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The Bank of New York and Financial Models Co. have come to an arrangement to support BNY outsourcing clients with FMC software. BNY has used back-office technology from FMC since 1992 and also owns a 20% stake in the Toronto-headquartered vendor. BNY will now package the software to clients of its mid-size investment-manager outsourcing line, said Thomas Perna, senior executive v.p. in New York. Marketing FMC in its outsourcing offering will help present a streamlined package to prospective clients while also boasting capable technology, he added.