The move will allow IBM to integrate its FileNet P8 content and process management software into Fernbach’s flagship FlexFinance Loan platform, which helps financial lending institutions to manage personal and corporate loans.
Both companies will also engage in joint marketing initiatives for the integrated product.
Fernbach is based in Munsbach, and develops a family of FlexFinance applications that integrate elements of risk management, loan management risk and regulatory requirements, balance sheet reporting and controls aimed at banking and finance.
The company likes to refer to this as enterprise-wide value risk-management (EVRM) which is a methodology built on a centralized metadata data repository that which collects all data from the banking and trading books and other data sources.
The company has developed specific FlexFinance applications for IFRS, Basel II, Liquidity Management, and Regulatory Reporting.
IBM said its FileNet P8 system is already installed in over 1,000 financial institutions worldwide, including most of the top 25 banks.
