ABSOLUTE FINANCIAL SOFTWARE SOLUTIONS (AFSS)

Central banks define mode of compliance operation and periodic reporting requirements. AFSS Central Bank module allows users to define compliance and reporting entities requirements. Non-compliance of pre-defined criteria is highlighted.

Most investment banks are involved with money market, capital market, derivatives and foreign exchange. AFSS Investment Bank module allows for management of Counterparties, tracking of events from deal capture till settlement.

Most available to general public for operations of opening and managing bank accounts, provision of loans, credit cards, accepting deposits and providing insurance. AFSS Retail Banking module allows process to be completed seamlessly.

Commercial banks usually performs same activities of Retail banks with exception that their customers are corporate and are able to offer larger facilities to their customers. AFSS Commercial Banking modules allows cross boarder activities.

Mutual banks are owned by members and tend to have limited products. In recent times many Mutual banks are licenced to operate more like Retail banks for profits for members. AFSS Mutual bank module allows assets to be registered as collateral.

Online banks is just another name banks operating online, however there banks whose operations are solely based on online considerations including fintech organisations. AFSS Online banking modules is comprehensive for banks operation and offers needed security.

These are not traditional banks, however their lending and deposit activities are similar to Retail banks. They usually use deposited amount for secondly activities including mortgages, home improvement loans and loan refinancing. 

Similar to Cooperative banks (Retail and Commercial) except this is operated by credit union members for non-profit. They serve specific targeted market and board members decision are entered to ensure rules are not breached.

Non-profit organisations are having increasing difficulties in having a trusted long-term banking facility for their charitable activities. AFSS Non-Profit Banking modules is embedded with significant AML consideration and documentation required by banks. The bank customers are offered options to standardised regulatory reporting tools to facilitate compliance adherence.

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Islamic banks provides Sharia-compliant banking products and services to targeted market based on pre-determined principles. No interest is earned as part of the bank economics. AFSS Islamic banking modules allows for rules definitions and User defines behaviour and derivation characteristics of interest bearing products.

Technology banks are not traditional banks and are driven by technology. AFFS Fintech banking modules to be implemented as sole solution or linked with third parties solutions to create cloud base network for 24/7 access. Fintech Banks require little capital and are not necessarily defined by operational boundaries. AFSS offers consultancy to fintech.

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This type of banks are not your traditional banks. They combine customer registered details through interactions as base to start a bank. AFSS has retail, CRM and banking solutions readily available as Off - The Shelf solutions. We seamlessly combine as many modules needed for client. AFSS consultants are available to offer needed help.

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