The long-awaited technology sector IPO, AXS Group Limited (Proposed Code on ASX: AXS) achieves major milestones in building its product portfolio for future growth. The Software as a Service provider inked the deal with Canada’s leading financial group to let its flagship product ARMnet go live for the first time!
AXS’s ARMnet utilises cognitive processes like blockchain techniques and robotic system to give real-time output to the company’s financial sector clients. More interestingly, to stay ahead of the industry competition, the Group has powered unique end-to-end integration capability in the platform especially with regard to all aspect of the loan processing that can significantly cut down time and costs involved in the workflow process.
The Group seems to bring revolution in the technology sector with its varied range of products and services. It provides 7 modules of cloud-based SaaS, hosted software, and onsite server products on a subscription basis. These Product Modules include:
Mi-Lend: Claimed as an out-of-box solution, Mi-Lend offers business processing rules and workflow solutions with the capability to provide customised solutions that fit-in the individual business requirements for clients in the global lending market. Payday lenders, mortgage originators and commercial lending institutions are its major clients.
Mi-Loyalty: It is a single portal system used for rewards cards and incentive programs that enables communication via a smart mobile phone, tablet or by email anytime, from the client’s server and in real time.
Mi-Archive: It gives a highly demanded smart solution for the retrieval and storage of data in a format designated by the client. The primary clients of the product include mining companies, leasing companies, asset custodian, insolvency groups as well as collection companies.
Mi-Invest: Through Mi-Invest, the company provides a single software platform and process engine that generates, automates and reports for various types of investments.
Mi-Wealthchek: This product provides cloud-based software solutions for investments in all asset types including listed investments, deposit products, managed investment funds and derivatives among others. The financial institutions such as banks, credit unions, and charitable trust form the key clientele for this product module.
Mi-Structure: On the basis of structure types and specialist assets, Mi-Structure provides communication and reporting solution for all assets through a software platform. It gives the ability to set level controls, segregate assets and classes of assets, generate customized reports.
Mi-Finpro: It gives on-site based software platform for financial institutions and asset managers with respect to investment solution in all asset types.
With this product portfolio, the company targets an extensive domain of asset processing solution for fund management, lending, amalgamations and restructuring, trust and alternative structures, asset and receivables and rewards.
On Service Module front, AXS Group provides Mi-Deploy, Mi-Optimyz and Mi-Service. Mi-Deploy modules include development and consultancy services with respect to processing and reporting output solutions for its clients. Whereas, Mi-Optimyz module offers optimisation and as well as customisation of data and Mi-Service module includes consultancy services for training purposes.
The company targets the global financial market including Australia alone demonstrating over $5 trillion markets in size in funds management and custody services. Its solid clientele remains at the heart of the company which includes MaxCap Group, Deutsche Bank Canada, Bluestone, Pepper Ireland and Paradigm among others.
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