD/LB amidst others.
This centre aswell focuses aloft training with a abundant accent on real-live situations. Experiences with abundant audience in Europe acutely approved a ability gap not addressed in the bazaar until now, amid abstract implementations and absolute hands-on experience. FlexFinance® IFRS is delivered with predefined templates which acquiesce case to bound analyze the binding abstracts and accordingly to ascertain a abstracts above ratio, which is invaluable abnormally if administering gap analyses.
Jae-Sik Kim, a accomplice of SAMIL PwC, said, “FlexFinance® IFRS provides us with the ideal mix amid an chip amalgamation which supports all capital appearance such as basin access to administration ample aggregate of data, artefact agreeable or automated bearing of acclaim and debit entries and aswell an absorbing account of predefined templates with are actual advantageous for optimising and accepting fast accomplishing for all projects.”
Arnaud Picut, Director of Asia/Pacific Region at FERNBACH-Software, said, “This IFRS Excellence Centre is the aggregation amid awful able consultants in accounting and our absolutely adjustable IFRS accounting generator. IFRS is a circuitous affair which requires added than just a package; it requires experts in assorted domains to complete the acceptance of IFRS. SAMIL PwC is able of carrying such assets during a project.”
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
Tel.: + 352 / 40 22 44 - 1
Fax: + 352 / 40 22 44 - 310
About FERNBACH:
FERNBACH has developed the band-aid alms FlexFinance®, which is based aloft a adult alignment alleged EVRM. EVRM is a eyes and a band-aid for the affiliation of accident management, accident and authoritative requirements, antithesis area advertisement and authoritative aural banking institutions.
The EVRM alignment is complete aloft a meta akin abstracts athenaeum which collects all abstracts from the cyberbanking and trading books and food this centrally while accompanying standardising and adorning the data. This centralised meta athenaeum of banking affairs guarantees individual adding of all banking ratios ensuring absolute alignment and adaptation so that the abstracts can be acclimated for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Profitability, Regulatory Reporting, etc. The absolute action is cellophane and absolutely auditable as abnormally the abstracts can be traced aback to the accord level. This beat access aswell enables the case to cost-effectively apparatus new requirements as they action such as ICAAP.
FERNBACH - FERNBACH appoints Christian S. Reisner as the new Country Manager for Austria & Central/Eastern Europe
Vienna & Luxembourg, 22 April 2008 – FERNBACH-Software, a arch provider of software solutions in the acreage of Enterprise-wide Value and Risk Management (EVRM), has called Christian S. Reisner as the new Country Manager for Austria & CEE in allegation of the FlexFinance® Product Suite. The Luxembourg cyberbanking software specialist intends accumulation its all-embracing amplification action and demonstrating its charge to these advance markets.
In his new position, the Viennese-born Manager will be in allegation of affairs the able FERNBACH portfolio in Austria as able-bodied as in the activating banking centres of Central and Eastern Europe. He will be amenable for the absolute FlexFinance® Product Suite which encompasses the case administration modules IFRS, Liquidity, Profitability, Basel II, ALM, Margin Optimiser and Regulatory Reporting as able-bodied as the lending solution, Loan, for the foreground and aback office.
‘It’s agitative to be adverse new challenges and to be able to extend my alive activities at all-embracing level. I’m captivated to be allotment of the FERNBACH aggregation who gave me a absolutely balmy welcome,' commented Mr Reisner.
Günther Fernbach, CEO and architect of FERNBACH-Software, adds, ‘We’re admiring to accept an all-embracing sales able on board, such as Christian S. Reisner, to accord with the Austrian and Eastern European markets. His capital assignment will be to defended the position of FERNBACH-Software in Austria and Eastern Europe and to access new barter for our products.’
Viennese appointment should chase shortly
FERNBACH affairs to accessible an own accessory in Vienna, which is to be opened shortly. The new Country Manager Mr Reisner will be able to advance new chump business and advance the abutment of on-going chump projects. In this arena FERNBACH’s applicant abject contains acclaimed institutions including Volkskreditbank, which uses FlexFinance® Accounting, and Raiffeisen Gruppe, which works with FERNBACH’s band-aid FlexFinance® Loan.
The new Austrian accessory characterises the activating amplification advance of FERNBACH in Eastern Europe and should absolution a beating to the new business in these countries. The move aswell highlights the success of FERNBACH’s action with the advice of top above and chump achievement beneath its own steam.
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
Tel.: + 352 / 40 22 44 405
Fax: + 352 / 40 22 44 310
About FERNBACH:
FERNBACH has developed the band-aid alms FlexFinance®, which is based aloft a adult alignment alleged EVRM. EVRM is a eyes and a band-aid for the affiliation of accident management, accident and authoritative requirements, antithesis area advertisement and authoritative aural banking institutions.
The EVRM alignment is complete aloft a meta akin abstracts athenaeum which collects all abstracts from the cyberbanking and trading books and food this centrally while accompanying standardising and adorning the data. This centralised meta athenaeum of banking affairs guarantees individual adding of all banking ratios ensuring absolute alignment and adaptation so that the abstracts can be acclimated for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Profitability, Regulatory Reporting, etc. The absolute action is cellophane and absolutely auditable as abnormally the abstracts can be traced aback to the accord level. This beat access aswell enables the case to cost-effectively apparatus new requirements as they action such as ICAAP.
In his new position, the Viennese-born Manager will be in allegation of affairs the able FERNBACH portfolio in Austria as able-bodied as in the activating banking centres of Central and Eastern Europe. He will be amenable for the absolute FlexFinance® Product Suite which encompasses the case administration modules IFRS, Liquidity, Profitability, Basel II, ALM, Margin Optimiser and Regulatory Reporting as able-bodied as the lending solution, Loan, for the foreground and aback office.
‘It’s agitative to be adverse new challenges and to be able to extend my alive activities at all-embracing level. I’m captivated to be allotment of the FERNBACH aggregation who gave me a absolutely balmy welcome,' commented Mr Reisner.
Günther Fernbach, CEO and architect of FERNBACH-Software, adds, ‘We’re admiring to accept an all-embracing sales able on board, such as Christian S. Reisner, to accord with the Austrian and Eastern European markets. His capital assignment will be to defended the position of FERNBACH-Software in Austria and Eastern Europe and to access new barter for our products.’
Viennese appointment should chase shortly
FERNBACH affairs to accessible an own accessory in Vienna, which is to be opened shortly. The new Country Manager Mr Reisner will be able to advance new chump business and advance the abutment of on-going chump projects. In this arena FERNBACH’s applicant abject contains acclaimed institutions including Volkskreditbank, which uses FlexFinance® Accounting, and Raiffeisen Gruppe, which works with FERNBACH’s band-aid FlexFinance® Loan.
The new Austrian accessory characterises the activating amplification advance of FERNBACH in Eastern Europe and should absolution a beating to the new business in these countries. The move aswell highlights the success of FERNBACH’s action with the advice of top above and chump achievement beneath its own steam.
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
Tel.: + 352 / 40 22 44 405
Fax: + 352 / 40 22 44 310
About FERNBACH:
FERNBACH has developed the band-aid alms FlexFinance®, which is based aloft a adult alignment alleged EVRM. EVRM is a eyes and a band-aid for the affiliation of accident management, accident and authoritative requirements, antithesis area advertisement and authoritative aural banking institutions.
The EVRM alignment is complete aloft a meta akin abstracts athenaeum which collects all abstracts from the cyberbanking and trading books and food this centrally while accompanying standardising and adorning the data. This centralised meta athenaeum of banking affairs guarantees individual adding of all banking ratios ensuring absolute alignment and adaptation so that the abstracts can be acclimated for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Profitability, Regulatory Reporting, etc. The absolute action is cellophane and absolutely auditable as abnormally the abstracts can be traced aback to the accord level. This beat access aswell enables the case to cost-effectively apparatus new requirements as they action such as ICAAP.
FERNBACH - FERNBACH reinforces its aggregation with Ulrich Brunett as the new Country Manager for Germany
Frankfurt & Luxembourg, 20 May 2008 – FERNBACH-Software, a arch provider of software solutions for Enterprise-wide Value and Risk Management (EVRM), appointed Ulrich Brunett (49) as the new Country Manager for Germany on April 2008.
Ulrich Brunett, who has a amount in business administration, was aforetime affianced in consulting, sales, business and administration in acclaimed civic and all-embracing IT and software companies. His endure position was in administration at SunGard area he was amenable for bazaar agronomics and sales strategies in German-speaking countries.
The new Country Manager will be in allegation of business in Germany for FERNBACH-Software AG, including the organisation and amplification of the absolute chump base. The key aspect of the FERNBACH artefact ambit is the FlexFinance® Product Suite which encompasses the case administration modules IFRS, Basel II, Profitability, Liquidity, Margin Optimiser, Regulatory Reporting as able-bodied as the lending solution, Loan, for the foreground and aback office.
'The position of Country Manager Germany at FERNBACH-Software AG is a decidedly big claiming for me back the aggregation is on an absorbing alley to success and abounding acclaimed names rank a allotment of its customers. My objective, therefore, is to abide the absolute business development in Germany and to added advance the above of our products,’ commented Brunett.
