Mizuho Corporate Bank Implements Financial Studio

Merelbeke/Amsterdam – 12 September 2006 - Financial Architects (FinArch), international provider of a Finance Resource Planning (FRP) platform for the finance industry, today announced that Mizuho Corporate Bank selected Financial Studio to comply with regulatory reporting requirements.

The Brussels’ branch of Mizuho Corporate Bank was opened in July 2006. While Mizuho Corporate Bank has been providing support and services to its customers in Belgium through its head office in Amsterdam, the opening of the Brussels Branch enables Mizuho to provide more community-based services to their customers headquartered in Belgium. Regulatory reporting requirements for its Belgian operations are handled from head office in Amsterdam, with FinArch’s Financial Studio solution.

FinArch provides customers worldwide with local and global accurate and timely compliance and consistency, based on its solid international experience and best-of-breed regulatory reporting. Financial Studio eases the burden of regulatory reporting for financial institutions as it complies with the reporting requirements of central banks, monetary authorities, and other financial regulators in multiple countries, as well as with the global IAS directives and Basel II requirements.

“We are obviously very pleased to have a prestigious company such as Mizuho Corporate Bank selecting FinArch’s solutions,” says Frédéric Simons, VP Regional Development at FinArch. “The selection and implementation process has run very swiftly, and we are quite proud to have managed to get Mizuho Corporate Bank operational in such a very short time frame. We trust this way we have been able to confirm the bank’s confidence in our company and in our solutions. We have made a good head start for a mutually fruitful long-term relationship.”

About Mizuho Corporate Bank Nederland NV

Mizuho Corporate Bank aims to provide adequate responses to the ever-diversifying, increasingly sophisticated financial and business strategy needs of domestic and overseas customers by offering optimal solutions that use our state-of-the-art financial technology (“FT”) and information technology.

More specifically, we have channelled as many of our management resources as possible into product businesses such as syndication, securitization, real estate finance and acquisition finance so that we can offer our customers at home and abroad high value-added products and services that make the most of our advanced FT. As part of these efforts, we established a more powerful business promotion structure in December 2002, when we carried out organizational changes involving the setting up of the Syndicated Finance Business Unit, the Financial Products Unit and the Asset Management & Transaction Banking Unit.

Further, in order to fully utilize the group’s comprehensive financial services capabilities, we will strengthen cooperation between group companies such as Mizuho Bank, Mizuho Securities and Mizuho Trust & Banking still further while providing our customers with powerful support for their global business development through our well-established international network.

In order to strengthen our earnings and financial structures, we are devoting considerable effort in expanding our non-interest income and reinforcing our portfolio management structure with a view to greatly enhancing our capital and asset efficiency.

www.mizuho-cb.nl

About FinArch

FinArch (Financial Architects nv), with offices in the major financials centres worldwide, is a global value leader in providing a new generation of financial management software. The concept of the platform and the integrated approach of the different modules enable innovative financial institutions to quickly implement tactical solutions meeting the overall strategic objectives in financial reporting.
FinArch provides a unique blend of domain expertise, operational services, and technology solutions that accelerate and facilitate financial institutions’ ambition to implement a cost effective and reliable financial management platform.

www.finarch.com 

For more details, please contact: