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Financial Studio Foundation
The foundation components of Financial Studio embrace the basic functions for all solutions built on the platform :
Industry data model
A widely-used industry-specific data model gives banks or financial institutions the flexibility to implement any solution quickly and cost-effectively. This data model has been endorsed and implemented by major banks and financial institutions operating across the full range of the financial services industry. Any possible type of financial product and customer transaction can be modelled with no limit on the granularity supported.
Multi-dimensional reporting
Financial Studio supports the definition of reporting hierarchies on multiple dimensions across the business. It includes roll-ups based on different hierarchical structures on products, customers, departments, or any other organisational units; also existing structures residing in other applications can be uploaded and synchronised.Rules engines
An integral part of the Financial Studio foundation platform are the rules engines that serve as tools to provide flexibility and end-user control across all functional solutions. They facilitate the creation, configuration and validation of business rules using a user-friendly interface with self-explanatory wizards that guide the end-user through the processes of defining logic such as
- automated accounting generation and reconciliation (accounting),
- data capture, exposure classification and validation (Basel),
- regulatory data capture and allocation (compliance),
- and many more …
Security
Financial Studio satisfies the most rigid demands for security enforced by major financial institutions including input validation, authentication and authorisation, configuration management, sensitive data access controls, session management, cryptography, parameter manipulation, exception management, and auditing and logging.
Financial Studio Web Portal
Access to business information and financial data directly from any web browser makes real-time centralised information easy to share and maintain right across the enterprise. It can be securely connected to the Internet and to the organisation's existing intranet. Access to information is controlled and secure mechanisms are offered to all functions of Financial Studio. It can be customised for different profiles or individual users with, for example, specific dashboards. Wide reporting web based functionality include MS Reporting Services with graphs, images and extensive predefined drill-throughs, dynamic multi-dimension analysis (OLAP), MS Excel, XML, XBRL, but also text files and PDF.
Archiving & history management
User-defined, long-term or permanent storage of financial and business information at summary or detailed level is enabled within Financial Studio. Archiving of less frequently accessed historical data through a dual data-aging approach helps to reduce costs, ensures fast and easy access to historical data, and boosts system performance by optimising database retrieval times and storage overheads.
Learn more about FinArch's industry data model supporting all banking products across retail banking, wholesale banking, investment banking, private banking, ...
Contact us to hear more about Financial Studio.
