Fennech Financial - Company Research Report
Company Overview
- Name: Fennech Financial Ltd.
- Mission: To hyper-automate finance, treasury, and payments processes on a next-generation corporate banking platform.
- Founded: May 2017
- Founders: Emmanuel de Rességuier
- Key People:
- Emmanuel de Rességuier, Founder & CEO
- Robb Lunn, CPO & CEO Fennech Canada
- Max Pell, Chief Administrative Officer
- Philippe Laliberté, Chief Information Officer
- Audrey Fauvel, Chair & CEO Fennech Singapore
- Kevin Lamontagne, Chief Technology Officer
- Julien Haye, Chief Risk & Compliance Officer
- Mélina Moussali, Chief Revenue Officer
- Headquarters: London, UK
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: Being a next-generation corporate banking platform that bridges ERP, core banking systems, and treasury management systems with minimal human intervention.
Products
F³ Platform (Fennech Financial Framework)
- Description: A state-of-the-art, cloud-based platform integrating Core Banking Systems, ERP, and TMS.
- Key Features:
- Hyper-Automation: Simplifies and automates financial processes, offering near real-time actionable data.
- Configurability: Low-code environment allowing customization.
- Integration: API-native, integrates with existing applications.
- Security: Robust security architecture.
Advanced Reconciliation Manager
- Description: Automates reconciliation of cash movements, reducing manual efforts.
- Key Features:
- Seamless integration with ERPs, invoices, and ledgers.
- Enhanced precision and operational ease.
- Smart transactions and advanced analytics for strategic insights.
Agency Management
- Description: Manages payables and receivables across a network of agencies and affiliates.
- Key Features:
- Virtual network creation and automated process implementation.
- Real-time reconciliation and advanced forecasting tools.
- Regulatory compliance and reporting.
API Connect
- Description: Seamless API platform connecting multiple banking systems.
- Key Features:
- Standardized transactions for bank uniformity.
- Automated data distribution for efficiency and security.
- Enhanced system integration.
Auto Payments
- Description: Automates large-scale financial transactions.
- Key Features:
- Customizable payment settings and robust risk management.
- Real-time transaction monitoring and full account virtualization.
FX Hub
- Description: Manages and optimizes foreign exchange transactions.
- Key Features:
- Seamless integration with banks for real-time forex rates.
- Rule-based trade execution.
- Transparency and automated operations.
In-House Virtual Bank
- Description: Centralizes financial operations with virtual accounts.
- Key Features:
- Automated payments and enhanced cash forecasting.
- Efficient fund allocation and centralized control.
Liquidity Management
- Description: Optimizes cash flow for corporate stability.
- Key Features:
- Centralized visibility and automated cash sweeping.
- Real-time updates and customizable sweeping rules.
Virtual Accounts
- Description: Simplifies cash ledger management with virtual accounts.
- Key Features:
- Enhanced visibility and control over financial transactions.
- Automated payment allocation and reduced bank fees.
Recent Developments
- New Subsidiaries Opened: European, French, Canadian, and Singaporean subsidiaries were opened between 2019 and 2023.
- Recognition:
- Named one of the “Hot 100” Insurtech firms in 2020.
- Payment Technology Provider of the Year at the Payments Awards 2022.
- Investments:
- Lloyds Banking Group invested in Fennech in June 2023.
- Technological Advancements:
- Selected into Gartner's Market Guide in October 2023.
- Chosen for Fintech Fast Pass by IBM Cloud and Machinelab Venture in March 2024.
This detailed company research report provides a professional overview of Fennech Financial, highlighting their mission, product offerings, and recent milestones.
