Wolters Kluwer Financial Services, a provider of comprehensive risk management, compliance and audit solutions for the financial services industry, announces the acquisition of FinArch, a provider of integrated finance, risk, and performance measurement solutions that enable financial institutions to manage, measure, and report all financial activities.

 The acquisition strengthens Wolters Kluwer's global risk and compliance position and extends its capabilities into integrated finance, risk, and performance management. In doing so, the company can provide financial institutions with better control, insight, and management of their financial data, and ultimately, a clearer view and enhanced management of their risk and performance.

 Post financial crisis, institutions across the globe have recognized the need and value in the convergence of risk and finance, requiring high-quality data and integrated data management. Organizations also face added pressure to have a better enterprise view of risk and financial management at a time when the regulatory and business environment is incredibly dynamic. Financial organizations need to integrate and control their financial data to improve efficiency, and manage performance in the context of risk while meeting all regulatory obligations.