Bank Simpanan Nasional Picks FinArch's Financial Studio for FRS139 Compliance
Bank Simpanan Nasional (BSN), Malaysia’s national savings bank, has selected Financial Architects’ (FinArch) Financial Studio solution to provide FRS 139 compliance.
BSN chose FinArch because of its proven expertise, its understanding of FRS139 requirements, the accuracy of their calculated results and the subsequent postings generated.
Frederick Siew, SVP finance of BSN, said that BSN was impressed by FinArch in the proof of concept phase: “This was further supported by the knowledge pool of subject matter specialists that gave the evaluation committee the confidence to select FinArch as the bank’s partner for this project. This partnership will enable the bank to enjoy the knowledge transfer from the experience and expertise of FinArch’s global talent pool.”