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Press Releases from FERNBACH (33 total)

FERNBACH becomes a new SAP Services Partner

Frankfurt, 10 December 2014 – FERNBACH-Software, a leading international provider of lending and finance solutions, has joined the SAP PartnerEdge Programme as an SAP Services Partner of SAP Deutschland SE & Co. KG. SAP Services Partners support SAP customers in the development, implementation and integration of SAP solutions, optimise business processes and provide strategic consulting services. With this step FERNBACH intends enhancing their services portfolio by offering their products

CIMB Niaga selects FERNBACH’s FlexFinance software for PSAK 50/55 and IFRS 9

Singapore, 27 June 2013 – FERNBACH-Software, the leading worldwide provider of Finance & Risk Management Solutions, has announced today that they have been selected by CIMB Niaga to implement their solution FlexFinance®. CIMB Niaga, one of the largest banks in Indonesia, chose FERNBACH-Software through a comprehensive and competitive selection process. They will be implementing FERNBACH’s FlexFinance® Financial Risk Management solution to adhere to International Financial Reporting Standards (IFRS) and to

New SaaS model puts FERNBACH on expansion course

LUXEMBOURG, TANGERANG & ACCRA, 18 FEBRUARY 2013 – FERNBACH-Software, a leading international provider of financial software, has formed very strategic partnerships with PT Telkomsigma in Indonesia and Datacell Consult in Ghana. Both partners are providers of data centre solutions in their respective countries. As well as offering on-premise solutions, they implement the innovative SaaS model (software as a service) and will operate FERNBACH's software in their own computer centres. Their

Cooperation Between FERNBACH-Software and BIAN Bears Fruit

Luxembourg & Frankfurt, 22 June 2010 – Since international software provider FERNBACH-Software joined the independent industrial association BIAN (Banking Industry Architecture Network) in 2008, their work has come a long way. FERNBACH is not only the Chairman of the Lending working group but has also worked with SAP and other working group members to prepare the first set of deliverables. Together, FERNBACH and BIAN aim to simplify implementation of SOA

FERNBACH, HP and Intel team up to address Liquidity Risk Management

London, 13 April 2010 – FERNBACH, (, a global leader in risk and financial management solutions, today announces a strategic initiative with HP and Intel, both leaders in innovative technology platforms, to service the fast moving Liquidity Risk space. The three vendors have teamed up and are introducing a unique packaged solution – Liquidity Risk Appliance – to help firms in the United Kingdom meet the forthcoming FSA requirements. Given

MPI Europe and FERNBACH Announce Liquidity Risk Appliance Partnership

London, 24 March 2010 – MPI Europe, the specialist financial services consultancy has announced today a strategic partnership with FERNBACH, a global provider of accounting and risk software for the finance industry to address liquidity risk and related stress testing requirements. The strategic partnership aims to provide financial organisations with an off-the-shelf solution to the Financial Services Authority’s (FSA) liquidity risk deadline, which takes effect in June. The FSA requires all

Optial and FERNBACH announce strategic partnership

London, 02 March 2010 – Optial, the operational risk specialist, announced today a strategic partnership with FERNBACH (, a global provider of software for the finance industry. The partnership builds on both organisations’ domain and technical expertise and will provide clients with a best in class qualitative and quantitative operational risk framework by embedding FERNBACH’s FlexFinance® Analytix platform into Optial’s operational risk management system. FlexFinance® Analytix is a high performance

FERNBACH wins Banking & Finance ICT Innovation Award once again in 2009

Brussels & Luxembourg, 02 December 2009 – FERNBACH-Software, a global leader in sophisticated component-based solutions for financial institutions, has once again received the Banking & Finance ICT Innovation Award for the Belux region. The internationally-renowned software company with its corporate headquarters in Luxembourg entered this year’s contest with FlexFinance® Analytix Liquidity Reporting, its revolutionary risk management solution that is ideally suited to help firms meet new and upcoming national and

FERNBACH exclusively partners with Hitachi Consulting to expand into the Japanes …

Luxembourg, 01 September 2009 – FERNBACH-Software, a leading provider of software solutions for financial institutions, has signed an agreement with Hitachi Consulting Co., Ltd. to resell and provide on-the-ground support for FERNBACH’s FlexFinance® IFRS solution. This partnership will enable Japanese financial institutions to generate IFRS-compliant accounting entries and reports and to meet any challenges IFRS-compliant reporting may present. Hitachi Consulting incorporates years of experience of the Japanese market and complements

