Central Banks Controls And Make Things Happen.
FINANCIAL SECTORS SOLUTION
Vincent Santeng, expressed that when we cease to innovate, we acknowledge that the past governs our present and future.
The implementation of AFSS modules varies depending on the specific financial market and product being addressed. AFSS utilizes a component-based approach, enabling a smooth integration with third-party solutions in order to achieve end-to-end (E2E) automated straight-through processing (STP) for efficient dataflow and management.
Fintech and Telecoms Combined
AFSS combines technology, software development, and communication channels to provide value to its clients. AFSS software solutions serve as both frontend and backend components. The AFSS middleware and APIs are connected to a Telco entity, enabling seamless end-to-end dataflow and management.
Pensions and Retirement Planning
Pensions are distinct financial products that vary based on the specific characteristics and regulatory requirements of local markets. AFSS offers a dedicated Pension module that can be combined with various other AFSS modules, such as Investments, Charges and Commission, Risk Management, and ALM scenarios.
Clearing and Settlement Instructions
AFSS Clearing and Settlement provides robust connectivity for efficient data transfers, enabling transaction management. AFSS offers reliable software solutions for tracking and managing clearing and settlement instructions. Simplify operations with AFSS Clearing and Settlement solutions.
Securities and Debt Instruments
Significant strength of AFSS Securities and Debt Instrument modules is AFSS flexible financial product definition and our many sub-classifications. This highly configurable module is designed to help users better manage securities, debt instruments, and associated financial transactions.
Commodity and Hedging
The AFSS Commodity and Hedging module offers pre-defined templates to capture product type, marketing conditions, valuation, and end-of-day market prices. Users can utilise these templates to forward price their considerations for risk controls. The AFSS Hedging sub-module enables users to set forward and trigger prices and provides warnings of potential losses based on user-defined curve values.
Micro Finance & Money Remittance
In the unregulated market, loans and deposits are managed differently compared to traditional banking systems. AFSS addresses this through its Micro Finance and Money Remittance module, which enables users to track transactions from initiation to final payment to the beneficiary. AFSS provides client control over user access and grants varying levels of functionality based on user roles.
Custody and Corporate Actions
Traded and settled instruments are typically held by certified depository houses. These instruments can be traded while maintaining their transformed state, but entitlement to applicable coupons remains non-negotiable from the instrument issuer. AFSS Custody and Corporate Actions module tracks entitlement as an 'Open Item' and determines predefined charges. The module also automatically activates respective nominated nostros and vostro accounts.
Crypto & Digital Currencies
Central banks often argue that cryptocurrency is not a financial product, despite its technology-driven nature. Its value is primarily determined by demand and it is increasingly traded on online stock markets. In contrast, digital currency is backed by a central bank and recognised as legal tender. AFSS Crypto and Digital solutions provide a backend interface to assist clients in managing their investments.
AFSS Trade Finance module, created with PMCT Accountants & Consultants, aids market participants in understanding their roles and responsibilities. It assists banks and financial entities in assessing required documents and proof of shipping to ensure AML compliance and meet contract obligations while preserving payment and settlement commitments to customers.
Stock Market and Trading
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.
Insurance and Reassurance
AFSS Insurance and Reassurance module allows for the definition of insurance products. It enables the setup of teams and groups, including sales agents, with customisable remuneration and reward packages tied to specific events. The module registers claim events and insurance claims by customers. Risk analysis and assessments are available, allowing users to input preferred values.
Brokerage and Agency
AFSS interfaces with general market trading systems, including stock markets, through its modules. The AFSS Brokerage and Agency module captures relevant securities, registers customers, and tracks transaction fees. It provides online functionality, allowing clients to offer their customers 24/7 access to online accounts for registration and trading from any location.