BKCP in Belgium Selects FinArch to Redesign its Risk Architecture
BKCP in Belgium, part of Crédit Mutuel Nord Europe, selected Financial Architects’ (FinArch) Financial Studio to address its finance, risk and reporting requirements.
In order to better streamline all of its operations, to reduce its recurring costs and to support its growth, BKCP investigated the full landscape of available solutions. After a thorough analysis, FinArch’s Finance Resource Planning (FRP) platform with Financial Studio emerged as the best solution for BKCP to rebuild its finance, risk and reporting infrastructure.
BKCP estimates that only FinArch is able to support the bank’s ambitious business plan to grow its market share. In this fast moving banking environment, one of the key requirements is to analyse swiftly profitability across all business units, client segments and product portfolios. Financial Studio’s MIS, building upon a common single data platform, will allow the bank to do so.
Yves Van der Beken, chief information officer (CIO) at BKCP, said: “At BKCP, we want to monitor constantly and adapt our business when and where needed. Therefore, we investigated thoroughly the market to find a solution with the richest possible functionality. Furthermore, we were also conscious to make an economical choice. FinArch’s integrated platform is the best guarantee that we can leverage on our investment. Functionally, we discovered that Financial Studio offers deep functionality for our current needs and it gives us the confidence that the system will also support our future requirements.”