FERNBACH-Software opens subsidiary in Seoul, South Korea

Seoul & Luxembourg, 14 July 2009 – Following the latest successful developments in APAC region, FERNBACH-Software has opened a subsidiary in Seoul to stimulate the acquisition of new customers and facilitate support for existing customers in the region. Yoon-Sik Ma, who will be supported by several new consultants, has been recruited as Manager of FERNBACH-Software Korea. Previously, he worked as a solutions expert for Fermat for three and a half

FERNBACH optimises liquidity reporting for NORD/LB Luxembourg

Luxembourg, 02 July 2009 – FERNBACH-Software, a global provider of award-winning financial software solutions, and Norddeutsche Landesbank Luxembourg have concluded a contract for the solution "FlexFinance® Analytix Liquidity Reporting”. Due to a lengthy and successful co-operation with FERNBACH, NORD/LB Luxembourg decided to add the high-performance software FlexFinance® Analytix Liquidity Reporting, developed specially for liquidity risk management in banks, to its existing solutions. NORD/LB Luxembourg, which is a sub-group

Partnership between FERNBACH and the South Korean company KT FDS pays dividends …

Seoul & Luxembourg, 19 May 2009 – KT FDS, a South Korean company, part of the KT conglomerate and partner of FERNBACH, a supplier of leading IFRS solutions for the finance industry, have been working together successfully since early 2008. KT FDS’ task as reseller is to offer FERNBACH’s FlexFinance® IFRS to South Korean banks, to provide support and to carry out maintenance. From 2010 South Korean banks will be

FERNBACH continues to expand with substantial investment in international operat …

Luxembourg, 27 April 2009 – FERNBACH, a leading international provider of solutions for Multi-GAAP, Risk and Compliance and Lending, today announced they are expanding their international operations and hiring significant new staff to deal with current and anticipated growth expected from international operations. To reflect this FERNBACH is relocating their London facilities by moving to larger offices within the City and relocating central functionality from Luxembourg to their expanded international

Volksbank AG and leading mortgage and private banks in Austria opt for FERNBACH …

Vienna & Frankfurt, 25 March 2009 – The Österreichische Volksbanken group, under the leadership of Volksbank AG, one of Austria's largest banking groups, as well as five private banks and four mortgage banks have chosen the FlexFinance® Lending credit solution from FERNBACH-Software. FERNBACH-Software AG has thus been able to win another major group of customers in Austria and to strengthen its base in Vienna. Under the stewardship of IT service providers,

GE Money Bank chooses FERNBACH for IFRS, US GAAP and Czech GAAP parallel account …

Prague & Luxembourg, 14 January 2009 – FERNBACH, a leading international provider of solutions for IFRS compliance, multi-GAAP accounting and ICAAP has been chosen by GE Money Bank Czech Republic to automate its accounting according to three parallel standards: IFRS, US GAAP and Czech GAAP. The agreement covers these accounting requirements for GE’s five financial institutions in the Czech Republic. The preconfigured FERNBACH solution, FlexFinance® Accounting for parallel accounting, will provide GE

Successful Implementation of FERNBACH’s Margin Optimiser at NORD/LB

Hanover & Luxembourg, 02 December 2008 – In future, Norddeutsche Landesbank Girozentrale (NORD/LB), one of the largest German financial institutions, will benefit fully from the Margin Optimiser from FERNBACH, a leading provider of modular service packages for multi-GAAP accounting, risk management, compliance and lending operations. The uncertainty of future interest development, the fluctuations in customer deposits and customer interest rates in the private customer sector represent the major challenges for FlexFinance®

KT FDS as reseller for FlexFinance® supports expansion of FERNBACH in the Korea …

Seoul & Luxembourg, 19 November 2008 – The Korean company KT FDS and FERNBACH, a provider of award-winning solutions for IFRS, are delighted to announce a strong alliance in South Korea. The basis of the partnership is formed by KT FDS being the reseller of FlexFinance® products for Korean banks, which desire to acquire the leading IFRS Accounting Generator by FERNBACH. KT FDS is a reliable enterprise providing comprehensive solutions for

