Banque Artesia Nederland relies on FinArch's functional expertise and extends its existing Financial Studio platform to provide for Basel II compliance for head office and Dutch regulatory reporting.

Banque Artesia Nederland – Leveraging from past investments

Major advantage of the Financial Studio Basel II Solution for Banque Artesia Nederland is the fact that its people are well-acquainted with the Financial Studio data model and platform. The bank adopted Financial Studio years ago and has been making enterprise-wide use of it for Financial Reporting (e.g. daily Profit & Loss & balance sheets), Risk reporting (e.g. interest risk), MIS (e.g. customer and product matrix reporting on profitability), Middle Office reporting (e.g. deal overviews) and Dutch Central Bank reporting.

With the addition of the Basel II solution, the bank avoids data duplication and complex reconciliation and thus takes advantage of an integrated end-to-end solution. Financial Studio, which is underpinned by a comprehensive data model, improves both the quality and elapse time of (ad-hoc) reporting and analyses. At the same time, the use of bank resources is optimised where only one single and central platform needs to be maintained.

Full Transparency

One of Financial Studio's major qualities to the bank is its full audit trail. As all final and intermediary data are kept within the relational database, Financial Studio allows reporting and analyses at all levels. These are not limited to final reporting, but also include drill-down and drill-through from the final results, to the intermediary calculations and back to the original business data and transactions. With this granular level of detail, Banque Artesia Nederland can perform easy audit trail and control and thus support the Accord's Pillar 2.

Within Financial Studio the capital requirements can be pinpointed at customer level as well as at the underlying transactions' level. Based on the embedded risk engine, the solution ensures optimal exposure-mitigant combination, thus minimal capital requirements. For Dutch regulatory reporting, the bank already uses Financial Studio. As FinArch has already drafted the CEBS Basel II reports, the alignment with the CEBS's final specifications will be performed fairly smoothly as it merely requires an adjustment of parameterisation.

"We are obviously very pleased to add Banque Artesia Nederland's to our string of Basel II customers" says FinArch CEO, Dirk De Beule. "They are making good use of Financial Studio's many options; the addition of our Basel II solution enables them to take full advantage of past investments. This project proves again that we are a recognised leader in the Basel II space and one of the few software providers that can offer an "out of the box" solution integrating the required regulatory reports. Together with the various Basel II assignments that we are currently undertaking with North American and European financial institutions, this project confirms FinArch's strength and expertise in the global market."