Banks have evolved from automation to centralized banking, to digitization through mobile and web interfaces. But, that’s not enough. Banks need to create niche products that deliver unparalleled benefits, a new dimension and above all a Wow! Experience.
Today, banks do not need a digital strategy. Digital is the strategy.
The cost of not disrupting is very high. They can maintain the status quo and become a commoditized service provider with low margins, surviving on operational efficiency, or even get extinct.
Core Banking Solutions |
Core System Modernization: Replacing or upgrading legacy banking systems to improve operational efficiency, agility, and scalability. Core Banking as a Service (BaaS): Offering modular, cloud-based core banking systems for easy integration and rapid deployment. |
Blockchain and Distributed Ledger Technologies (DLT) |
Blockchain for Secure Transactions: Implementing blockchain technology for faster, more secure cross-border payments, and smart contracts. Digital Identity and KYC Solutions: Building decentralized identity management systems using blockchain to streamline customer verification. |
Regulatory Compliance Solutions |
Automated Compliance Monitoring: Building software that automates compliance with regulatory frameworks like AML, GDPR, and PSD2, ensuring data privacy and security. RegTech Solutions: Providing risk management and compliance reporting tools that help banks manage evolving regulations. |
Loan Origination and Credit Solutions |
Loan Management Platforms: Developing end-to-end platforms for loan origination, approval, disbursement, and collection. Credit Scoring Solutions: Using AI and big data to build advanced credit scoring models to assess customer risk. |