FERNBACH-Software joins Banking Industry Architecture Network (BIAN)

Luxembourg & Frankfurt, 21 October 2008 – FERNBACH-Software, a global leader providing sophisticated component-based solutions is pleased to announce that it has joined the Banking Industry Architecture Network (BIAN). BIAN’s goal is to enable banks to rapidly adapt their IT systems to accommodate strategic and operational business changes and to enhance interoperability between banks. To achieve this, BIAN seeks to accelerate the adoption of Service-Oriented Architecture (SOA) in the

FERNBACH finalises the takeover of the Austrian company CMB

Vienna & Luxembourg, 30 September 2008 – FERNBACH, a leading provider of comprehensive solutions for national and international financial institutions, has expanded its portfolio for FlexFinance® Profitability solutions by taking over the Viennese company, ‘Control-Management Beratung’ (CMB). With the takeover of the Austrian consulting company, CMB, in September 2008, FERNBACH broadened its expertise even further in the area of profitability by integrating CMB’s system into the FlexFinance® Profitability solution. FERNBACH’s

FERNBACH partners with IBM GCG to bring leading IFRS software to banks in China

London & Hong Kong, 26 August 2008 – FERNBACH, a leading provider of solutions for IFRS accounting and Enterprise-wide Value and Risk Management, has entered into a partnership with IBM China. Together, FERNBACH and IBM China will introduce FERNBACH’s FlexFinance® IFRS software for banks to China. FERNBACH’s FlexFinance® IFRS is a standard-compliant solution for double-entry bookkeeping which enables banks to implement state-of-the-art accounting processes that are compliant with IFRS. The software

FERNBACH appoints Suhas Nayak as Head of Product Sales EcoCap

Luxembourg & London, 06 June 2008 – FERNBACH, a global leader in providing software solutions for the finance industry, has appointed Suhas Nayak as Head of Product Sales EcoCap (Economic Capital). He will be based in FERNBACH’s London branch and responsible for product sales globally. Nayak brings experience working as a Project Leader, Senior Consultant and Director at different international IT and software organisations. His most recent position was a Director

FERNBACH and Intertec open Basel II Competence Centre in Dubai and close deal wi …

Luxembourg & Dubai, 27 May 2008 – FERNBACH, a provider of award-winning solutions for Enterprise-wide Value and Risk Management (EVRM), has established a Basel II Competence Centre in Dubai and has been selected by Commercial Bank International (CBI) to provide its FlexFinance® Basel II solution. The competence centre is a collaboration between FERNBACH and Intertec Systems, a FERNBACH partner that sells and implements FERNBACH’s FlexFinance® EVRM Suite, and provides customer training

FERNBACH reinforces its team with Ulrich Brunett as the new Country Manager for …

Frankfurt & Luxembourg, 20 May 2008 – FERNBACH-Software, a leading provider of software solutions for Enterprise-wide Value and Risk Management (EVRM), appointed Ulrich Brunett (49) as the new Country Manager for Germany on April 2008. Ulrich Brunett, who has a degree in business administration, was formerly engaged in consulting, sales, marketing and management in renowned national and international IT and software companies. His last position was in management at SunGard

FERNBACH appoints Christian S. Reisner as the new Country Manager for Austria & …

Vienna & Luxembourg, 22 April 2008 – FERNBACH-Software, a leading provider of software solutions in the field of Enterprise-wide Value and Risk Management (EVRM), has selected Christian S. Reisner as the new Country Manager for Austria & CEE in charge of the FlexFinance® Product Suite. The Luxembourg banking software specialist intends consolidating its international expansion strategy and demonstrating its commitment to these growth markets. In his new position, the Viennese-born Manager

Successful Implementation of the Liquidity Solution at DVB Bank AG

Frankfurt & Luxembourg, 02 April 2008 – FERNBACH, a leading provider of solutions for Enterprise-wide Value and Risk Management (EVRM) has announced that DVB Bank AG, a specialist for transport finance, has opted for the FlexFinance® Liquidity solution. This will enable DVB to implement risk management and profitability management processes which meet the minimum requirements for risk management (MaRisk) and hence the requirements laid out in the second pillar of

