more

Wednesday, June 19, 2013 | as of 4:32 AM ET

Bank Technology News

Register for a Free Trial

Subscribe for Full Access

Wolters Kluwer Buys FinArch

by Jackie Stewart

JUL 16, 2012 12:35pm ET

Print

Email

Reprints

Comment

Wolters Kluwer Financial Services is expanding into the integrated finance, risk and performance management field with the acquisition of FinArch.

Wolters Kluwer said the purchase, announced Monday, also strengthens its risk and compliance offerings. FinArch's management team will join Wolters Kluwer.

FinArch, based in Belgium, provides integrated finance, risk and performance measurement products that help financial institutions to manage, measure and report their activities. Wolters Kluwer, of Minneapolis, provides risk management, compliance and audit products for the financial services industry.

The purchase price was not disclosed.

JOIN THE DISCUSSION

Comment

SEE MORE IN

Technology

IN PICTURES

Shrinking Branches: How Wells, Umpqua and Bank of West are Downsizing

Branch transaction volumes are dropping but many banks continue to view physical facilities critical to acquiring customers, originating loans and branding businesses: The branches just need a different, lower-cost design.

Wells Fargo (WFC), Bank of the West and Umpqua (UMPQ) are among the banks scaling down branches and eliminating teller windows. Here's a photo sampling of branch concepts that do away with the need for larger real estate.

(Image: Thinkstock)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:

Mobile Banker of the Year

We heard it again and again from Charaka Kithulegoda and other bankers honored in our Mobile Banker of the Year package: simplicity and ease of use are the keys to sound app design.

MOST EMAILED

PaymentsSource.com What's this?

TWITTER

FACEBOOK

LINKEDIN

More Departments