Wolters Kluwer Financial Services Acquires FinArch

Posted by Orb Staff on July 16, 2012 No Comments
Categories : Residential Mortgage

11990_wolters-kluwer_financial_services Wolters Kluwer Financial Services Acquires FinArch Minneapolis-based Wolters Kluwer Financial Services has acquired FinArch, a Belgium-headquartered provider of integrated finance, risk and performance measurement solutions that enable financial institutions to manage, measure and report financial activities.

‘By better harnessing the power of their data across all asset classes, financial organizations can more effectively manage risk and financial performance, and help ensure regulatory compliance while reducing costs and increasing operational effectiveness,’ says Brian Longe, CEO of the Wolters Kluwer Financial & Compliance Services division. ‘Together with our risk and regulatory reporting solutions, we'll be able to offer our customers more options and greater flexibility to meet the needs specific to their organization and the changing marketplace. We will continue to build out our global capabilities, providing regulatory reporting for 50 countries and a full suite of solutions to help better manage performance and meet the most critical risk needs financial organizations face today and into the future.’

The FinArch management team will join Wolters Kluwer Financial Services. Terms of the deal were not disclosed.

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