Banking on innovation
Outdated core banking software and legacy systems can be difficult to maintain or update. This can make competing with digital-native rivals challenging.
To help financial institutions stay up-to-date, our client provides a modern banking platform. It allows banks to modernize their operations by adding new functionalities to existing systems without significant disruptions. With information and features from the underlying systems of record, it serves as a single engagement layer. As a result, banks can innovate quickly without altering their core systems and get a better return on their existing investments.
As the platform is customized to the individual needs of each user (i.e. bank), the client requested our support with development work.
Customizing the platform
Our team is responsible for integrating and maintaining the platform modules for each customer. We work side by side with the client’s core team, as well as with external PM, solution architect, and UX/UI designers.
The system already has package connectors for integration with banks’ transactional systems, which in most cases are sufficient for integration. However, on occasion, a custom integration is required. In those instances we closely work with the end customer’s team and agree on the API.
The platform consists of the following modules:
- Retail banking,
- SMI banking (for institutional clients),
- Client onboarding module (replacing traditional paper workflow),
- Wealth management.
Powering modern finance
The bank’s transactional system is made available to customers in the form of a user-friendly mobile application and website. It also supports integrated services, such as address validation, creditworthiness, or a virtual card.
Thanks to our cooperation, the client can continue to provide custom solutions to its customers, allowing more people to take advantage of modern banking features.