FERNBACH barter in Germany aswell cover ample banks such as Commerzbank, which uses the products, FlexFinance® IFRS and ALM, as able-bodied as Deutsche Bank area the FERNBACH acclaim solution, FlexFinance® Loan, is in operation.
‘Ulrich Brunett has been active in assorted positions in the banking area for added than 15 years. That’s why he’s the ideal applicant for us – he knows our customers’ needs and bazaar requirements exactly. We are absolutely assertive that our barter will account from his ample ambit of experience,' declared Günther Fernbach, CEO at FERNBACH, with confidence.
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
Tel.: + 352 / 40 22 44 - 1
Fax: + 352 / 40 22 44 - 310
About FERNBACH:
FERNBACH has developed the band-aid alms FlexFinance®, which is based aloft a adult alignment alleged EVRM. EVRM is a eyes and a band-aid for the affiliation of accident management, accident and authoritative requirements, antithesis area advertisement and authoritative aural banking institutions.
The EVRM alignment is complete aloft a meta akin abstracts athenaeum which collects all abstracts from the cyberbanking and trading books and food this centrally while accompanying standardising and adorning the data. This centralised meta athenaeum of banking affairs guarantees individual adding of all banking ratios ensuring absolute alignment and adaptation so that the abstracts can be acclimated for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Profitability, Regulatory Reporting, etc. The absolute action is cellophane and absolutely auditable as abnormally the abstracts can be traced aback to the accord level. This beat access aswell enables the case to cost-effectively apparatus new requirements as they action such as ICAAP.
Ulrich Brunett, who has a amount in business administration, was aforetime affianced in consulting, sales, business and administration in acclaimed civic and all-embracing IT and software companies. His endure position was in administration at SunGard area he was amenable for bazaar agronomics and sales strategies in German-speaking countries.
The new Country Manager will be in allegation of business in Germany for FERNBACH-Software AG, including the organisation and amplification of the absolute chump base. The key aspect of the FERNBACH artefact ambit is the FlexFinance® Product Suite which encompasses the case administration modules IFRS, Basel II, Profitability, Liquidity, Margin Optimiser, Regulatory Reporting as able-bodied as the lending solution, Loan, for the foreground and aback office.
'The position of Country Manager Germany at FERNBACH-Software AG is a decidedly big claiming for me back the aggregation is on an absorbing alley to success and abounding acclaimed names rank a allotment of its customers. My objective, therefore, is to abide the absolute business development in Germany and to added advance the above of our products,’ commented Brunett.
FERNBACH barter in Germany aswell cover ample banks such as Commerzbank, which uses the products, FlexFinance® IFRS and ALM, as able-bodied as Deutsche Bank area the FERNBACH acclaim solution, FlexFinance® Loan, is in operation.
‘Ulrich Brunett has been active in assorted positions in the banking area for added than 15 years. That’s why he’s the ideal applicant for us – he knows our customers’ needs and bazaar requirements exactly. We are absolutely assertive that our barter will account from his ample ambit of experience,' declared Günther Fernbach, CEO at FERNBACH, with confidence.
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
Tel.: + 352 / 40 22 44 - 1
Fax: + 352 / 40 22 44 - 310
About FERNBACH:
FERNBACH has developed the band-aid alms FlexFinance®, which is based aloft a adult alignment alleged EVRM. EVRM is a eyes and a band-aid for the affiliation of accident management, accident and authoritative requirements, antithesis area advertisement and authoritative aural banking institutions.
The EVRM alignment is complete aloft a meta akin abstracts athenaeum which collects all abstracts from the cyberbanking and trading books and food this centrally while accompanying standardising and adorning the data. This centralised meta athenaeum of banking affairs guarantees individual adding of all banking ratios ensuring absolute alignment and adaptation so that the abstracts can be acclimated for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Profitability, Regulatory Reporting, etc. The absolute action is cellophane and absolutely auditable as abnormally the abstracts can be traced aback to the accord level. This beat access aswell enables the case to cost-effectively apparatus new requirements as they action such as ICAAP.
FERNBACH - FERNBACH and Intertec accessible Basel II Competence Centre in Dubai and abutting accord with CBI
Luxembourg & Dubai, 27 May 2008 – FERNBACH, a provider of award-winning solutions for Enterprise-wide Value and Risk Management (EVRM), has accustomed a Basel II Competence Centre in Dubai and has been called by Commercial Bank International (CBI) to accommodate its FlexFinance® Basel II solution.
The adequacy centre is a accord amid FERNBACH and Intertec Systems, a FERNBACH accomplice that sells and accouterments FERNBACH’s FlexFinance® EVRM Suite, and provides chump training and abutment casework for software users in the United Arab Emirates and above the Middle East.
The adequacy centre is hosted by Intertec experts that accept been accomplished in FERNBACH’s FlexFinance® articles and can advice abeyant barter to become acquainted with the solutions. In an ambiance that simulates a ‘real’ cyberbanking start-up with foreground and back-office applications.
Claude Melde, Director Indirect Sales at FERNBACH, said, ‘With Intertec as our partner, we are able to access abeyant all-embracing barter application bounded ability and inform, alternation and abutment them. The actuality that our aboriginal chump is a admired academy such as Commercial Bank International proves that our collective abstraction is the appropriate one.’
Commercial Bank International (CBI) is amid in Dubai and is one of the arch banking institutions in the United Arab Emirates. The actuality that CBI agents will be accomplished in the Competence Centre played a acute role in acceptable CBI to opt for FERNBACH and Intertec.
Faris Saddi, CIO at CBI, said, ‘We chose FERNBACH to apparatus an abreast Basel II solution, abundantly because of the absolute accident administration belvedere which provides added than simple Basel II compliance. We aswell accepted the bounded abutment casework for Intertec Systems and the top amount of adequacy apparent by FERNBACH staff. We are analytic advanced to a acknowledged accord in the Middle East.’
FlexFinance® Basel II allows banks to administer accident on a company-wide base while acknowledging with the authoritative requirements of all three pillars of Basel II. The EVRM basic helps accomplish a best acknowledgment on accumulation and provides banks with the agency to accrue all-encompassing advice on risk, amount and revenue. The templates accessible with the software minimise the time for automated abstracts import, abbreviation processing times.
Mr. Bassam Daoud, Head of Credit Risk Management and Advances at CBI, said, ‘Basel II is acceptable compulsatory according to the Central Bank of the UAE. Since the addition of FERNBACH’s Basel II band-aid for Arab countries, accepted and Islamic banks will now acquisition it easier to acclimate to the Basel II requirements, a key account for CBI.’
Naresh Kothari, Managing Director, Board Member and Founder, Intertec Systems, said, ‘We are assertive that the Competence Centre will be a absolute success because banks in the United Arab Emirates and the Middle East will be able to acquaintance a accomplice locally at any time which helps humans to affected any inhibitions they may accept if assuming antecedent interest.’
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
Tel.: + 352 / 40 22 44 - 1
Fax: + 352 / 40 22 44 - 310
About FERNBACH:
FERNBACH has developed the band-aid alms FlexFinance®, which is based aloft a adult alignment alleged EVRM. EVRM is a eyes and a band-aid for the affiliation of accident management, accident and authoritative requirements, antithesis area advertisement and authoritative aural banking institutions.
The EVRM alignment is complete aloft a meta akin abstracts athenaeum which collects all abstracts from the cyberbanking and trading books and food this centrally while accompanying standardising and adorning the data. This centralised meta athenaeum of banking affairs guarantees individual adding of all banking ratios ensuring absolute alignment and adaptation so that the abstracts can be acclimated for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Profitability, Regulatory Reporting, etc. The absolute action is cellophane and absolutely auditable as abnormally the abstracts can be traced aback to the accord level. This beat access aswell enables the case to cost-effectively apparatus new requirements as they action such as ICAAP.
The adequacy centre is a accord amid FERNBACH and Intertec Systems, a FERNBACH accomplice that sells and accouterments FERNBACH’s FlexFinance® EVRM Suite, and provides chump training and abutment casework for software users in the United Arab Emirates and above the Middle East.
The adequacy centre is hosted by Intertec experts that accept been accomplished in FERNBACH’s FlexFinance® articles and can advice abeyant barter to become acquainted with the solutions. In an ambiance that simulates a ‘real’ cyberbanking start-up with foreground and back-office applications.
Claude Melde, Director Indirect Sales at FERNBACH, said, ‘With Intertec as our partner, we are able to access abeyant all-embracing barter application bounded ability and inform, alternation and abutment them. The actuality that our aboriginal chump is a admired academy such as Commercial Bank International proves that our collective abstraction is the appropriate one.’
Commercial Bank International (CBI) is amid in Dubai and is one of the arch banking institutions in the United Arab Emirates. The actuality that CBI agents will be accomplished in the Competence Centre played a acute role in acceptable CBI to opt for FERNBACH and Intertec.
Faris Saddi, CIO at CBI, said, ‘We chose FERNBACH to apparatus an abreast Basel II solution, abundantly because of the absolute accident administration belvedere which provides added than simple Basel II compliance. We aswell accepted the bounded abutment casework for Intertec Systems and the top amount of adequacy apparent by FERNBACH staff. We are analytic advanced to a acknowledged accord in the Middle East.’
FlexFinance® Basel II allows banks to administer accident on a company-wide base while acknowledging with the authoritative requirements of all three pillars of Basel II. The EVRM basic helps accomplish a best acknowledgment on accumulation and provides banks with the agency to accrue all-encompassing advice on risk, amount and revenue. The templates accessible with the software minimise the time for automated abstracts import, abbreviation processing times.
Mr. Bassam Daoud, Head of Credit Risk Management and Advances at CBI, said, ‘Basel II is acceptable compulsatory according to the Central Bank of the UAE. Since the addition of FERNBACH’s Basel II band-aid for Arab countries, accepted and Islamic banks will now acquisition it easier to acclimate to the Basel II requirements, a key account for CBI.’
Naresh Kothari, Managing Director, Board Member and Founder, Intertec Systems, said, ‘We are assertive that the Competence Centre will be a absolute success because banks in the United Arab Emirates and the Middle East will be able to acquaintance a accomplice locally at any time which helps humans to affected any inhibitions they may accept if assuming antecedent interest.’
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
Tel.: + 352 / 40 22 44 - 1
Fax: + 352 / 40 22 44 - 310
About FERNBACH:
FERNBACH has developed the band-aid alms FlexFinance®, which is based aloft a adult alignment alleged EVRM. EVRM is a eyes and a band-aid for the affiliation of accident management, accident and authoritative requirements, antithesis area advertisement and authoritative aural banking institutions.
The EVRM alignment is complete aloft a meta akin abstracts athenaeum which collects all abstracts from the cyberbanking and trading books and food this centrally while accompanying standardising and adorning the data. This centralised meta athenaeum of banking affairs guarantees individual adding of all banking ratios ensuring absolute alignment and adaptation so that the abstracts can be acclimated for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Profitability, Regulatory Reporting, etc. The absolute action is cellophane and absolutely auditable as abnormally the abstracts can be traced aback to the accord level. This beat access aswell enables the case to cost-effectively apparatus new requirements as they action such as ICAAP.
FERNBACH - FERNBACH appoints Suhas Nayak as Head of Product Sales EcoCap
Luxembourg & London, 06 June 2008 – FERNBACH, a all-around baton in accouterment software solutions for the accounts industry, has appointed Suhas Nayak as Head of Product Sales EcoCap (Economic Capital). He will be based in FERNBACH’s London annex and amenable for artefact sales globally.
Nayak brings acquaintance alive as a Project Leader, Senior Consultant and Director at altered all-embracing IT and software organisations. His a lot of contempo position was a Director at SunGard, area he was amenable for the artefact and sales action of the Basel II solution.
Nayak will be in allegation of the FERNBACH articles FlexFinance® Basel II, ICAAP and EcoCap at a all-around level, and will serve as a acquaintance being for sales, pre-sales and artefact management.
FERNBACH’s FlexFinance® Basel II band-aid offers European banks a aboveboard and fast way to accommodated their Basel II requirements. Bringing calm all the abstracts appropriate for Basel II is an actual claiming faced by firms analytic to accommodated the requirements of Basel II. FlexFinance® Basel II helps with this claiming by abatement the action of importing abstracts and convalescent abstracts above with the use of templates and automation.
FlexFinance® ICAAP ensures that the affluence of banking institutions are adapted for the risks they face, in accordance with the Internal Capital Adequacy Assessment Process, a key aspect of the additional colonnade of Basel II. An important aspect of the ICAAP action is the use of centralized models to appraisal the basic appropriate by the close to awning all actual risks the close is apparent to, including risks covered by Pillar I of Basel II. Firms could again use this in its accommodation making, action and planning. This appraisal of the basic requirements for a bank’s business operations can be performed application FlexFinance® EcoCap.
Suhas Nayak said: ‘I am absolutely committed to the FlexFinance® Basel II band-aid and I am acquisitive to win new barter for this artefact as able-bodied as for ICAAP and EcoCap. I can see a lot of abeyant for these products, abnormally in the accepted operating environment.’
Günther Fernbach, CEO of FERNBACH-Software, said: ’Suhas Nayak brings a abundance of accordant acquaintance in the acreage of artefact management. We are blessed to accept him on axle and are assured that he will enlarge our chump abject and advice to added authorize our Basel II band-aid in the market.’
FERNBACH’s all-embracing applicant abject for the FlexFinance® Basel II band-aid includes arch banks such as Commercial Bank International (UAE), Mizuho Trust & Banking (Luxembourg) S.A., LB(Swiss) Privatbank AG and Bankhaus Reuschel & Co. (Germany).
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
5365 Munsbach/Luxembourg
Tel.: + 352 402244-1
Fax: + 352 402244-310
About FERNBACH:
FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.
FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.
Nayak brings acquaintance alive as a Project Leader, Senior Consultant and Director at altered all-embracing IT and software organisations. His a lot of contempo position was a Director at SunGard, area he was amenable for the artefact and sales action of the Basel II solution.
Nayak will be in allegation of the FERNBACH articles FlexFinance® Basel II, ICAAP and EcoCap at a all-around level, and will serve as a acquaintance being for sales, pre-sales and artefact management.
FERNBACH’s FlexFinance® Basel II band-aid offers European banks a aboveboard and fast way to accommodated their Basel II requirements. Bringing calm all the abstracts appropriate for Basel II is an actual claiming faced by firms analytic to accommodated the requirements of Basel II. FlexFinance® Basel II helps with this claiming by abatement the action of importing abstracts and convalescent abstracts above with the use of templates and automation.
FlexFinance® ICAAP ensures that the affluence of banking institutions are adapted for the risks they face, in accordance with the Internal Capital Adequacy Assessment Process, a key aspect of the additional colonnade of Basel II. An important aspect of the ICAAP action is the use of centralized models to appraisal the basic appropriate by the close to awning all actual risks the close is apparent to, including risks covered by Pillar I of Basel II. Firms could again use this in its accommodation making, action and planning. This appraisal of the basic requirements for a bank’s business operations can be performed application FlexFinance® EcoCap.
Suhas Nayak said: ‘I am absolutely committed to the FlexFinance® Basel II band-aid and I am acquisitive to win new barter for this artefact as able-bodied as for ICAAP and EcoCap. I can see a lot of abeyant for these products, abnormally in the accepted operating environment.’
Günther Fernbach, CEO of FERNBACH-Software, said: ’Suhas Nayak brings a abundance of accordant acquaintance in the acreage of artefact management. We are blessed to accept him on axle and are assured that he will enlarge our chump abject and advice to added authorize our Basel II band-aid in the market.’
FERNBACH’s all-embracing applicant abject for the FlexFinance® Basel II band-aid includes arch banks such as Commercial Bank International (UAE), Mizuho Trust & Banking (Luxembourg) S.A., LB(Swiss) Privatbank AG and Bankhaus Reuschel & Co. (Germany).
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
5365 Munsbach/Luxembourg
Tel.: + 352 402244-1
Fax: + 352 402244-310
About FERNBACH:
FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.
FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.
FERNBACH - FERNBACH ally with IBM GCG to accompany arch IFRS software to banks in China
London & Hong Kong, 26 August 2008 – FERNBACH, a arch provider of solutions for IFRS accounting and Enterprise-wide Value and Risk Management, has entered into a affiliation with IBM China. Together, FERNBACH and IBM China will acquaint FERNBACH’s FlexFinance® IFRS software for banks to China.
FERNBACH’s FlexFinance® IFRS is a standard-compliant band-aid for double-entry accounting which enables banks to apparatus advanced accounting processes that are adjustable with IFRS. The software is based on a centralised Data Management Suite, which ensures that all ratios and letters can be traced to the basal transactions, and enables altered advertisement and acquiescence requirements to be annoyed application the aforementioned database. The FlexFinance® software supports IFRS-compliant accounting entries, barrier accounting and authoritative reporting, and is provided with accepted templates that abundantly advanced implementation.
Under the new partnership, IBM GCG will localise FlexFinance® IFRS for the Chinese market, resell it to banks in China and accommodate aliment and first-line support.
Boon Hien Tan, Partner & Leader of Financial Services Sector, IBM Global Business Services, GCG, said: “IFRS is a top antecedence for IBM China over the next three years and FlexFinance® IFRS from FERNBACH is the a lot of absolute band-aid for the circuitous acquiescence activity banks are facing. We accept already accustomed a bounded aggregation committed to acknowledging FlexFinance® IFRS, and accept amorphous advice the affidavit for Chinese banks. FlexFinance® IFRS is already installed in our abstracts centre, so we are accessible to accommodate consulting and accomplishing account for Banking applicant in China. In the endure two years, we accept had all-encompassing acquaintance in accepted balance projects for Chinese banks, and calm with FERNBACH, we accept an befalling to access the commutual area of IFRS. With a abiding banking accounting architectonics complete on FERNBACH software, Chinese banks will be able to calmly accede not just with IFRS but aswell with any new regulations alien in future.”
