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Solutions

Payments Bank Solution

Finacle Payments Bank offering is a one-stop solution for a payments based banking business model. This solution is designed to help payments banks create a growth focused business by serving the unbanked population profitably.

The Finacle Payments Bank solution is a comprehensive, preconfigured, pre-integrated banking platform that is ready to be deployed.

Key features

Some of the key features of the solution include:

  • Assisted banking functionality to enable last-mile availability of banking services
  • Comprehensive support for existing payment schemes, along with the ability to design new payments methods, leveraging the extensive flexibility offered by the solution
  • API based integration framework – a future-ready architecture to embrace monetization of open APIs by co-innovating with the partner ecosystem
  • 24X7 capability enabling customers to transact with zero interruption

Finacle brings to the solution its vast experience of working with over 67 percent of the top 40 commercial banks in India, more than 100 cooperative banks, and 54 percent of regional rural banks (RRB). All this translates to global best practices, contextual products, and a repository of experience underlined by a proven technology platform, which is consistently rated as a leader by independent industry analysts.

Key business benefits

Shorter time to market

As a preconfigured and pre-integrated solution offering, Finacle Payments Bank solution will act as a launch pad to help new entrants and enable them to become operational in less time. The solution comes pre-packaged with demand deposit, payments products, channel offerings, and interfaces to commonly used merchants / aggregators, switch systems, and the likes. With this solution, banks can focus on their business while their infrastructure and operations are managed effectively.

More avenues for revenue

The Finacle Payments Bank solution offers an unlimited palette of features to design and deploy differentiated products for various market segments. With this solution, banks will be able to offer differential pricing, set up channel rules, and easily customize offerings.

Get future-ready

Payments banks today are limited to providing a defined set of products offerings. With Finacle, banks will have a significantly faster time-to-market advantage as and when the larger bouquet of services is liberalized by regulators. Payments banks will enjoy the additional benefit of launching innovative offerings in the future as Finacle makes significant investments in research and development to stay ahead of the competition.

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