Belgium's Financial Architects (FinArch) is embedding technology from Business Objects into its suite of analysis and reporting components, Financial Studio.
Financial Studio addresses banks' internal and external reporting needs including financial accounting, profitability, solvency and risk calculation and Basel II and IAS/IFRS reporting.
The Business Objects technology will be added as a front-end option to enable easy ad hoc reporting and enhance the variety of reporting and analysis features within the package.
Chantal Sohier, FinArch, comments: "By embedding Business Objects as an option with our solution, our customers can benefit from a powerful and easy-to-use business intelligence solution to obtain and provide information across the company."
FinArch says the system's open architecture also allows customers to integrate other third-party reporting products.