March has been an interesting month across the world, and we hope you are all staying safe and well. The FusionFabric.cloud team at Finastra are dedicated to ensuring we remain innovating at pace and continue adding new APIs and features!
NEW FUNCTIONALITY - DATASETS
In the latest version of the developer portal, a new catalog of datasets are available in order to empower the development of smarter apps that apply machine learning, AI and BI.
This functionality enables you to get a bigger quantity of data you can use for your machine learning models and analytics; using Azura Data Share to add to your Azure Blob storage. In development, product-like sample data will be provided. In production, Financial Institutions will provide consent before they share data through FusionFabric.cloud.
NEW APIs
This month we have introduced new APIs to our Treasury and Capital Market solutions:
Trade Execution on Exchange
1. Forex Outright Forward Trade Capture
This new service aims at facilitating the insertion of Forex Outright Forward trades that are executed on a trading platform one by one into the Trade Repository. Validation rules are applied prior to trade booking and the trade input is completed by the Finastra derivation logic.
2. Forex Swap Trade Capture
This new service aims at facilitating the insertion of Forex Swap trades that are executed on a trading platform one by one into the Trade Repository. Validation rules are applied prior to trade booking and the trade input is completed by the Finastra derivation logic.
Post-Trade Processing
Post-Trade Processingmanages tasks from events occurring in the back-office system, supports trade, document, settlement flow and exception-related tasks. Automatically determines due time (including settlement cut-off times), team/assignee, priority, escalation, and task completion, based on a set of configurable rules. Tasks can also be manually assigned and prioritized – individually or in bulk.
INSIGHTS
Really, what does platformification mean? Companies we use every day like Google, Amazon, Airbnb use platforms to create easy, fun, user experiences. It’s happening in banking, too. An open banking ecosystem brings to life data that allows you to enter into a world of previously unthought of possibilities.
Platformification is simply about making it easier to bring account holders new, innovative technology. An open banking platform breathes life into your offerings. It gives you access to powerful data analytics and insights, allowing for more personalized and relevant customer experiences.
Using NLP to parse unstructured text
Ivy Yoo from Finastra’s Innovation team shares how they built a practical proof-of-concept using natural language processing to parse unstructured text.
And if you have questions or need help, contact our dedicated team on the Community Q&A page.
Many thanks,
FusionFabric.cloud Team
