Looking for robust Core Banking software that expedites technological implementation and facilitates market entry? Seeking continuous improvement aligned with technology, customer needs, or regulations? Construct your ideal solution with a ready-core banking platform, reaping the following benefits.
1 – A highly functional back office for future opportunities
Dispelling the notion of a one-click solution, a core banking solution should execute various operations and adapt to diverse business and regulatory requirements. Beyond standard banking functions, such as automatic IBAN generation, account opening, payment processing, currency exchange, and card issuance, flexibility is key. Operators must swiftly handle routine alterations like creating client risk profiles, adjusting commission fees, establishing new workflows, and assigning roles. Choosing an overly simplistic core banking software may hinder future operations, prompting the need for a more functional system. With Advapay, enhance flexibility through extensive capabilities in our core banking system’s backend.
2 – Ready integrations or new integrations on request for a greater product portfolio
Core banking software should enhance the system with payment services, requiring the capacity to integrate with service providers through APIs. Advapay empowers you to build your ideal product and enrich your Core Banking software per your specific requirements. All necessary services can seamlessly integrate into our core banking system, utilizing existing integrations with service providers for limitless innovation.
3 – White-label web banking and mobile banking apps to save time and money
Customers need access to web and mobile banking applications for seamless transactions. Prioritizing an exceptional end-user experience, digital banks and fintech companies aim for visibility, an intuitive interface, and an aesthetically pleasing design. Developing new applications from scratch is time-consuming and costly. Opting for pre-existing applications integrated with a core banking backend saves time and significantly reduces expenses. Discover core banking software providers’ offerings, featuring white-label web and mobile banking applications built on cutting-edge architecture, prioritizing customer satisfaction with essential features like checking balances, reviewing statements, making payments, and more.
4 – BaaS and Embedded finance – quick-start integrations for your fintech business
BaaS and Embedded Finance, particularly Embedded Payments, are burgeoning trends in the industry, offering companies without established payment infrastructure or financial services licenses access to seamless payment and banking services through APIs.
Clients can benefit from various BaaS partners in two key ways. Firstly, it streamlines the selection of a preferred BaaS provider. Secondly, ready-made integrations further save valuable time, allowing certain projects to be executed within weeks from a technological perspective, depending on the configuration.
5 – New back-office application interface for easy operations management
The revamped core banking software back-office application boasts an exceptional user interface, streamlining operations management. With a modern design and a wide range of functions, this updated interface makes it efficient for employees to handle tasks related to company applications, transactions, customers, financial operations, and more.
Digital banks and payment companies’ employees can easily view and accept registration, transfer, and currency exchange applications using this application. Additionally, they can manage accounting, generate statements, apply filters, and perform various tasks to enhance operator effectiveness and comfort.
6 – Startups-friendly core banking software for tailored needs and budgets
For small businesses and startup founders seeking cost-effective core banking software, Advapay offers a solution tailored to your needs and budgets.
Firstly, our SaaS package comes at a reasonable monthly fee, allowing you to enhance your solutions with additional functionalities using a pay-as-you-go model.
Secondly, our transparent pricing ensures no hidden fees, providing clarity on costs once we agree on specific functionality and sign the contract. Our startup-friendly software is confidently budget-friendly.
7 – Secure solution adapted to regulatory requirements
Macrobank prioritizes security and effectively meets regulatory requirements.
Check if your provider ensures regular system updates, incorporating the latest security features and protocols. The system allows for setting groups, rules, and roles, creating custom processes. This empowers operators to establish distinct customer risk groups with specific rules, define workflows for higher-risk customer categories, and efficiently oversee riskier customer groups, validation, approval of transactions, and management of compliance processes.
Additionally, our solution offers pre-integrated compliance, fraud monitoring, prevention, KYC, and KYB services to safeguard customer data, prevent fraud, and ensure secure authentication for each transaction or Internet banking entry.
8 – Built-in accounting system for comprehensive financial operations management
Our core banking software includes a built-in accounting system, a fundamental component for managing financial operations. This system enables fintechs to accurately record, track, and manage financial transactions, providing a comprehensive view of the digital bank’s financial health and ensuring compliance with regulatory requirements.
Through our built-in general ledger and accounting system, you can record all financial transactions of your digital bank or fintech company, including accounts, deposits, withdrawals, and transfers. It facilitates the generation of detailed reports customized to business and regulatory needs, aiding in cash flow forecasting. The module efficiently manages nostro and vostro accounts, supporting reconciliation and accounting for funds in correspondent accounts. Additionally, it assists in consolidation and reporting related to account data, allowing seamless execution of multi-currency operations and effective management of the client accounting system.
