Fintech core

Fintech Core is the white label modular banking software solution for creation & fast launch of digital banking and payment products as apps or on the web. It includes the following features: onboarding, KYC & KYB, and AML & anti-fraud management; card, banking accounts, balances, payment, transaction, FX & cross border transactions, deposits, credits, notifications, and back-office orchestration; iOS, Android apps development.

A core banking platform software is the internal infrastructure responsible for recording and disseminating information about daily banking activities, account balances and other financial data. Deposit, loan and credit processing capabilities, as well as connectivity to general ledger and reporting tools, are its standard features.

The modular, distributed design of the core banking solutions allows it to be adapted to the requirements of each specific bank. The core of a banking system can be imagined as a digital ledger that keeps track of financial transactions, customer account balances, and user credentials. If your product is not a single service and you need to add a lot of other providers to the ecosystem, one of the functional modules of a banking system software will be in charge of making connections between service providers.

Selecting a core banking systems software solution is an important first step for financial institutions looking to make the transition. We’ve found eight important factors that affect the choice of core banking systems and can help your bank make better use of its resources: program management considerations, partner and customer referral management, functionality, cost, viability, and operational efficiency.

Because of its autonomous nature, which reduces the manpower typically necessitated for execution, online banking software may significantly lower operational expenses. These systems have several advantages, including the streamlining of banking operations, keeping up with a rapidly changing market, increasing consumer satisfaction, and expanding digital reach to remote places. Primarily, digital core banking solutions are intended to empower both present and prospective clients by increasing account transaction flexibility.

Numerous wealth managers now rely on their core banking vendor as their principal technology partner for the greatest middle- and front-office wealth-tech modules, as well as back-office features. New platforms, implementation solutions, and capabilities are making it easier for financial institutions to modernize their systems than a few years ago.

A stock API may be quite useful for developing financial products such as a trading prediction program. You may use these APIs to get the most recent market price and track long term trends for assets such as stocks, cryptocurrencies, fixed-income products, and much more. Stock APIs assist you in obtaining time-sensitive data so that you may include relevant insights in the development of your financial solutions.

Third-party connectivity enables the development of an e-wallet app with a smaller time and financial commitment. As a result, developers frequently employ numerous frameworks and APIs (application programming interfaces). The ready-made instruments and third-party scripts ease project work and enable you to create a high-quality app in a short period of time.