FERNBACH partners with PricewaterhouseCoopers Korea to establish IFRS Centre of …

Luxembourg, London & Seoul, 11 March 2008 – FERNBACH, a leading provider of solutions for IFRS accounting and Enterprise-wide Value and Risk Management, has entered into a partnership with auditing company SAMIL PricewaterhouseCoopers, the Korean member firm of PricewaterhouseCoopers. The partnership involves the establishment of an IFRS Center of Excellence in Seoul, South Korea, to train, educate and prepare banks for IFRS compliance. The FERNBACH solution FlexFinance® IFRS has already

FERNBACH launches Profitability Software

Luxembourg, 26 February 2008 – FERNBACH, a leading provider of solutions for Enterprise-wide Value and Risk Management (EVRM), has launched FlexFinance® Profitability, a software solution that will enable banks to manage the planning and budgeting process in an easier, faster and more transparent way. FlexFinance® Profitability provides the complete software solution for banks’ pricing, planning, internal reporting, and profitability analysis including product, organisational and customer analysis. Data is gathered from

FERNBACH expands into Chinese and Asian market by opening new Hong Kong office

Hong Kong & Luxembourg, 22 January 2008 – FERNBACH, a leading international provider of solutions for Enterprise-wide Value and Risk Management (EVRM), has opened another international branch office in Hong Kong to reach new customers and improve the support for its growing number of existing customers in Asia. Arnaud Picut Director for Asia/Pacific, said: “The Chinese and Asia/Pacific market has great potential for us, particularly for the sale and support of

FERNBACH and IBM form technology partnership

Full integration of FERNBACH FlexFinance® Loan with IBM FileNet P8 for joint go-to-market strategy Bad Homburg & Luxembourg, 17 July 2007 - The FERNBACH-Software Group, a provider of banking software solutions for loan processing and Enterprise-wide Value and Risk Management, has agreed to form a technology partnership with world leader IBM. The objective of this partnership is to integrate the FERNBACH product ‘FlexFinance® Loan’ with the IBM FileNet P8 Enterprise Content

FERNBACH-Software extends its international presence through strategic alliance …

Luxembourg & Moscow 6 July 2007 - FERNBACH, a leading supplier of Enterprise-wide Value and Risk Management (EVRM), has entered into a partnership agreement with the Russian company IBS (Information Business Systems). This partnership is designed to capitalise upon IBS’ leading position in the Russian and Eastern European market while leveraging FERNBACH’s product offering, FlexFinance®, to support financial institutions in Russia, Byelorussia, Azerbaijan, Kazakhstan and the Ukraine. The contract includes

DVB Bank AG chooses FERNBACH Liquidity Management

DVB Bank AG increases visibility and economics of risk management processes with FERNBACH Liquidity Management Frankfurt and Luxembourg, 19 June 2007 – International transport finance specialist DVB Bank AG (DVB) has deployed a liquidity solution from FERNBACH-Software to enhance its risk management decision-making processes. FERNBACH is a leading provider of Enterprise-wide Value and Risk Management and liquidity management software solutions. The company’s flagship product, FlexFinance® Liquidity, enables financial organisations and banks

Credit Europe Bank selects FERNBACH for IFRS compliance

Luxembourg, 22 May 2007 – FERNBACH, a leading provider of solutions for IFRS accounting and Enterprise-wide Value & Risk Management, has been chosen by Credit Europe Bank (CEB) to provide a low risk, cost-efficient upgrade to full IFRS compliance. The solution, FERNBACH’s FlexFinance® IFRS, has a native connector to the Globus banking system provided by TEMENOS. This allows financial institutions that have deployed the TEMENOS solution to move to full

CISAL and EEPK, both TEMENOS customers, select FERNBACH for IFRS

Luxembourg, 11 April 2007 – FERNBACH, a leading provider of solutions for IFRS accounting and Enterprise-wide Value & Risk Management, has won two new customers in Luxembourg. Commerzbank International S.A. Luxemburg (CISAL) and Erste Europäische Pfandbrief- und Kommunalkreditbank AG (EEPK) have both selected FERNBACH FlexFinance® IFRS to streamline their accounting processes and to enable compliance with International Financial Reporting Standards (IFRS) which soon may replace Luxembourg’s former national accounting standard. Commerzbank

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