FERNBACH finalises takeover of CMB
Published October 1st, 2008
FERNBACH, a leading provider of comprehensive solutions for national and international financial institutions, has expanded its portfolio for FlexFinance® Profitability solutions by taking over the Viennese company, ‘Control-Management Beratung’ (CMB).
With the takeover of the Austrian consulting company, CMB, in September 2008, FERNBACH broadened its expertise even further in the area of profitability by integrating CMB’s system into the FlexFinance® Profitability solution. FERNBACH’s risk management components will be an ideal extension to the resulting application. This merger has opened up the possibility of implementing a bank management strategy focussing on risk and yield which results in a sustainable increase in added value.
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