Central Banks Controls And Make Things Happen.
Financial Sectors Solution
How AFSS modules are implemented depends on type of financial market and product under consideration. AFSS is a component based solutions and affords seamless interface with third-party solutions to achieve end-to-end (E2E) automated straight-through-processing (STP) for dataflow and management.
"The day we stop innovating is the day we admit that the past is our present and future" - Vincent Santeng (AFSS CEO).
Fintech and Telecoms Combined
This is technology driven, software development and communication channels merged to deliver values to AFSS clients. AFSS software solutions is used as either frontend and or backend. AFSS middleware and API's are linked to provision by a Telco entity to provide end-to-end dataflow and management.
Pensions and Retirement Planning
Pensions are unique financial products and are unique per market specifics of respective local markets and regulatory compliance. AFSS Pension module offers many combinations many AFSS modules including Investments, Charges and Commission, Risk Management and ALM scenarios.
Commodity and Hedging
AFSS Commodity and Hedging module allow users to use many pre-defined templates to capture product type, marketing conditions, valuation and capturing of end-of-day market prices. Market participants may wish to forward price their considerations for risk controls. AFSS Hedging sub-module allows for forward and trigger price setting as well as offering warnings of potential losses within user defined curve values.
Micro Finance & Money Remittance
This is largely unregulated market and loans and deposits are managed differently from banks loans and deposits. Group lending and deposits is also a factor managed with AFSS Micro Finance and Money Remittance module allow users to track events from transaction to final payment to beneficiary. Client control users access and levels of functionality granted
Custody and Corporate Actions
Traded and settled instruments are usually held with certified depository houses. Usually instruments could be continually be traded in a transformed stated, however entitlement to applicable coupons could be a none negotiable part from instrument issuer. AFSS Custody and Corporate Actions module allows for entitlement to be tracked as an 'Open Item' and applicable predefined charges determined. Respective nominated nostros and vostro accounts are automatically activated.
Crypto & Digital Currencies
There are many arguments especially by central banks that crypto currency is not a financial product. Though this is technology based, its intrinsic value is driven by demand and increasingly being traded on online stock market. On the other hand digital currency would be backed central bank as legal tender. AFSS Crypto and Digital solutions allows users to interface our solution as backend to aid clients ability to manage their investments.
AFSS Trade Finance module was created together with PMCT Accountants & Consultants to help all market participants understand their respective roles and responsibilities. Banks and financial entities assessed documents required and proof of shipping to ensure full compliance of AML requirements and that contract obligations are met without compromising payment and settlement obligations of their customers.
Stock Market and Trading
AFSS Stock Market and Trading module interface with external trading systems regardless of technology platform. The module has pricing and charges sub-modules allowing users to define event charges. Respective intraday pricing is recorded with graphical presentation for users consideration. The module allows bonds, equity, FX, derivatives, debt security and blockchain products. AFSS has AI for all its modules to ensure latest information is captured for pricing consideration.
Insurance and Reassurance
AFSS Insurance and Reassurance module allows different insurance products to be defined. Client is allowed to setup teams and groups within the organisation including sales agents. Different remuneration and reward packages are also defined including events that create applicable rewards. Claim events and insurance claims by customers are registered. Risk analysis and assessments are available allowing users to enter their preferred values.
Brokerage and Agency
AFSS has modules that interface with general market trading systems including stock markets. AFSS Brokerage and Agency module would capture all relevant securities, register all customers and applicable transaction fees. Most importantly client could operate online and allow customers to register and trade online by offering customers online account available 24/7 from anywhere.