What was the initial idea of Fennech?

There was not one but several ideas, mostly coming from multinational corporate clients, that combined, have led to the creation of Fennech. In no particular order, there was a recurring message coming from CFO’s, treasurers and financial controllers from corporates of all sizes:

So, our idea has been “let’s empower the corporates and commoditise the banks.”

We have built with F3 (Fennech Financial Framework), a secure, robust bank agnostic digital and open platform, that fixes all of the above-mentioned issues. To do so, we have amongst others developed “digital contracts” at the core of F3. Those are complex objects -populated directly and automatically from real contractual documents- are self-executable objects, similar to smart contracts but outside of blockchain and without any need for tokenisation. The best of all worlds.

The clients can ultimately deploy, manage, and control their In-house bank, with all their processes operating end-to-end and automated. The use of machine learning makes the implementation fairly intuitive, and AI helps the clients and users to focus quickly on the real issues and key strategic decisions.

Written by Emmanuel de Rességuier

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