Asian bank buys Fernbach solution

Compliance tools

In late August, Fernbach Software, a provider of IFRS compliance and enterprise-wide value and risk management systems, announced that its FlexFinance IFRS solution has been purchased by Industrial and Commercial Bank of China (ICBC), Asia to fulfill all of the bank's IFRS requirements, including cash flow generation, effectiveness testing, calculations, posting and reporting. ICBC (Asia) is a group member of ICBC, and is the sixth biggest bank in terms of total assets among Hong Kong banks. The

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