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FERNBACH Software
Simply better financial technology
Simply better financial technology
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Relaxing at our summer party

This year being no exception, bright sunshine and a super programme for kids set the scene for a relaxed and enjoyable Sunday in August. While colleagues and their partners enjoyed the barbecue and the summer weather, young and old alike could take part in pony riding, tobogganing, face painting for children or jumping around on a bouncy castle. This was a great opportunity to get to know colleagues’ families and to chat about subjects other than work.
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FERNBACH Financial Software S.A. successfully took part in the European Commission’s flagship EU Gateway business mission to Singapore and Bangkok. ASEAN has become an increasingly important trading partner of the EU and is the EU's 3rd largest trading partner outside Europe (after the US and China) with more than EUR 238 billion of trade in goods and services. The EU Gateway programme aims to take that even further and in its 20 years of history has selected over 3,750 European companies to showcase industrial prowess and ingenuity in 163 successful business missions.
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Together with 2500 participants from more than 200 companies from Trier, Luxembourg and its environs, the FERNBACH Running Team took part in the company run in Trier on Wednesday 24th May 2017.

We congratulate the team for a fantastic performance! In the team evaluation as well as in the individual evaluations placements were achieved in the front third!

As last year, it was a great opportunity to promote health, fun and team spirit.
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FERNBACH has celebrated the end of the year with its employees and wishes all customers, business partners and their families a merry Christmas and a successful new year 2017.
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FERNBACH staff celebrate company affiliation

2016 provides the opportunity to celebrate two happy occasions: FERNBACH is celebrating its 30th anniversary and 10 employees already belong 10, 15 and even 20 years to the company. Such a long-term commitment to one employer has become increasingly rare in our fast moving time. It speaks for a good working environment and shows customers stability and trust. Do you want to be a part of our team, then check out our vacancies at: http://www.fernbach.com/careers.html
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Spätsommerliche Grillparty 

„Raus aus dem Büro und ab ins Grüne“  hieß es am 09.September 2015 bei den FERNBACH Kollegen aus Deutschland. Die letzten schönen Spätsommertage nahmen sich die Kollegen zum Anlass die Sonne zu genießen, den Grill anzufeuern und sich das leckere Essen in gemütlicher Runde schmecken zu lassen. Bis die letzten Sonnenstrahlen den Abend einleuteten wurde gemütlich beisammen gesessen und ausgiebig gelacht.
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Delightful summer party above the “Saarschleife”

In view of the glorious sunshine, temperatures at around 28°C and everyone in high spirits, it was time once again to hold an event outside the FERNBACH offices. In July, FERNBACH staff met at the “Saarschleife“ for a relaxing barbeque. The cabin situated in a leafy place in the forest provided not only the perfect spot for a barbeque but also a fantastic view over the “Saarschleife” which is better in the original than the desktop version from Microsoft. The cosy get-together around the campfire lasted well into the evening.
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CIMB Niaga has gone live with FERNBACH’s FlexFinance software

The Project Steering Committee of CIMB Niaga gave the green light for the official go-live of another important milestone in the introduction of FERNBACH’s FlexFinance FRC software. On this occasion, CFO Pak Wan Razly Abdullah (CIMB Niaga) congratulated EVP APAC Dr. Denis Diop (FERNBACH) on behalf of FERNBACH’s implementation team for the excellent project work that has been completed so far.

CIMB Niaga, which is one of the largest banks in Indonesia, chose FERNBACH in order to be compliant with International Financial Reporting Standards (IFRS) and to update and improve their solution for Indonesian accounting standards (PSAK 50, 55).

The project step, which was completed successfully, links the limited impairment solution in the core banking system with the FlexFinance Impairment Workbench. The web interface of the FlexFinance Impairment Workbench will be used to capture and maintain recovery information at individual deal level for non-performing loans in CIMB Niaga’s loan portfolio. For the treatment of non-performing assets, the FlexFinance Impairment Workbench offers workflow-supported processes such as watch lists, task lists and control lists. In this way, it documents responsibility and activities, while making them transparent and comprehensible. As such, it significantly improves the exchange of information between the finance and the risk departments of a bank.

With the completion of this project phase, FlexFinance is in place for the treatment of financial instruments in compliance with IAS/IFRS/PSAK, including the entire risk provisioning process. Furthermore, CIMB Niaga is perfectly prepared for the future: FlexFinance Impairment Workbench has already been configured for future IFRS 9 requirements and will support CIMB Niaga in the process of becoming one of the first banks to comply with IFRS 9 requirements.

Furthermore, regional banks are currently realigning their businesses ahead of the launch of the ASEAN Economic Community (AEC) by the end of this year and its upcoming Asean Banking Integration Framework. Amending regulations and cross-border tariffs has led to a high increase in regional trade. Therefore the AEC aims at establishing strong and well-managed banks in the ASEAN region that adhere to international best-practice approaches.
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Check out our new webpage which directly centres around our Lending solution and our partnership with SAP.

http://www.fernbach-lending-software.com
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