Arnaud Picut, Director of Asia/Pacific arena at FERNBACH-Software, said: “This is an important affiliation for FERNBACH. We accept the accent of localisation and bounded support, and IBM is in the ideal position to accommodate both. The IFRS activity requires a bifold competency: both accounting and IT. IBM has accurate ability of implementing accounting systems and setting-up able-bodied and reliable IT architectures. IBM’s all-embracing ability about IT basement will be basic for acknowledging IFRS processes that administer several actor affairs a day. This is the latest date of our bounded advance plans, which accept apparent FERNBACH advance heavily in China. In January, we set up an appointment in Hong Kong, hiring bounded IFRS experts, and we will be establishing an IFRS Excellence Centre in China to advice Chinese banks to drift to IFRS.”
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
About FERNBACH:
FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.
FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.
FERNBACH’s FlexFinance® IFRS is a standard-compliant band-aid for double-entry accounting which enables banks to apparatus advanced accounting processes that are adjustable with IFRS. The software is based on a centralised Data Management Suite, which ensures that all ratios and letters can be traced to the basal transactions, and enables altered advertisement and acquiescence requirements to be annoyed application the aforementioned database. The FlexFinance® software supports IFRS-compliant accounting entries, barrier accounting and authoritative reporting, and is provided with accepted templates that abundantly advanced implementation.
Under the new partnership, IBM GCG will localise FlexFinance® IFRS for the Chinese market, resell it to banks in China and accommodate aliment and first-line support.
Boon Hien Tan, Partner & Leader of Financial Services Sector, IBM Global Business Services, GCG, said: “IFRS is a top antecedence for IBM China over the next three years and FlexFinance® IFRS from FERNBACH is the a lot of absolute band-aid for the circuitous acquiescence activity banks are facing. We accept already accustomed a bounded aggregation committed to acknowledging FlexFinance® IFRS, and accept amorphous advice the affidavit for Chinese banks. FlexFinance® IFRS is already installed in our abstracts centre, so we are accessible to accommodate consulting and accomplishing account for Banking applicant in China. In the endure two years, we accept had all-encompassing acquaintance in accepted balance projects for Chinese banks, and calm with FERNBACH, we accept an befalling to access the commutual area of IFRS. With a abiding banking accounting architectonics complete on FERNBACH software, Chinese banks will be able to calmly accede not just with IFRS but aswell with any new regulations alien in future.”
Arnaud Picut, Director of Asia/Pacific arena at FERNBACH-Software, said: “This is an important affiliation for FERNBACH. We accept the accent of localisation and bounded support, and IBM is in the ideal position to accommodate both. The IFRS activity requires a bifold competency: both accounting and IT. IBM has accurate ability of implementing accounting systems and setting-up able-bodied and reliable IT architectures. IBM’s all-embracing ability about IT basement will be basic for acknowledging IFRS processes that administer several actor affairs a day. This is the latest date of our bounded advance plans, which accept apparent FERNBACH advance heavily in China. In January, we set up an appointment in Hong Kong, hiring bounded IFRS experts, and we will be establishing an IFRS Excellence Centre in China to advice Chinese banks to drift to IFRS.”
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
About FERNBACH:
FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.
FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.
FERNBACH - FERNBACH finalises the takeover of the Austrian aggregation CMB
Vienna & Luxembourg, 30 September 2008 – FERNBACH, a arch provider of absolute solutions for civic and all-embracing banking institutions, has broadcast its portfolio for FlexFinance® Profitability solutions by demography over the Viennese company, ‘Control-Management Beratung’ (CMB).
With the takeover of the Austrian consulting company, CMB, in September 2008, FERNBACH broadened its ability even added in the across of advantage by amalgam CMB’s arrangement into the FlexFinance® Profitability solution. FERNBACH’s accident administration apparatus will be an ideal addendum to the consistent application. This alliance has opened up the achievability of implementing a case administration action focussing on accident and crop which after-effects in a acceptable access in added value.
CMB, which was accustomed in 1962, has been specialising in advantage solutions for banking institutions for 25 years. Currently, the software solutions from CMB and FERNBACH are accepting accumulated to anatomy the next bearing of the FlexFinance® Profitability solution. FERNBACH will aswell crop over the abutment casework for CMB barter in Austria, Germany, Eastern Europe and the USA.
The FERNBACH solution, FlexFinance® Profitability, is a software affairs for absolute bank, assets and amount administration which allows for circuitous artefact and sales structures. Income-oriented sales and business strategies can be abundant application this absolute band-aid accumulation pricing, planning and the appraisal of sales, treasury, costs and action amount advantage systems as able-bodied as centralized reporting. The advantage band-aid allows after-effects to be traced step-by-step down to the akin of alone deals, banknote flows and accounting entries. There is beneath plan complex in accomplishing due to minimum abstracts requirements and standardised activity procedure.
The advantage band-aid is based on the aforementioned database (single source) as the FERNBACH band-aid for accounting beneath IFRS which ensures acquiescence and allows the alien appearance in the anatomy of IFRS/P&L and the centralized achievement appraisal from the advantage administration to be compared.
Lorenz Feierfeil, CEO at CMB commented as follows, “Our accepted software CS/4++ fits into the accepted FERNBACH FlexFinance® artefact alternation actual able-bodied and will aggrandize the ambit of functions in the new FlexFinance® Profitability solution. We are not alone admiring to be allotment of this development but aswell to be able to advance our aggregate ability and acquaintance the software accepting implemented in a customer's company.”
Neil Beckley, Country Manager UK at FERNBACH fabricated the afterward remarks, “The takeover of CMB and the aperture of our new annex in Vienna will accord us the advantage of accepting anon in the around of new or -to-be barter appropriately enabling us to aggrandize our chump abject and accomplish the best use of cross-selling potential.”
Suhas Nayak, Head of Product Sales EcoCap at FERNBACH added, “The next bearing of FlexFinance® Profitability, which unites the able credibility of CS/4++ and FlexFinance® Profitability, will aggrandize our ambit of articles for accident administration and IFRS while accretion the amount added offered to our barter because we can accommodate assorted angle of business activities such as accounting, authoritative reporting, accident administration and advantage on one individual platform.”
About FERNBACH:
FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.
FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
With the takeover of the Austrian consulting company, CMB, in September 2008, FERNBACH broadened its ability even added in the across of advantage by amalgam CMB’s arrangement into the FlexFinance® Profitability solution. FERNBACH’s accident administration apparatus will be an ideal addendum to the consistent application. This alliance has opened up the achievability of implementing a case administration action focussing on accident and crop which after-effects in a acceptable access in added value.
CMB, which was accustomed in 1962, has been specialising in advantage solutions for banking institutions for 25 years. Currently, the software solutions from CMB and FERNBACH are accepting accumulated to anatomy the next bearing of the FlexFinance® Profitability solution. FERNBACH will aswell crop over the abutment casework for CMB barter in Austria, Germany, Eastern Europe and the USA.
The FERNBACH solution, FlexFinance® Profitability, is a software affairs for absolute bank, assets and amount administration which allows for circuitous artefact and sales structures. Income-oriented sales and business strategies can be abundant application this absolute band-aid accumulation pricing, planning and the appraisal of sales, treasury, costs and action amount advantage systems as able-bodied as centralized reporting. The advantage band-aid allows after-effects to be traced step-by-step down to the akin of alone deals, banknote flows and accounting entries. There is beneath plan complex in accomplishing due to minimum abstracts requirements and standardised activity procedure.
The advantage band-aid is based on the aforementioned database (single source) as the FERNBACH band-aid for accounting beneath IFRS which ensures acquiescence and allows the alien appearance in the anatomy of IFRS/P&L and the centralized achievement appraisal from the advantage administration to be compared.
Lorenz Feierfeil, CEO at CMB commented as follows, “Our accepted software CS/4++ fits into the accepted FERNBACH FlexFinance® artefact alternation actual able-bodied and will aggrandize the ambit of functions in the new FlexFinance® Profitability solution. We are not alone admiring to be allotment of this development but aswell to be able to advance our aggregate ability and acquaintance the software accepting implemented in a customer's company.”
Neil Beckley, Country Manager UK at FERNBACH fabricated the afterward remarks, “The takeover of CMB and the aperture of our new annex in Vienna will accord us the advantage of accepting anon in the around of new or -to-be barter appropriately enabling us to aggrandize our chump abject and accomplish the best use of cross-selling potential.”
Suhas Nayak, Head of Product Sales EcoCap at FERNBACH added, “The next bearing of FlexFinance® Profitability, which unites the able credibility of CS/4++ and FlexFinance® Profitability, will aggrandize our ambit of articles for accident administration and IFRS while accretion the amount added offered to our barter because we can accommodate assorted angle of business activities such as accounting, authoritative reporting, accident administration and advantage on one individual platform.”
About FERNBACH:
FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.
FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
FERNBACH - FERNBACH-Software joins Banking Industry Architecture Network (BIAN)
Luxembourg & Frankfurt, 21 October 2008 – FERNBACH-Software, a all-around baton accouterment adult component-based solutions is admiring to advertise that it has abutting the Banking Industry Architecture Network (BIAN).
BIAN’s ambition is to accredit banks to rapidly acclimate their IT systems to axle cardinal and operational business changes and to enhance interoperability amid banks. To accomplish this, BIAN seeks to advanced the acceptance of Service-Oriented Architecture (SOA) in the cyberbanking industry, adopting easier and added cost-effective affiliation of SOA for banking institutions.
By leveraging absolute technology standards and specifications, BIAN will actualize a absolute framework of business-focused semantic casework for banking. The framework will accommodate a archetypal that institutions can use to rapidly accommodate best-of-breed SOA apparatus into awful anatomic and adjustable applications, accouterment a cost-effective way to drift from today’s bequest systems to the added agile, SOA-based next-generation cyberbanking platforms.
“As a member, FERNBACH will be admiring to accommodate its ability to BIAN for architecture enterprise-wide SOA cyberbanking applications,” said Günther Fernbach, CEO of FERNBACH-Software. “The service-oriented architectonics of the FlexFinance® Loan apparatus is audibly altered from added systems even today back it was developed consistently application a service-oriented access from the beginning.”
Johan Kestens, Chair of the Board of BIAN, welcomes the new member, "As an accessible association we abide with and from the experience, ability and addition of our members. In this ambience the Board of BIAN welcomes FERNBACH-Software actual abundant as this new affiliate will strengthen BIAN’s position and ability in the banking industries."
BIAN, which was founded in the bounce of 2008 as a almsman of SAP’s Industry Value Network for Banks (IVN) originally created in 2005, now operates as an absolute non-profit organisation. BIAN will anon be publishing aboriginal works including SOA Building Blocks, Architecture Foundation and Methodologies, a banking-specific Service Landscape and casework from altered areas such as Sales and Services, Operations and Execution and Analytics.
About FERNBACH:
FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.
FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244 1
Fax: + 352 402244 310
BIAN’s ambition is to accredit banks to rapidly acclimate their IT systems to axle cardinal and operational business changes and to enhance interoperability amid banks. To accomplish this, BIAN seeks to advanced the acceptance of Service-Oriented Architecture (SOA) in the cyberbanking industry, adopting easier and added cost-effective affiliation of SOA for banking institutions.
By leveraging absolute technology standards and specifications, BIAN will actualize a absolute framework of business-focused semantic casework for banking. The framework will accommodate a archetypal that institutions can use to rapidly accommodate best-of-breed SOA apparatus into awful anatomic and adjustable applications, accouterment a cost-effective way to drift from today’s bequest systems to the added agile, SOA-based next-generation cyberbanking platforms.
“As a member, FERNBACH will be admiring to accommodate its ability to BIAN for architecture enterprise-wide SOA cyberbanking applications,” said Günther Fernbach, CEO of FERNBACH-Software. “The service-oriented architectonics of the FlexFinance® Loan apparatus is audibly altered from added systems even today back it was developed consistently application a service-oriented access from the beginning.”
Johan Kestens, Chair of the Board of BIAN, welcomes the new member, "As an accessible association we abide with and from the experience, ability and addition of our members. In this ambience the Board of BIAN welcomes FERNBACH-Software actual abundant as this new affiliate will strengthen BIAN’s position and ability in the banking industries."
BIAN, which was founded in the bounce of 2008 as a almsman of SAP’s Industry Value Network for Banks (IVN) originally created in 2005, now operates as an absolute non-profit organisation. BIAN will anon be publishing aboriginal works including SOA Building Blocks, Architecture Foundation and Methodologies, a banking-specific Service Landscape and casework from altered areas such as Sales and Services, Operations and Execution and Analytics.
About FERNBACH:
FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.
FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244 1
Fax: + 352 402244 310
FERNBACH - KT FDS as reseller for FlexFinance® supports amplification of FERNBACH in the Korean market
Seoul & Luxembourg, 19 November 2008 – The Korean aggregation KT FDS and FERNBACH, a provider of award-winning solutions for IFRS, are captivated to advertise a able accord in South Korea. The base of the affiliation is formed by KT FDS accepting the reseller of FlexFinance® articles for Korean banks, which admiration to access the arch IFRS Accounting Generator by FERNBACH.
KT FDS is a reliable action accouterment absolute solutions for banking advice systems, banking consulting, and accouterment solutions for administration and operations. At present, it provides a full-range of casework including developing beat IT technology for operations and aliment in adjustment to fulfil the assorted needs of its clientele.
The role of KT FDS will be continued to the localisation of product, aliment and chump abutment akin 1 and will aswell adduce some outsourcing programs for abiding aliment of FlexFinance®.
Arnaud Picut, Managing Director APAC at FERNBACH, said, ‘For FERNBACH, this is an important footfall to appropriately abode the Korean market. FERNBACH desires to action assorted opportunities for the aliment and abutment of its IFRS solution. Localisation is key, and KT FDS is our adventuresomeness to locally abutment our activity. Furthermore, we will crop account of KT FDS’s able ability on IT infrastructure, which is appropriate to abutment IFRS action of several actor affairs every day.’
The standards-compliant FERNBACH band-aid FlexFinance® IFRS for double-entry accounting will accommodate Korean banks with an accurate advanced accounting arrangement which adheres to IFRS while abbreviating processing times. By maximising the accuracy of the analysis aisle and demography advantage of the pre-defined templates provided by FERNBACH, Korean banks will decidedly abate both activity risks and costs.
For KT FDS, it is an accomplished befalling to advantage its growing attendance aural the Korean banking sector, which is accent by Mr Hoon Chae, Director Financial Division, KT FDS, ‘KT FDS has acutely authentic IFRS as its capital priorities for the next three years. We accept absitively to advance in IFRS area by architecture a basin of assets able to abutment FlexFinance®. FlexFinance® appears to us as the a lot of absolute band-aid to cope with this circuitous project. Clearly our capital domains of ability are the allocation and accomplishing of reliable and able IT architectonics able to abutment a banking software like FlexFinance®. Convinced that accepting bounded is essential, we accept started the adaptation of several key documentations and website to advice the Korean bankers to bigger accept the package. FlexFinance® has already been installed aural our abstracts centre, we are accessible to start.’
An added ambition of FERNBACH will be the architecture of an IFRS Competence Center in South Korea, area abeyant barter become acquainted with FlexFinance® IFRS in a showroom. The IFRS band-aid from FERNBACH will be installed on the computers in the Competence Centre, appropriately assuming ‘real’ cyberbanking applications in both the foreground and aback offices. This will advice Korean banks to drift their absolute accounting appear IFRS.
About FERNBACH:
FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.
FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
KT FDS is a reliable action accouterment absolute solutions for banking advice systems, banking consulting, and accouterment solutions for administration and operations. At present, it provides a full-range of casework including developing beat IT technology for operations and aliment in adjustment to fulfil the assorted needs of its clientele.
The role of KT FDS will be continued to the localisation of product, aliment and chump abutment akin 1 and will aswell adduce some outsourcing programs for abiding aliment of FlexFinance®.
Arnaud Picut, Managing Director APAC at FERNBACH, said, ‘For FERNBACH, this is an important footfall to appropriately abode the Korean market. FERNBACH desires to action assorted opportunities for the aliment and abutment of its IFRS solution. Localisation is key, and KT FDS is our adventuresomeness to locally abutment our activity. Furthermore, we will crop account of KT FDS’s able ability on IT infrastructure, which is appropriate to abutment IFRS action of several actor affairs every day.’
The standards-compliant FERNBACH band-aid FlexFinance® IFRS for double-entry accounting will accommodate Korean banks with an accurate advanced accounting arrangement which adheres to IFRS while abbreviating processing times. By maximising the accuracy of the analysis aisle and demography advantage of the pre-defined templates provided by FERNBACH, Korean banks will decidedly abate both activity risks and costs.
For KT FDS, it is an accomplished befalling to advantage its growing attendance aural the Korean banking sector, which is accent by Mr Hoon Chae, Director Financial Division, KT FDS, ‘KT FDS has acutely authentic IFRS as its capital priorities for the next three years. We accept absitively to advance in IFRS area by architecture a basin of assets able to abutment FlexFinance®. FlexFinance® appears to us as the a lot of absolute band-aid to cope with this circuitous project. Clearly our capital domains of ability are the allocation and accomplishing of reliable and able IT architectonics able to abutment a banking software like FlexFinance®. Convinced that accepting bounded is essential, we accept started the adaptation of several key documentations and website to advice the Korean bankers to bigger accept the package. FlexFinance® has already been installed aural our abstracts centre, we are accessible to start.’
An added ambition of FERNBACH will be the architecture of an IFRS Competence Center in South Korea, area abeyant barter become acquainted with FlexFinance® IFRS in a showroom. The IFRS band-aid from FERNBACH will be installed on the computers in the Competence Centre, appropriately assuming ‘real’ cyberbanking applications in both the foreground and aback offices. This will advice Korean banks to drift their absolute accounting appear IFRS.
About FERNBACH:
FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.
FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
FERNBACH - Successful Implementation of FERNBACH’s Margin Optimiser at NORD/LB
Hanover & Luxembourg, 02 December 2008 – In future, Norddeutsche Landesbank Girozentrale (NORD/LB), one of the better German banking institutions, will account absolutely from the Margin Optimiser from FERNBACH, a arch provider of modular account bales for multi-GAAP accounting, accident management, acquiescence and lending operations.
The ambiguity of approaching absorption development, the fluctuations in chump deposits and chump absorption ante in the clandestine chump area represent the above challenges for FlexFinance® Margin Optimiser.
Unlike antecedent methods for the administration of amount deposits, the Margin Optimiser uses activating archetype to accommodate optimum investment decisions, accordant accident ratios while preventing advantage payments. It takes accepted and approaching fluctuations of the appellation anatomy of absorption ante and of deposits into account.
With FlexFinance® Margin Optimiser, FERNBACH has created a new and different apparatus that provides a reliable base for the investment of amount deposits in airy markets, both today and in the future. The Margin Optimiser uses academic optimisation and creates scenarios that adduce an optimum archetype portfolio.
A archetype abstraction conducted distinctively for NORD/LB by the Institute for Operations Research at the acclaimed Swiss University of St. Gallen above-mentioned to accomplishing accepted the abeyant of the Margin Optimiser to access income.
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
www.fernbach.com
The ambiguity of approaching absorption development, the fluctuations in chump deposits and chump absorption ante in the clandestine chump area represent the above challenges for FlexFinance® Margin Optimiser.
Unlike antecedent methods for the administration of amount deposits, the Margin Optimiser uses activating archetype to accommodate optimum investment decisions, accordant accident ratios while preventing advantage payments. It takes accepted and approaching fluctuations of the appellation anatomy of absorption ante and of deposits into account.
With FlexFinance® Margin Optimiser, FERNBACH has created a new and different apparatus that provides a reliable base for the investment of amount deposits in airy markets, both today and in the future. The Margin Optimiser uses academic optimisation and creates scenarios that adduce an optimum archetype portfolio.
A archetype abstraction conducted distinctively for NORD/LB by the Institute for Operations Research at the acclaimed Swiss University of St. Gallen above-mentioned to accomplishing accepted the abeyant of the Margin Optimiser to access income.
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
www.fernbach.com
FERNBACH - GE Money Bank chooses FERNBACH for IFRS, US GAAP and Czech GAAP alongside accounting
Prague & Luxembourg, 14 January 2009 – FERNBACH, a arch all-embracing provider of solutions for IFRS compliance, multi-GAAP accounting and ICAAP has been called by GE Money Bank Czech Republic to automate its accounting according to three alongside standards: IFRS, US GAAP and Czech GAAP.
The acceding covers these accounting requirements for GE’s 5 banking institutions in the Czech Republic.
The preconfigured FERNBACH solution, FlexFinance® Accounting for alongside accounting, will accommodate GE Money Bank with a advanced arrangement which adheres to such ambitious accounting standards as IFRS.
In accession to IFRS, GE Money Bank Czech Republic will use FlexFinance® Accounting to fulfil the requirements of both US GAAP and Czech GAAP accounting. All three accounting systems are based on a individual abstracts set, which minimises the time bare for automated abstracts import. The advantage of FlexFinance® Accounting is that it uses raw data, which agency that GE Money Bank does not accept to acclimate its absolute systems.
In the past, GE Money Bank Czech Republic has based its accounting convenance on Czech GAAP and on US-GAAP for all-embracing reporting. Since the case has been afresh because to float an affair and due to the accepted move appear IFRS on the accomplished Czech market, a account of anniversary in acquiescence with IFRS is essential. The FlexFinance® IFRS band-aid from FERNBACH will acquiesce the case to present the awful automated, IFRS and US GAAP-compliant statements.
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
The acceding covers these accounting requirements for GE’s 5 banking institutions in the Czech Republic.
The preconfigured FERNBACH solution, FlexFinance® Accounting for alongside accounting, will accommodate GE Money Bank with a advanced arrangement which adheres to such ambitious accounting standards as IFRS.
In accession to IFRS, GE Money Bank Czech Republic will use FlexFinance® Accounting to fulfil the requirements of both US GAAP and Czech GAAP accounting. All three accounting systems are based on a individual abstracts set, which minimises the time bare for automated abstracts import. The advantage of FlexFinance® Accounting is that it uses raw data, which agency that GE Money Bank does not accept to acclimate its absolute systems.
In the past, GE Money Bank Czech Republic has based its accounting convenance on Czech GAAP and on US-GAAP for all-embracing reporting. Since the case has been afresh because to float an affair and due to the accepted move appear IFRS on the accomplished Czech market, a account of anniversary in acquiescence with IFRS is essential. The FlexFinance® IFRS band-aid from FERNBACH will acquiesce the case to present the awful automated, IFRS and US GAAP-compliant statements.
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
FERNBACH - Volksbank AG and arch mortgage and clandestine banks in Austria opt for FERNBACH’s lending solution
Vienna & Frankfurt, 25 March 2009 – The Österreichische Volksbanken group, beneath the administration of Volksbank AG, one of Austria's better cyberbanking groups, as able-bodied as 5 clandestine banks and four mortgage banks accept called the FlexFinance® Lending acclaim band-aid from FERNBACH-Software. FERNBACH-Software AG has appropriately been able to win addition above accumulation of barter in Austria and to strengthen its abject in Vienna.
Under the administration of IT account providers, ARZ Allgemeines Rechenzentrum GmbH and FERNBACH-Software, a band-aid will be created for ARZ audience which covers the absolute acclaim action in clandestine and accumulated applicant acclaim activities.
FlexFinance® Lending is the arch software band-aid which calmly supports lending operations, starting from chump acclaim to appropriate costs for companies and optimising back-office procedures. Its high-performance action administration functions accommodate ample abutment for cyberbanking business models while breeding assessable increases in ability at an aboriginal date and convalescent accident structure.
With its accessible architectonics and SOA-compliant components, FlexFinance® Lending is state-of-the-art. Its awful adjustable attributes agency that the banks can accord with the cardinal and operational changes in the banking area bound and economically. Professional accoutrement for parameterisation and multi-client adequacy map out the alone specialist requirements as able-bodied as organisational structures from the abate banks to the axial institution.
Within the activity the complete acclaim action will be covered from adjustment processing to feedback/charge-off. The ambit of articles covered by FlexFinance® Lending ranges from chump acclaim to appropriate costs for companies. With its accessible architecture, FlexFinance® Lending is best acclimatized to the demands of the acclaim market. The application’s adaptability allows it to actualize organisational structures for both the abate banks as able-bodied the axial academy in one process.
Director Dr. Harald Seebacher, Österreichische Volksbanken AG says, “FERNBACH’s abstruse and abstruse acquaintance with lending articles and projects for private, retail and accumulated cyberbanking will accommodate our advisers with the optimum altitude for activity success in their business model. Apart from the agnate references, FERNBACH assertive us with its professionalism and its specialist cyberbanking abilities in the appraisal action as able-bodied as during the achievability stage.”
Dipl.-Ing. Hans Langer, CEO, ARZ comments, “Owing to the top amount of adaptability that characterises FERNBACH’s FlexFinance® Lending, we were able to accommodate our absolute arrangement into the new band-aid and appropriately accomplish use of all the allowances of an SOA-based architecture. With the modular acclaim solution, we are added adjustable than afore and are best able for approaching challenges of our customers.”
"Our process-oriented, specialist and technically airy software solutions for the acclaim business strengthen our audience in antagonism and aswell abutment accident administration and innovations,“ says Thomas Platt, affiliate of the Management Board at FERNBACH-Software. “We were admiring about the accommodation by addition above cyberbanking accumulation to opt for our new FlexFinance® Lending artefact apartment and this shows that we are ambience the accepted in the Austrian bazaar as able-bodied with our software and specialist cyberbanking skills."
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
Under the administration of IT account providers, ARZ Allgemeines Rechenzentrum GmbH and FERNBACH-Software, a band-aid will be created for ARZ audience which covers the absolute acclaim action in clandestine and accumulated applicant acclaim activities.
FlexFinance® Lending is the arch software band-aid which calmly supports lending operations, starting from chump acclaim to appropriate costs for companies and optimising back-office procedures. Its high-performance action administration functions accommodate ample abutment for cyberbanking business models while breeding assessable increases in ability at an aboriginal date and convalescent accident structure.
With its accessible architectonics and SOA-compliant components, FlexFinance® Lending is state-of-the-art. Its awful adjustable attributes agency that the banks can accord with the cardinal and operational changes in the banking area bound and economically. Professional accoutrement for parameterisation and multi-client adequacy map out the alone specialist requirements as able-bodied as organisational structures from the abate banks to the axial institution.
Within the activity the complete acclaim action will be covered from adjustment processing to feedback/charge-off. The ambit of articles covered by FlexFinance® Lending ranges from chump acclaim to appropriate costs for companies. With its accessible architecture, FlexFinance® Lending is best acclimatized to the demands of the acclaim market. The application’s adaptability allows it to actualize organisational structures for both the abate banks as able-bodied the axial academy in one process.
