ABSOLUTE FINANCIAL SOFTWARE SOLUTIONS (AFSS)
CAPITAL MARKETS
Capital instruments including long-term stocks
AFSS BANKING SOLUTION
AFSS Stock Market and Trading module interfaces with external systems and supports various financial instruments, including bonds, equity, FX, derivatives, debt securities, and blockchain products. It includes pricing and charges sub-modules for event charges and intraday pricing with graphical presentation. AI integration ensures real-time information for pricing considerations.
Central Banks
Central banks set compliance procedures and reporting obligations. AFSS Central Bank module enables users to define requirements for compliance and reporting entities. It highlights instances of non-compliance with pre-established criteria.
Investment Banks
AFSS Investment Bank module facilitates the management of counterparties and tracks events from deal capture to settlement. It caters to the diverse activities of investment banks, including money market, capital market, derivatives, and foreign exchange.
Retail Banks
AFSS Retail Banking module ensures a seamless process for the general public to open and manage bank accounts, obtain loans, credit cards, make deposits, and access insurance services. It streamlines the operations related to these retail banking activities.
Commercial Banks
AFSS Commercial Banking modules support commercial banks in offering services similar to retail banks but tailored for corporate customers. They enable cross-border activities and facilitate larger financial facilities for corporate clients.
Mutual Banks
Mutual banks, owned by their members, traditionally offer a limited range of products. However, in recent times, many mutual banks have obtained licenses to operate more like retail banks, aiming for profitability for their members. AFSS Mutual bank module enables the registration of assets as collateral.
Online Banks
Online banks, also called virtual banks, operate solely through online platforms. They are primarily fintech organizations and conduct all their operations online. AFSS Online banking modules offer comprehensive support and robust security measures for efficient bank operations.
Savings and Loans
While not traditional banks, these institutions engage in lending and deposit activities similar to retail banks. They typically utilise deposited funds for secondary activities such as mortgages, home improvement loans, and loan refinancing.
Credit Unions Bank
Similar to cooperative banks, this type of bank operates on a non-profit basis and is managed by credit union members. They serve specific target markets and ensure compliance with rules and regulations through the implementation of board members' decisions.
Non-Profit Banks
AFSS Non-Profit Banking modules assist non-profit organisations in finding trustworthy banking facilities for their charitable activities. These modules prioritise AML considerations and fulfill the required documentation for banks. Customers are offered standardized regulatory reporting tools to ensure compliance adherence.
Islamic Banks
AFSS Islamic banking modules support Sharia-compliant banking products and services, following pre-determined principles. These modules eliminate interest from the bank's economics. Users can define rules and behaviours for interest-bearing products within the system.
Fintech Banks
AFSS Fintech banking modules provide flexible solutions for technology-driven banks. They can be used as standalone systems or integrated with third-party solutions to create a 24/7 cloud-based network. Fintech banks benefit from AFSS modules and consultancy services.
Retail Shop Banks
These banks differ from traditional institutions as they rely on customer registered details obtained through interactions. AFSS offers off-the-shelf solutions for retail, CRM, and banking that can be easily combined with other modules based on client needs. AFSS consultants are available to offer assistance as required.