Overview
Fluency Financial offers an integrated range of services to assist banks, insurers, and fund managers to simplify their operations.
Business Design: Fluency consultants design products and processes using a proprietary approach to financial product modelling.
Systems: The design model of the Fluency Value flow System enables the financial effects of any product to be represented by double entry accounting ledgers. Importantly, the financial effects include any form of value such as currency amounts, or investment units or sales credits, which are all special cases of ‘value flows’. Equally important is that the value flows can be priced or unpriced and therefore can be simultaneously applied to what are otherwise very different problems, for instance the trading of a security versus the trading of a mutual fund unit. This method provides many benefits:
- all financials are fully and automatically reconciled
- defining the product automatically defines the financial effects and architecture
- the financial processing core is very small and easy to maintain
- the core can be re-used for multiple problems thereby eliminating extra systems and interfacing, such as for commission (note: the core does not have to used for these up- and down-stream problems)
- new products, or product variations, can be implemented without changing the processing core