Using Keystone for finance, we are able to provide services for specialized financial companies and for banks operating in the domestic and external factoring market.
Integrated “end-to-end” vertical solution (front-to-back)
Adopted as corporate platform by the largest banking and non-banking Italian Groups and Fintechs
ideal for wide-spread organizations focused on Business Process Management and Remote Operations
Multi product, multi channel features, multi language
High-performing technological approach, based on industry-standard architecture
K4F for Factoring / Financial Producs
Specifications
- Credit management with/without advance payments
- Factoring with/without notification
- Non recourse factoring
- Maturity (with / without recourse, Deferred payments, IAS accounting)
- IAS loan acquisitions (spot or revolving operation, deferrement payments for debtor, net revenue or nominal value purchase, deferred interest, Advanced payment in single/two instalments)
- Reverse Factoring
- Confirming (payment at maturity, with purchase)
- Invoicing & recognition
- VAT advances on receivables
- Discount with/without recourse
- Advanced settlement on contracts (with recovery on invoices, without recovery on invoices)
- International Factoring (direct Import/Export or with associated partner, use of the FCI chain)
- Syndicated loans - Parent company/Participant (on advanced payment transactions, on purchase transactions, on maturity transactions)
- Securitised operations (with notification, without notification)
K4F for Factoring / General Outlook
- most technologically advanced platform in the Italian market
- fitting both outsourcing or on-premises delivery models
- multiplatform (zOS, AIX DB2, Linux Oracle), a unique feature at European level
- high market share ensures a constant evolution, both on product coverage and on enrichments
- from a technological point of view, Arcares evolves K4F following and anticipating market needs, eventually releasing new versions of the system
- native integration with the most notable Core Banking Solutions (CEDACRI, CSE, STS SELLA and PHOENIX) and with large scale custom Banking Platforms
- easy integration with Fintech companies with native modules supporting credit assessment and risk monitoring
- native connectors to the most notable Market Credit Bureaus: CERVED, CRIBIS, AIDA PA, ModeFinance
K4F for Factoring / Modular Approach
1) ONBOARDING MODULE (WOF)
- preliminary application process
- selection of the financial product
- proposed Debtors portfolio
- digital underwriting & legal conservation
- back-office monitors and validates all processes
2) OPERATIONAL MODULE (WOF)
- on-line access by the client (transferor or debtor)
- proposal of transactions by the Client (Transferor or Debtor) with on-line feed from the Management System
- interoperable on information and/or documents between the Client's business partners, e.g. consultation of flows on Pool participants or reporting vs Brokers and External Agents
3) CREDIT WORTHINESS EVALUATION MODULE (PEF)
- credit application and credit granting are native features of the platform, via WorkFlow integrated with external Credit Bureaus and third-party insurance providers
4) MANAGEMENT PLATFORM (K4F)
- end-to-end back-office operations on the whole process
- native modules for: National Bank Regulatory reporting, G/L, IRS
- data integration to/from other customer/group platforms
- interfaces with Core Banking Platform (where applicable)
- interfaces with external Invoice Trading Platform (where applicable)