Neoflex NeoLimits

Main articles:

• SaaS - History. Philosophy. Development Drivers
• Defining Business Intelligence

2021: Launch the application NeoLimits

On December 20, 2021, Neoflex announced the launch of the NeoLimits application, which is available for purchase through Finastra's FusionStore marketplace. The application allows financial institutions to set and control limits for bank book metrics: bank book interest rate risk (IRRBB), counterparty limits, country and industry limits, as well as limits for indicators such as liquidity cover ratio (LCR), net interest income (NII) and economic cost of capital (EVE).

The NeoLimits application, created using Finastra technologies, helps financial institutions consolidate to analyze various internal and regulatory metrics. The application provides seamless connectivity to Finastra products and easily integrates with third-party solutions through open solutions. API NeoLimits offers a fully automated limit control process, from import to data reporting. In addition, the application is available: modeling limit changes, flexibly customizable event notifications and the limit confirmation process.

"The series of financial crises and the COVID-19 pandemic contributed to tighter control by the regulator over banks and financial institutions in terms of compliance with regulatory requirements. The number of indicators that they need to monitor and analyse has increased significantly. Our application helps you monitor various metrics and create a holistic view of how your bank book limits are managed. As part of the FusionFabric.cloud platform, we can provide more financial institutions with the opportunity to instantly assess risks, apply various strategies to reduce them and adjust limits in a timely manner, "said Anton Lazebny, Associate Partner, Director of the Financial Markets and Risks business area of ​ ​ Neoflex.

"We are glad that the Neoflex company joined FusionFabric.cloud ecosystem, having published the NeoLimits supplement in our Marketplace of FusionStore. The use of NeoLimits will allow bank management to improve the quality of control over compliance with regulatory requirements and significantly reduce the risk of penalties from the regulator, "said Filip Taliaferro, head of partner and fintech ecosystems at Finastra.

Launching on FusionStore is the final stage of application development for companies using the Finastra FusionFabric.cloud open cloud platform. The FusionStore marketplace allows Finastra customers worldwide to test, purchase, and install certified applications in addition to Finastra's core systems, helping them provide value to their customers.