Director Dr. Harald Seebacher, Österreichische Volksbanken AG says, “FERNBACH’s abstruse and abstruse acquaintance with lending articles and projects for private, retail and accumulated cyberbanking will accommodate our advisers with the optimum altitude for activity success in their business model. Apart from the agnate references, FERNBACH assertive us with its professionalism and its specialist cyberbanking abilities in the appraisal action as able-bodied as during the achievability stage.”
Dipl.-Ing. Hans Langer, CEO, ARZ comments, “Owing to the top amount of adaptability that characterises FERNBACH’s FlexFinance® Lending, we were able to accommodate our absolute arrangement into the new band-aid and appropriately accomplish use of all the allowances of an SOA-based architecture. With the modular acclaim solution, we are added adjustable than afore and are best able for approaching challenges of our customers.”
"Our process-oriented, specialist and technically airy software solutions for the acclaim business strengthen our audience in antagonism and aswell abutment accident administration and innovations,“ says Thomas Platt, affiliate of the Management Board at FERNBACH-Software. “We were admiring about the accommodation by addition above cyberbanking accumulation to opt for our new FlexFinance® Lending artefact apartment and this shows that we are ambience the accepted in the Austrian bazaar as able-bodied with our software and specialist cyberbanking skills."
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
FERNBACH - FERNBACH continues to aggrandize with abundant investment in all-embracing operations
Luxembourg, 27 April 2009 – FERNBACH, a arch all-embracing provider of solutions for Multi-GAAP, Risk and Compliance and Lending, today appear they are accretion their all-embracing operations and hiring cogent new agents to accord with accepted and advancing advance accepted from all-embracing operations. To reflect this FERNBACH is relocating their London accessories by affective to beyond offices aural the City and relocating axial functionality from Luxembourg to their broadcast all-embracing hub now amid in London.
“FERNBACH continues to be a complete and abiding business,” says Günther Fernbach, architect and CEO, "We accept a absolute all-around abject and by accretion our attendance in London we can accommodate the all-embracing hub all-important to access the afterimage bare to added strengthen our business.”
FERNBACH continues to focus on their FlexFinance® artefact ambit on the key areas of Multi-GAAP, Risk and Compliance and Lending. Recent success in Austria, Ukraine, South Korea and Dubai announce a able business approaching admitting the advancing cyberbanking crises.
Expanding FERNBACH’s beat in London will access the business by accouterment able and able casework for our all-around clients, while accepted audience will still be added bigger serviced from our bounded offices. Günther Fernbach continues; “I am actual abundant analytic advanced to alive with the beyond aggregation at this important time in banking regulation”.
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and lending accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel: + 352 402244-1
Fax:+ 352 402244-310
“FERNBACH continues to be a complete and abiding business,” says Günther Fernbach, architect and CEO, "We accept a absolute all-around abject and by accretion our attendance in London we can accommodate the all-embracing hub all-important to access the afterimage bare to added strengthen our business.”
FERNBACH continues to focus on their FlexFinance® artefact ambit on the key areas of Multi-GAAP, Risk and Compliance and Lending. Recent success in Austria, Ukraine, South Korea and Dubai announce a able business approaching admitting the advancing cyberbanking crises.
Expanding FERNBACH’s beat in London will access the business by accouterment able and able casework for our all-around clients, while accepted audience will still be added bigger serviced from our bounded offices. Günther Fernbach continues; “I am actual abundant analytic advanced to alive with the beyond aggregation at this important time in banking regulation”.
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and lending accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel: + 352 402244-1
Fax:+ 352 402244-310
FERNBACH - Partnership amid FERNBACH and the South Korean aggregation KT FDS pays assets with the signing of Woori Bank
Seoul & Luxembourg, 19 May 2009 – KT FDS, a South Korean company, allotment of the KT amassed and accomplice of FERNBACH, a supplier of arch IFRS solutions for the accounts industry, accept been alive calm auspiciously back aboriginal 2008. KT FDS’ assignment as reseller is to action FERNBACH’s FlexFinance® IFRS to South Korean banks, to accommodate abutment and to backpack out maintenance.
From 2010 South Korean banks will be answerable to draw up balances according to the International Financial Reporting Standards. As a aftereffect the banks are beneath accretion burden to acquisition a acceptable solution. In the endure few years KT FDS has begin FERNBACH to be a able and activating partner, which, already again, emphasises the accretion internationalisation of the Luxembourg software house.
The South Korean aggregation offers absolute solutions for accounts advice systems, banking consultancy both for Management and Operations. At the aforementioned time it operates on account of FERNBACH and auspiciously undertakes both the localisation of the artefact FlexFinance® IFRS and the aliment and chump support. In a collective IFRS Competence Centre in South Korea abeyant audience are able to familiarise themselves with FlexFinance® IFRS with the abetment of KT FDS associates of staff. These accept the FERNBACH band-aid installed on their computers and can simulate “real” cyberbanking applications, which makes the clearing of their absolute anniversary apprehension to IFRS decidedly easier for South Korean banks.
Thanks to the affiliation with KT FDS the Woori Financial Group will be alive with FERNBACH’s FlexFinance® IFRS band-aid to accommodated with new all-embracing banking accounting standard.
Arnaud Picut, Managing Director of APAC at FERNBACH, says: “The affiliation with KT FDS has absolutely paid off. Since endure year, if the arrangement was signed, KT FDS has done a lot for FERNBACH and has won Woori Financial Group as a client. FERNBACH plays an added important role in South Korea as a aftereffect and can acknowledge bound and agilely through bounded support. The Competence Centre in Seoul has aswell been actual able-bodied accustomed by the audience and it helps them to adept the challenges of software migration. We are actual admiring with the absurd cooperation and with acceptable the Woori Financial Group. Based on this able abutment platform, we are assured new projects in the advancing months.”
Hoon Chae, Director of the Financial Division at KT FDS, says: “We were agog about FERNBACH’s IFRS band-aid from the alpha and are bartering the software in South Korea with abundant confidence. With the abutment of the Competence Centre we can explain the software anon to the applicant and acclimate it to his own requirements, giving him something concrete. The Woori Bank was captivated with this abstraction and constitutes a cogent applicant in South Korea both for FERNBACH and for us.”
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
From 2010 South Korean banks will be answerable to draw up balances according to the International Financial Reporting Standards. As a aftereffect the banks are beneath accretion burden to acquisition a acceptable solution. In the endure few years KT FDS has begin FERNBACH to be a able and activating partner, which, already again, emphasises the accretion internationalisation of the Luxembourg software house.
The South Korean aggregation offers absolute solutions for accounts advice systems, banking consultancy both for Management and Operations. At the aforementioned time it operates on account of FERNBACH and auspiciously undertakes both the localisation of the artefact FlexFinance® IFRS and the aliment and chump support. In a collective IFRS Competence Centre in South Korea abeyant audience are able to familiarise themselves with FlexFinance® IFRS with the abetment of KT FDS associates of staff. These accept the FERNBACH band-aid installed on their computers and can simulate “real” cyberbanking applications, which makes the clearing of their absolute anniversary apprehension to IFRS decidedly easier for South Korean banks.
Thanks to the affiliation with KT FDS the Woori Financial Group will be alive with FERNBACH’s FlexFinance® IFRS band-aid to accommodated with new all-embracing banking accounting standard.
Arnaud Picut, Managing Director of APAC at FERNBACH, says: “The affiliation with KT FDS has absolutely paid off. Since endure year, if the arrangement was signed, KT FDS has done a lot for FERNBACH and has won Woori Financial Group as a client. FERNBACH plays an added important role in South Korea as a aftereffect and can acknowledge bound and agilely through bounded support. The Competence Centre in Seoul has aswell been actual able-bodied accustomed by the audience and it helps them to adept the challenges of software migration. We are actual admiring with the absurd cooperation and with acceptable the Woori Financial Group. Based on this able abutment platform, we are assured new projects in the advancing months.”
Hoon Chae, Director of the Financial Division at KT FDS, says: “We were agog about FERNBACH’s IFRS band-aid from the alpha and are bartering the software in South Korea with abundant confidence. With the abutment of the Competence Centre we can explain the software anon to the applicant and acclimate it to his own requirements, giving him something concrete. The Woori Bank was captivated with this abstraction and constitutes a cogent applicant in South Korea both for FERNBACH and for us.”
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
FERNBACH - FERNBACH optimises clamminess advertisement for NORD/LB Luxembourg
Luxembourg, 02 July 2009 – FERNBACH-Software, a all-around provider of award-winning banking software solutions, and Norddeutsche Landesbank Luxembourg accept assured a arrangement for the band-aid "FlexFinance® Analytix Liquidity Reporting”.
Due to a diffuse and acknowledged co-operation with FERNBACH, NORD/LB Luxembourg absitively to add the high-performance software FlexFinance® Analytix Liquidity Reporting, developed distinctively for clamminess accident administration in banks, to its absolute solutions.
