vFinance

vFinance is a financial core engine designed to support lending and (re)insurance activities. This solution is suitable for financial institutions, insurance companies, lending institutions, risk management firms, and reinsurance companies of various sizes. According to the vendor, professionals and industries in these sectors rely on vFinance to streamline their operations, enhance efficiency, and ensure regulatory compliance.

Key Features

Flexibility and scalability: According to the vendor, vFinance is designed to adapt to changing requirements and environments. It offers configuration options for users to customize the system according to their needs. The system can add new features or extensions without disrupting the core functionality. vFinance is designed in modules, allowing for flexibility in introducing new products. It provides end-to-end management capabilities.

Low operating costs: According to the vendor, vFinance helps reduce operating costs for businesses. It allows for redirected digital budgets, optimizing resources. The system enhances the competitive edge of businesses. vFinance is said to act as a catalyst for cost-effective digital transformation.

Implementation: The vendor claims that vFinance offers an effortless implementation process. It provides migration technology for smooth data transfer. The system aims to ensure a swift and hassle-free transition for businesses, streamlining financial operations and improving efficiency.

Regulatory compliance: According to the vendor, vFinance has a professional impact on the compliance journey of businesses. It is described as a cutting-edge digital platform that acts as a regulatory game-changer. The system is said to seamlessly align with current and upcoming IT requirements, aiming to establish compliance excellence for businesses. The vendor suggests that it is a smart choice for future-proofing businesses in a complex regulatory landscape.

Technical excellence: According to the vendor, vFinance is built on modern technology and a robust architecture.

Loan management: The vendor claims that vFinance supports lenders in optimizing the entire loan management process. It aims to reduce the time it takes to grant loans. The system helps construct a full borrower's profile for data-supported decision-making. vFinance is said to be capable of keeping track of complex security structures and managing specialized loan schedules in non-standard situations.

Insurance management: According to the vendor, vFinance enables the management of the entire life cycle of insurance contracts. It integrates underwriting and policy administration into one concept. The system provides reporting capabilities for risk and management data. vFinance offers advanced risk modeling for complex insurance risks, aiming to ensure completeness in reinsurance risk management.

Reinsurance management: The vendor claims that vFinance has a unique risk and premium calculation engine. It can handle complex combinations of facultative and treaty policies. The system efficiently manages retrocession contracts. vFinance incorporates know-how with over 1,000 validation and quality tests, aiming to allow for pro-active risk and data quality analysis with audit capabilities.

Product management: According to the vendor, vFinance offers full reporting and business intelligence integration. It provides features for product management within the system. The system includes broker management capabilities. vFinance supports integration with third-party ecosystems and offers API availability for seamless integration.

Multi Currency: According to the vendor, vFinance supports transactions in multiple currencies.