Jan 2014, Singapore
FinIQ has integrated its customer suitability checks, third party liquidity links, pricing models, collateral and limit checks, document generation, interbank hedges, post trade fixing events and payout rules into one front end. Based on roles and responsibilities of individual users, various entitlement profiles can be created. The entire offering is wrapped in a customizable workflow engine that allows approval and processing with complete audit trail.
The most innovative part of the new offering is the financial product configuration framework. Deal capture masks and payoff rules are not hard-coded. Right from introducing database and user interface fields, inter-field defaulting, cross-field validation, native or external function calls, pricing model linkages all the way to payout rules, underlying building block composition, schedule generation frequencies, holiday conventions, accounting rules, suitability rules, and documentation templates are fully configurable.
Although FinIQ offers commonly traded products such as accumulators, IRS, CDS, bonds, ELN, DCI, options as pre-packaged solutions, FinIQ clients can now roll out brand new products with proprietary business rules without having to rely on the vendor or their IT department, all by themselves. They can further integrate with external services via web services, FIX protocol links, DLL functions, and XML exchanges to enrich the native FinIQ offerings for pricing, deal capture, and post-trade processes.