Is Fennech Financial compliant with international payment and data protection regulations?

Yes, Fennech adheres to global financial regulations and data protection standards, including GDPR, PSD2, and local compliance requirements in its operating regions.

How does Fennech’s payment orchestration system work?

Fennech Financial's Payment Orchestration System uses its cloud-based F³ (Fennech Financial Framework) to automate and streamline financial operations. It integrates features from Core Banking Systems, ERP, and Treasury Management Systems for enhanced efficiency and control. Key functionalities include: Digital Contracts & Smart Transactions: Automate transaction execution and settlement. Auto Payments: Process large-scale payables and receivables with customizable rules. Reconciliation Manager: Automatically match incoming payments with ledger transactions. Virtual Accounts: Simplify account management and reduce banking costs with unlimited virtual accounts. Integration Flexibility: Seamlessly connects to existing systems, banks, and APIs, supporting real-time operations across geographies and currencies. This system optimises payment workflows, reduces manual intervention, and improves operational efficiency for businesses.

What is Fennech Financial and what services do you provide?

Fennech Financial is a Next-Gen Corporate Banking Platform as a Service. We deliver Hyper-automation of Finance, Treasury, and Payment solutions in real time on One Platform, The Fennech Financial Framework (F³). Our ultimate goal is to help you automate and optimise financial workflows to enhance efficiency, accuracy, and compliance in treasury and financial operations. You can use as many or as little of our solutions to suit perfectly your requirements. Find out more by exploring our solutions.

ISO Revolutionises Global Payments: Fennech Eases Enterprise Adoption

Discover how ISO is revolutionising global payment systems and making transactions smoother and more secure. Learn how Fennech streamlines this transition for enterprises, ensuring a seamless adoption process. Embrace the future of payments with confidence.

Chief Revenue Officer

Melina Moussali

Trusted by partners

ISO: Transforming Payments, Simplified by Fennech for Enterprises

Understanding Treasury Finance Operations and ISO Global Payment Systems

Treasury finance operations are the backbone of any business's financial health. They involve managing cash flow, investments, and financial risk. A crucial part of these operations is the global payment system, which allows businesses to send and receive money across borders. With the growing complexity of international transactions, there is a need for standardisation to ensure efficiency and security. This is where ISO comes in.

How ISO is Changing Global Payment Systems

ISO is a global body that sets standards for various industries, including finance. One of their key contributions to global payment systems is the ISO 20022 standard. This standard provides a common language for financial messaging, ensuring that all parties in a transaction understand the information being exchanged.

Consistency and Efficiency: ISO 20022 helps create a uniform way of processing payments, reducing errors and delays. This means quicker transactions and fewer disputes.
Enhanced Data: The standard allows for richer data to be included in payment messages. This helps businesses with better reporting and compliance.
Global Reach: By adopting ISO 20022, businesses can easily engage in international trade, as the standard is recognised worldwide.

The Impact on Enterprises

For enterprises, adopting ISO 20022 can seem daunting. The transition requires updating systems and training staff. However, the long-term benefits far outweigh the initial effort. Improved efficiency, reduced costs, and better data management are just a few of the advantages.

How Fennech Simplifies ISO Adoption

Fennech is here to make the adoption process smoother for enterprises. They offer solutions that integrate seamlessly with existing systems, ensuring a hassle-free transition. Here's how Fennech can help:

User-Friendly Tools: Fennech provides tools that are easy to use, making the transition to ISO 20022 less intimidating.
Expert Support: With Fennech, businesses have access to expert guidance and support throughout the adoption process.
Cost-Effective Solutions: Implementing new standards can be expensive, but Fennech offers cost-effective solutions that fit within your budget.

Conclusion

In summary, ISO is reshaping global payment systems by providing a standard that enhances consistency, efficiency and data quality. For enterprises, adopting ISO 20022 is a step towards better financial management and global competitiveness. Fennech simplifies this adoption, offering tools and support that make the transition smooth and affordable. Embrace the change and position your business for future success!