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Financial innovation with tailored modeling
Optimizing financial services with Domain Specific Language (DSL)
In a world where financial services are constantly evolving and customers are becoming more demanding, our client faced the challenge of optimizing its products and services. The specific need was to efficiently model financial products, create a user-friendly advisory interface, and generate customized financial reports. Working closely with our client, we were able to meet this challenge thanks to a tailored solution.
Challenge
Modeling financial products
Our client needed a solution to model all their financial products (financing and saving), an efficient user interface for consulting services, and a data pipeline for specific financial reports.
Idea
Finance modeling language to model financial products
Cloudflight proposed a Domain Specific Language (DSL), named the Finance Modeling Language (FML), to model financial products. We also proposed creating a consulting user interface and developing data pipelines to process data for financial reports.
Solution
Scenario calculations with DSL
The DSL was implemented, enabling easy adjustments and scenario calculations for financial products. The consulting user interface was also deployed, facilitating quick product comparisons and repayment plan calculations. Data pipelines were developed, enhancing the precision of financial reporting. The collaboration resulted in streamlined financial services and improved data management.
