Most financial institutions today are struggling with an outdated, legacy, digital money movement system. There’s multiple point solutions, redundant and disjointed money movement, high friction, low user engagement, inefficient back office operations, and fraud vulnerability. Basically, there is a lack of innovation.
Historically, financial institutions have employed product-based business models. And over time, as new financial products were introduced, FIs built or bought the technology, and subsequently, their IT staff had to create code, workarounds, and modifications to incorporate the new product into the legacy system. Over time, supporting new products on top of old products has radically increased the complexity of in-house and processor systems.
Control the destiny of your user experience. Eliminate the constraints of your digital banking provider’s development roadmap and resources. Combine all fintech products into one Unified Payment Center through open-APIs. The Platform model enables you to build and operate multiple financial services and applications on standardized APIs, SDKs and microservices, within a common infrastructure, eliminating operating and technology redundancy, while supporting speed-to-market at scale.
Platform Thinking is strategic, it streamlines operations and future-proofs your infrastructure. Deliver better money movement and management today!