F. van Lanschot Bankiers N.V., the oldest independent bank in the Netherlands, has chosen Financial Studio from FinArch in Belgium to cover accounting, capital management, management information (MIS), compliance (Basel II and IFRS) and Dutch National Bank (DNB) legal reporting. The Financial Studio platform will permit the bank to address immediate challenges, such as Basel II and IFRS, while creating a wider strategic platform for all internal and external reporting requirements.

"The different disciplines within the financial control and risk functions combining accounting functionality, capital management, compliance and MIS are all based on the same fundamentals, require shared skill sets and are on the intersection of risk and accounting," said Dr. Gerben van Gelder, policy and control manager at the bank. "The Financial Studio project will rationalize and improve the provision of finance services to the organization, ensuring that the bank is compliant with anticipated regulatory changes in IFRS and Basel II."

With a history dating back to 1737, F. van Lanschot Bankiers N.V. focuses on providing financial services mainly to high net-worth individuals and to family businesses through 32 branches in the Netherlands.

www.vanlanschot.com
www.finarch.com