TIM and FinArch Form Strategic Partnership
Posted at May 25, 2010
Market-leader Total Information Management Corp. (TIM) and Financial Architects (FinArch), a global provider of new generation financial management software, recently joined forces to cover the Philippine banking industry’s ever growing requirements for accounting, finance, risk, and compliance reporting.
TIM has been a major IT provider for the banking sector since it was founded in 1985. This partnership with FinArch further strengthens its presence in the financial arena.
FinArch’s integrated financial management platform, Financial Studio, addresses the financial industry’s diverse business requirements, including the forthcoming Basel II Reporting environment. Based on open architecture, FinArch’s solutions allow for an easy integration with existing IT systems of any bank while easing the burden of regulatory reporting as it complies with the reporting requirements of central banks and monetary authorities anywhere in the world.
FinArch has recently been positioned by Gartner, Inc. as one of the leaders in the Magic Quadrant for Basel II software application report in November 2006.
Under the partnership agreement, TIM shall handle the sales, marketing, and implementation efforts within the Philippines. FinArch shall provide the necessary technical pre-sales and post-sales support for every customer engagement.
“FinArch’s choice of TIM as its Philippine partner adds a feather to our cap of providing world-class banking solutions to the local market. Our current portfolio of solutions now raises the bar of our capability to meet any bank’s mission-critical business requirement,” says Mr. Jose Mari M. Antunez, President and CEO of TIM.
“The mission and vision applied by TIM creates a strong synergy together with FinArch’s business approach,” says Nigel Lee, Vice President for Global Sales and Business Development at FinArch.
“Together we seek to provide integrated, state-of-the-art products and solutions that are tailored to the financial market’s specific needs.” TIM is a 100% Filipino-owned IT company established in 1985 and is a leading technology services company providing hardware, hardware maintenance, software and system integration, business recovery and outsourcing services for some of the country\'s largest enterprises.
FinArch, with offices in the major financial centers worldwide, provides a unique blend of domain expertise, operational services, and technology solutions that accelerate and facilitate financial institutions’ ambition to create a cost-effective and reliable financial management platform. It was founded in Belgium in 1997. Through the years, the company has continued to grow and now has locations in Luxembourg, Singapore, Spain, United Kingdom and the USA.