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Coherent

Fintech · Singapore, Singapore · Founded 2018

Coherent is a company that has developed a platform named Coherent Spark, a cloud-based logic engine. This platform is designed to help businesses, particularly in the insurance and financial services sectors, to rapidly convert complex business logic from spreadsheets into application programming interfaces (APIs). This allows for faster product development and deployment, as it automates a process that is often manual and time-consuming. The company's business model is centered around providing this platform as a service (PaaS) to its clients. By making Coherent Spark available on the AWS Marketplace, they are targeting a wide range of customers who are already using cloud infrastructure. The platform is designed to be used by business teams, not just developers, which can help to reduce the burden on IT departments and accelerate the pace of innovation. Coherent's services are aimed at businesses that rely on complex calculations and logic for their operations, such as insurance companies for pricing and underwriting, or financial institutions for modeling and risk assessment. By automating the conversion of this logic into APIs, Coherent helps these companies to become more agile and responsive to market changes. Keywords: logic engine, spreadsheet to API, insurance technology, financial technology, business process automation, cloud-based platform, no-code development, agile development, digital transformation, API economy.