The Next-Generation Corporate
Banking Platform
Automate finance, treasury, and payments in real-time on one platform
Winner of Payment Technology Provider of the Year
UK Payments Awards 2022
About Fennech
Welcome to Fennech Financial, the next-generation Corporate Banking Platform as a Service that aims at hyper-automating Payments, Liquidity Management, working capital and more broadly Treasury and Finance.
We place ourselves at the crossroads between ERPs, a Core Banking System and a TMS. Indeed we will have some similarities with all of these systems but we seek to bridge the gaps between them.
What we offer is visibility, control, and end-to-end automated processing across all these processes with very little need for human intervention.
Introducing F³ – short for Fennech Financial Framework – our core platform, designed to transform how businesses manage payments, liquidity, and treasury operations.
What is F³?
Configurable for Your Needs
Who Uses F³?
The Power of Hyper-Automation
Unleash Transformational Efficiency in Your Finance Operations
At Fennech, we understand the unique challenges enterprises face in navigating today’s complex financial landscape. We offer tailor-made, scalable solutions designed to streamline your operations and empower strategic decision-making.
Our cloud-based technology seamlessly integrates with your existing IT infrastructure, ensuring continuity and minimising disruption throughout the implementation process.
- Achieve superior efficiency while mitigating risk with Fennech’s powerful platform.
- Handle high transaction volumes at lower costs.
- Enjoy the peace of mind that comes with our robust security architecture.
Our proprietary F³ platform empowers you to thrive in the digital age. Leverage cutting-edge automation, advanced analytics, and real-time insights to gain a competitive edge.
Our Solutions
Advanced Reconciliation Manager
Automatically allocate and reconcile incoming cash movements from your bank accounts with the correct individual transactions on your ledger
Auto Payments
Automate large-scale payables and receivables at a transactional level creating and controlling your own set of rules
Liquidity Management
Optimise your cash position across multiple trading and legal entities. Be it daily cash pooling or term loans, automating control credit positions, process sweepings, distribute interests, and documentation of loans
FX Hub
Generate new revenues, gain visibility and control over all your FX activity and automate your trade execution and post-trade operations
In-House Virtual Bank
Create your own comprehensive In-House Virtual Bank allowing you to “plug and play” with your multiple banking partners
API Connect
Connect your core operating systems and get all your input standardised, converted and enhanced into the specific forms needed by the Banks, Payment institutions or Merchant eCommerce APIs
Agency Management
Manage and track all your payables and receivables between a network of agencies, suppliers, affiliate companies, or internal group entities
Virtual Accounts
Create an unlimited number of accounts and simply define a set of business rules to allocate payments to and from those V-accounts. Reduce bank charges and automate reconciliation
Our Platform Components
At Fennech, we leverage cutting-edge artificial intelligence and machine learning to empower businesses with seamless financial management solutions. Through secure data encryption and meticulous processing, we unlock the transformative potential of your valuable financial and contractual data.
How?
Fennech’s IP derives from its’ smart architectural combination of core components delivered as a Platform-As-A-Service (PaaS). Our platform is a low-code development environment where each component is parametrised and configured to deliver the exact solutions our clients need.
Digital Contracts – proprietary IP, equivalent to smart contracts outside of Blockchain – are dynamically generated through advanced AI algorithms. These self-executing agreements ensure frictionless, autonomous transaction execution, minimising manual intervention and maximising efficiency.
Embrace a new era of transparency, security, and agility in financial operations. Contact us today to discover how our AI-powered solutions can revolutionise your financial management.
Look at the components in more detail:
Digital Contracts
Also known as e-contracts are Data Objects that allow us to capture all the relevant data points for a financial transaction. It streamlines workflows, saves costs, and facilitates fast and secure self-execution.
Smart Transactions
Self-executing individual transactions relating to the digital contract and triggered by code, ensuring automatic, secure, and efficient financial or contractual fulfilment.
Entity Model
Allows many different views of the Digital Contract and Smart Transactions based on different hierarchies chosen by your company e.g., legal entity, business line, cost centre, etc.
Credit & Settlement Rules
Machine Learning and AI
F³ uses a wide range of advanced technologies to make it easy and efficient to use, helping humans navigate and master complexity. We use Natural Language Processing, Expert System Business Rules, Machine Learning, and Deep Learning.
Hypercube
All smart transactions are stored in a data lake. Data is accessed in real-time via the Fennech Hypercube. The user will be able to access and dissect information via our data reporting API.
API
F³ boasts a comprehensive library of secure public APIs, meticulously designed for effortless platform consumption and seamless integration with your existing business applications and banking partners. This API-native, modular architecture underpins F³’s very core, ensuring seamless internal component interaction and maximising your ability to extend its functionality precisely as needed.
Smart Data
To guarantee seamless AI integration and minimise storage costs, F³ employs a tailored data acquisition strategy. Utilising ad hoc loaders, we ensure only relevant information enters the system, then cleanse and harmonise it through rigorous structuring and sanitisation processes. This meticulous approach delivers pristine, AI-ready data, maximising value and minimising overhead.
Micro Apps
We offer rapid deployment of custom-built “ad hoc” apps tailored to individual client needs. This unlocks the platform’s power through targeted functionality and best-in-class UX, maximising value for every user.
We selected Fennech to deliver our 2 major banking API and FX hub infrastructures because we were impressed by both the flexibility, capability, and power of the Fennech platform, and the experience and expertise of the team.
In Fennech we saw a Platform and a Senior Management Team that was offering a new innovative service that could help London further build on its reputation for being the home of the most exciting new FinTechs.
Mitratech have partnered with Fennech to provide our clients with the options to find, risk assess, manage and decommission their Shadow IT applications across their life cycle whether EUCs, Models or Excel files.
Working in partnership with Fennech meant that we are able to quickly, and cost-effectively, add significant new functionality to our electronic accounting and cash management solutions for our Insurance and Reinsurance customers. Digitally enabling our clients is a key aim of WCL and our partnership with Fennech Financial further enhances our capabilities.
After investigating a number of Fintechs for Coforge to partner with, we selected Fennech because we thought the management team was people we could work well with, and because we could see how combining the digital capabilities of the F³ platform with Coforge’s existing competencies will create real added value for our customers.
As the pioneer of Consulting 4.0, Sia Partners chose Fennech out of a large pool of companies during our APIficator startup scouting programme as we saw fantastic technological innovation in their product roadmap, wide potential for implementation across industries and an excellent management team.
Fennech's F³ platform excels in flexibility, customisability, and scalability, crucial for transforming treasury and finance through hyper-automation. Their affordable services cater to medium-sized companies, emphasising the need for real-time data and robust, secure processes, a lesson underscored by the COVID crisis.
Fennech delivered a complex e-commerce trading network on time and on budget. The modularity and strength of their platform allows us to quickly add new functionalities to exactly meet specific client demands.
By combining the wide capabilities of Fennech’s Next-Gen Banking technology with Accesspay’s market leading bank integration platform we were able to quickly and with minimal development effort, create a seamless experience for the Fennech client to provide a completely new cash network for the French market
