Banks in over 100 countries rely on Finacle’s industry-leading solution suite to fast-forward their digital transformation agenda.
Profitability of your corporate banking business is under threat from niche service providers. In the report, IDC notes that “Financial technology (fintech)-enabled newcomers are nibbling away at niche areas of traditional corporate bank revenue streams, from foreign exchange (FX) to payment services and cash management data provision. Banks must respond with better services and data to maintain market share.
As companies digitize rapidly, banks will need agile digital product engines to deliver highly contextual and customized products suited to their corporate clients’ unique needs. In addition, banks will also need to enable access to complementary partner products, joint products such as syndicated loans and placement of third party competing products.
Finacle Corporate Banking is a comprehensive solution suite built on the most advanced architecture in the industry. It has been leveraged by banks around the world to reimagine their business banking around modern digital technologies and drive new revenue streams. Being componentized, the solution suite allows the flexibility to modernize at the bank’s own pace, and is enabled with Open APIs for easy integrations with the bank’s larger ecosystem.
The solution has extensive product capabilities such as structured products, product bundling and product templates, together with extensive parameterization to help rapid innovation to accelerate growth. Access to global innovations built on best practices from implementations in over 100 countries, with localization components, help to meet local practices and extend the solution independently. In addition, the Finacle AppCenter brings an ecosystem of large partners and Fintech startups to complement the Finacle solution suite, and provides a marketplace for accelerating corporate banking innovation.
Key solutions in suite include Corporate Deposits, Corporate Lending, Trade Finance, Corporate Liquidity Management, Enterprise Payments Hub, Treasury, Corporate Digital Engagement Suite comprising Online Banking, Mobile Banking and Open APIs. The suite also has Blockchain powered solutions for Payments and Trade Finance.
The corporate banking digital revolution is on. Overcoming the disruption and keeping pace with corporates’ demands requires banks to become truly digital and to anticipate what tomorrow’s digital landscape may hold. Join the global community of corporate banking leaders who are innovating and transforming with Finacle.
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To learn more about the Finacle corporate banking suite, click here