Fennech Financial Limited today announced a global partnership with NIIT Technologies Limited to develop joint go-to-market programs designed to accelerate digital transformation of clients’ finance functions in the Banking and Financial Services industry with advanced AI & ML solutions built on Fennech’s F3 platform.
Fennech’s F3 is a highly configurable “platform-as-a-service” that automates finance processes, providing high visibility and control, whilst increasing efficiency and enabling faster decision-making.
As part of the partnership, NIIT Technologies and Fennech will collaborate globally to deliver intelligent services, built on the F3 platform, integrated with NIIT Technologies’ cognitive frameworks, digital experience, and process re-engineering capabilities. This robust solution will result in improved visibility, robust control and audit across core activities such as cash reconciliation, payment generation, liquidity management, regulatory reporting and multi-party netting.
This strategic alliance will also enable clients to optimize their funding, reduce cost of operation and risks by leveraging Fennech digital contracts and platform features that are powered by the latest Machine Learning & AI framework.
Emmanuel de Resseguier, Chairman and CEO, Fennech Financial said “We are delighted to partner with NIIT Technologies. With our transformative financial digitalisation solutions combined with NIIT Technologies’ strong techno-functional expertise, we are extremely confident that this collaboration will provide further impetus to digital and emerging tech adoption globally, thereby improving efficiency.”
Gautam Samanta, Head- BFS, NIIT Technologies said “This symbiotic partnership is a strategic move in the direction to drive growth, enable our global clients in BFS domain harness latest Digital, AI and ML technologies to increase efficiency and productivity in the finance operations. Together with Fennech Financial, we will enable our joint enterprise customers to embrace cognitive and digital technologies to drive digital transformation, achieve real-world business impact and gain competitive edge.”