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Finance
At its most basic, the financial industry is nothing more than an information middleman or 'infomediary' exploiting the information differential between consumers and suppliers of information and leveraging it for financial gain. Brokerages trade on it, banks grant loans based on it and insurance companies determine premiums all on the back of information. Having better information faster is a huge competitive advantage for any financial institution operating in the insurance, banking and capital markets space.
It is this basic concept of better information faster, which lies at the heart of all financial institutions. But many financial institutions struggle to properly leverage the information they have at their disposal.
The FlairdocsTM Solution
The number of compliance mandates that organizations are facing today is staggering – and increasing. Meeting the requirements of these numerous mandates, as well as pressure to reduce operational costs, can be extremely taxing to on organization. Deploying and maintaining unique solutions for each new directive consumes extensive resources in systems, training and personnel. With new and revised mandates appearing regularly, it's difficult to control the escalating cost of compliance.
Our flagship product Flairdocs™ is a revolutionary, internet-enabled scalable solution that tackles those complexities by completely eliminating paper-based processes, improving operational efficiencies, managing the complexity of Right of Way and real estate operations, and delivering demonstrable cost savings. In short, Flairdocs™ will streamline your end-to-end business processes, reduce time to completion, increase accountability, and reduce your bottom line costs.
Some of the suggested applications for FlairdocsTM use in the Financial Service Industry include:
- Insurance Industry: Offering a personal loan to a customer using their life insurance policy as collateral.
- Commercial Banking: Embedding a foreign exchange trade on the back of a cross-border payment instruction from a corporate customer.
- Investment Banking: Suggesting a suitable futures hedge on the back of a fixed income purchase.