FinTech solutions for Robo Advisory and Algorithm-based Portfolio Management. Algorithm-based Portfolio Management is an integrated technology solution that allows fund managers to maximize abnormal returns by continuously tracking and factoring in any updates related to market behavior and specific securities (e.g., fundamentals, technical, and news), sectors, markets economy, and beyond. The process involves no or minimal human involvement.
A treasury management system (TMS) is an enterprise software that helps automate repetitive, often manual treasury processes. By automating these steps, CFOs and treasurers can gain greater visibility into cash and liquidity while gaining control of bank accounts, maintaining compliance, and managing in-house banking and financial transactions.
Financial risk management software manages exposure to various types of risk for financial services institutions by conducting in-depth analysis, generating reports, and simulating investment scenarios. FRM software help businesses, typically banks, investment firms, and asset management companies generate value for shareholders or investors by identifying good hedging opportunities to manage risk.
InsurTech is the use of technology innovations designed to make the current insurance model more efficient. By using technology such as data analysis and AI, InsurTech allows products to be priced more competitively, predict mortality more accurately, and manage day-to-day insurance operations more effectively and efficiently.
Artificial Intelligence based Chatbot is a software that can simulate a user conversation with a natural language through messaging applications. AI Chatbot saves time, money, and gives better customer satisfaction. Chatbots may use AI, machine learning, or natural language processing (NLP) to deliver near human-like conversational experience.
High-frequency trading, also known as HFT, is a method of trading that uses powerful computer programs to transact a large number of orders in fractions of a second in the securities markets such as the Dhaka Stock Exchange Limited. It uses complex algorithms to analyze multiple markets and execute orders based on market conditions. Typically, the traders with the fastest execution speeds are more profitable than traders with slower execution speeds.
Credit scoring platforms enable financial institutions such as banks to evaluate customers based on the publicly or privately available credit score of potential borrowers. Credit scoring is increasingly being used by banks and other financial institutions to measure risk factors of potential individual and institutional borrowers. It is applied to approve loans and uses scores to assess the potential credit risk of borrowers.
By offering detailed views of companies’ financial data, financial analytics provides the tools for firms to gain deep knowledge of key trends and take action to improve their performance. For example, Banks, analyzing millions of customers’ transaction or credit card usage data could design and target niche products and take a driving seat of the market. A brokerage house could analyze millions of customer trading data to understand investor sentiment on a real-time basis and design and develop appropriate services for them.
Crowdfunding platforms are websites that enable interaction between fundraisers and the crowd or the general individual investors. Financial pledges can be made and collected through the crowdfunding platform. Fundraisers are usually charged a fee by crowdfunding platforms if the fundraising campaign has been successful.
As FinTech flourishes across the world, many companies dive into the flow but struggle or fail just because they do not have a concrete, specific, goal-oriented, and visionary strategy. Any financial institution option or technology solutions need to have a solid strategy and policy document in place aligned with overall company strategies and policies before and while implementing the solutions. It allows a financial institution to not only win the market but also make the competition irrelevant.