NORD/LB Luxembourg, which is a sub-group of three absolute banking institutions, will use FlexFinance® Analytix Liquidity Reporting to administer clamminess risks in the three companies and the sub-group. Liquidity trends and clamminess options will be analysed for all companies on a circadian base beneath several scenarios including accent scenarios and again compared to the set limits. The after-effects will be generated automatically in the anatomy of letters and broadcast aural the companies and accumulation letters will be aggregate automatically on a circadian base by FlexFinance® Analytix Liquidity Reporting.
The SOA architectonics of this software band-aid allows simple and cost-efficient affiliation into the absolute accident ambiance at NORD/LB Luxembourg. Existing systems and structures can be congenital into the new clamminess administration basic after adversity because of its accessible architecture.
Fabrizio Romano, Region Manager at FERNBACH commented as follows, “With our new Analytix solution, we can accommodate a able and adjustable framework for accident modelling which banks such as NORD/LB Luxembourg can use to calmly actualize and anon analyse accident models for their business activities. This is active in accouterment acceptable “internal capital” to awning all capital risks. By opting for the new software, NORD/LB is able-bodied able for the approaching and can acknowledge bound to changes in centralized management, to new accumulated requirements as able-bodied as new authoritative approaches.”
Alexander Gröling, Head of Risk Management at NORD/LB Luxembourg, fabricated the afterward comment, "We accept been alive with FERNBACH for a few years now. We absitively to buy the new accident administration solution, to optimise clamminess advertisement processes, minimise operational accident and abide competitive, decidedly during this banking crisis. Our eyes is to accommodate letters according to the argumentation declared aloft aswell for added accident components.”
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
For added advice amuse contact:
Emma Connolly | Director of Group Marketing
FERNBACH-Software S.A.
Tel.: + 352 402244-405
Fax: + 352 402244-310
emma.connolly@fernbach.com
www.fernbach.com
Due to a diffuse and acknowledged co-operation with FERNBACH, NORD/LB Luxembourg absitively to add the high-performance software FlexFinance® Analytix Liquidity Reporting, developed distinctively for clamminess accident administration in banks, to its absolute solutions.
NORD/LB Luxembourg, which is a sub-group of three absolute banking institutions, will use FlexFinance® Analytix Liquidity Reporting to administer clamminess risks in the three companies and the sub-group. Liquidity trends and clamminess options will be analysed for all companies on a circadian base beneath several scenarios including accent scenarios and again compared to the set limits. The after-effects will be generated automatically in the anatomy of letters and broadcast aural the companies and accumulation letters will be aggregate automatically on a circadian base by FlexFinance® Analytix Liquidity Reporting.
The SOA architectonics of this software band-aid allows simple and cost-efficient affiliation into the absolute accident ambiance at NORD/LB Luxembourg. Existing systems and structures can be congenital into the new clamminess administration basic after adversity because of its accessible architecture.
Fabrizio Romano, Region Manager at FERNBACH commented as follows, “With our new Analytix solution, we can accommodate a able and adjustable framework for accident modelling which banks such as NORD/LB Luxembourg can use to calmly actualize and anon analyse accident models for their business activities. This is active in accouterment acceptable “internal capital” to awning all capital risks. By opting for the new software, NORD/LB is able-bodied able for the approaching and can acknowledge bound to changes in centralized management, to new accumulated requirements as able-bodied as new authoritative approaches.”
Alexander Gröling, Head of Risk Management at NORD/LB Luxembourg, fabricated the afterward comment, "We accept been alive with FERNBACH for a few years now. We absitively to buy the new accident administration solution, to optimise clamminess advertisement processes, minimise operational accident and abide competitive, decidedly during this banking crisis. Our eyes is to accommodate letters according to the argumentation declared aloft aswell for added accident components.”
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
For added advice amuse contact:
Emma Connolly | Director of Group Marketing
FERNBACH-Software S.A.
Tel.: + 352 402244-405
Fax: + 352 402244-310
emma.connolly@fernbach.com
www.fernbach.com
FERNBACH - FERNBACH-Software opens accessory in Seoul, South Korea
Seoul & Luxembourg, 14 July 2009 – Following the latest acknowledged developments in APAC region, FERNBACH-Software has opened a accessory in Seoul to activate the accretion of new barter and facilitate abutment for absolute barter in the region.
Yoon-Sik Ma, who will be accurate by several new consultants, has been recruited as Manager of FERNBACH-Software Korea. Previously, he formed as a solutions able for Fermat for three and a bisected years, managing cyberbanking projects in the APAC region, “Since the accounting procedures in South Korean banks will appear beneath all-embracing accounting regulations from 2010, we are assured an access in appeal for FERNBACH’s FlexFinance® IFRS solution. It is acute to plan with bounded companies on the Korean bazaar so that absolute abutment for projects is ensured. Therefore it was analytic for FERNBACH to expand. I am admiring to be allotment of this amplification and achievement to accomplish FERNBACH's articles adorable for added banking institutions.”
Thanks to the acknowledged accord with KT FDS, a South Korean aggregation specialising in solutions for banking advice systems, banking consulting, administration and operations, FERNBACH won Koreas arch case Woori Financial Group as a chump in March 2009. This win and the affiliation with KT FDS enabled FERNBACH to access the South Korean market. Together FERNBACH and KT FDS can absolutely accredit Woori and added banks to accept their specific bounded requirements dealt with promptly and efficiently.
FERNBACH’s FlexFinance® IFRS software is a standards-compliant band-aid for double-entry accounting which provides reliable and absolutely automated procedures to ensure the abutting accessible adherence to IFRSs while abundantly abbreviation the processing times for all banking products. IFRS-compliant accounting and advertisement is enabled by the pre-processing operation which encompasses all the elements all-important for accurate valuation. FlexFinance® IFRS aswell absolutely supports the specific requirements for barrier accounting or impairment.
FlexFinance® IFRS, which is based on an able and centralised Data Management Suite, can be chip into any appliance ambiance after difficulty, a actuality that will accredit South Korean banks to affected the challenges presented by the International Financial Reporting Standards. FERNBACH’s experts will accommodate on the arena abutment bare for accomplishing and will act as hands-on consultants.
Arnaud Picut, FERNBACH Managing Director – APAC, commented, “The accord with Woori Financial Group and KT FDS showed that there is a all-inclusive absorption in a avant-garde IFRS band-aid in South Korea. Since the approaches acclimated by abounding banks are complicated and time-consuming, they accept accepted to be acutely concise solutions. FERNBACH’s cold is to appoint at an all-embracing akin and appropriately accommodate banks above APAC including South Korea with a avant-garde and accurate accounting arrangement that fulfils the IFRS requirements added calmly and accurately.”
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
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
LUXEMBOURG
Tel.: +352 402244-1
Fax: +352 402244-310
Yoon-Sik Ma, who will be accurate by several new consultants, has been recruited as Manager of FERNBACH-Software Korea. Previously, he formed as a solutions able for Fermat for three and a bisected years, managing cyberbanking projects in the APAC region, “Since the accounting procedures in South Korean banks will appear beneath all-embracing accounting regulations from 2010, we are assured an access in appeal for FERNBACH’s FlexFinance® IFRS solution. It is acute to plan with bounded companies on the Korean bazaar so that absolute abutment for projects is ensured. Therefore it was analytic for FERNBACH to expand. I am admiring to be allotment of this amplification and achievement to accomplish FERNBACH's articles adorable for added banking institutions.”
Thanks to the acknowledged accord with KT FDS, a South Korean aggregation specialising in solutions for banking advice systems, banking consulting, administration and operations, FERNBACH won Koreas arch case Woori Financial Group as a chump in March 2009. This win and the affiliation with KT FDS enabled FERNBACH to access the South Korean market. Together FERNBACH and KT FDS can absolutely accredit Woori and added banks to accept their specific bounded requirements dealt with promptly and efficiently.
FERNBACH’s FlexFinance® IFRS software is a standards-compliant band-aid for double-entry accounting which provides reliable and absolutely automated procedures to ensure the abutting accessible adherence to IFRSs while abundantly abbreviation the processing times for all banking products. IFRS-compliant accounting and advertisement is enabled by the pre-processing operation which encompasses all the elements all-important for accurate valuation. FlexFinance® IFRS aswell absolutely supports the specific requirements for barrier accounting or impairment.
FlexFinance® IFRS, which is based on an able and centralised Data Management Suite, can be chip into any appliance ambiance after difficulty, a actuality that will accredit South Korean banks to affected the challenges presented by the International Financial Reporting Standards. FERNBACH’s experts will accommodate on the arena abutment bare for accomplishing and will act as hands-on consultants.
Arnaud Picut, FERNBACH Managing Director – APAC, commented, “The accord with Woori Financial Group and KT FDS showed that there is a all-inclusive absorption in a avant-garde IFRS band-aid in South Korea. Since the approaches acclimated by abounding banks are complicated and time-consuming, they accept accepted to be acutely concise solutions. FERNBACH’s cold is to appoint at an all-embracing akin and appropriately accommodate banks above APAC including South Korea with a avant-garde and accurate accounting arrangement that fulfils the IFRS requirements added calmly and accurately.”
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
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
LUXEMBOURG
Tel.: +352 402244-1
Fax: +352 402244-310
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
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
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