Selecting the right Core Banking Software for Your Fintech company

Are you in search of a reliable Core Banking system that accelerates technological integration and streamlines market entry? Do you aspire to continually improve and remain abreast of technological advancements, customer preferences, and regulatory requirements? Craft your ideal solution utilizing a pre-built core banking system, and reap the numerous benefits it offers.

A highly functional back office for future opportunities

Dispelling the notion of a simplistic, one-click solution, a core banking system should possess the versatility to execute various tasks and adapt to diverse business requirements and regulatory mandates. It should extend beyond conventional banking functions such as automated IBAN generation, account opening, payment processing, currency exchange, and card issuance. Flexibility is paramount, enabling administrators to swiftly modify aspects like customer risk assessments, service fees, procedural adjustments, and delegation of responsibilities. Opting for overly simplistic solutions may pose challenges in the future, necessitating a transition to more comprehensive systems. With Advapay, enhance the flexibility and feature-rich capabilities of your banking system.

Ready integrations or new integrations on request for a greater product portfolio

Core banking software should augment the system with payment services, necessitating the ability to integrate with service providers via APIs. Advapay enables you to customize your ideal product and enhance your Core Banking software according to your unique needs. All essential services can seamlessly integrate into our core banking system, leveraging pre-existing integrations with service providers for boundless innovation.

White-label web banking and mobile banking apps to save time and money

Customers seek convenience in performing banking operations through websites and mobile apps. Digital banking institutions and fintech companies prioritize user-friendly interfaces and aesthetics in their online tools. Developing new apps from scratch demands significant time and resources. Utilizing existing apps and integrating them with the bank’s central computer system proves to be a quicker and more cost-effective solution. Seek out companies specializing in core banking software that provide ready-to-use website and mobile applications. These apps leverage cutting-edge technology and prioritize customer satisfaction by offering features such as account balance checking, transaction viewing, bill payments, and more.

BaaS and Embedded finance–ready integrations for your fintech business

The Rise of BaaS (Banking as a Service) and Embedded Finance, particularly Embedded Payments, is gaining momentum. These solutions enable businesses without their own payment systems or even financial service licenses to access seamless payment and banking services through specialized API connections.

Working with BaaS partners offers clients two significant advantages. Firstly, it simplifies the process of selecting the most suitable BaaS provider for their needs. Secondly, as certain components are pre-built and merely require integration, it saves considerable time. Consequently, projects can be initiated and completed within a matter of weeks, contingent upon their setup.

Back-office application interface for easy operations management

The enhanced operator interface of core banking software features a user-friendly interface, simplifying task management for users. Sporting a modern design, it offers a wide array of functionalities, aiding employees in swiftly handling tasks related to company applications, financial transactions, customer interactions, and other monetary activities.

Staff members at digital banks and payment processing companies can effortlessly review and authorize applications for account registration, fund transfers, and currency conversions using this software. Additionally, they can manage accounting tasks, generate statements, utilize filters, and perform various other functions to enhance productivity and comfort in their work environment.

Core banking software for startups: tailored needs and budgets

For small businesses and aspiring entrepreneurs seeking cost-effective core banking software solutions, Advapay offers tailored options that align with your budget constraints.

Firstly, we provide a monthly subscription service that is affordably priced, allowing you to gradually enhance your service with additional features as needed, without the burden of upfront payment.

Secondly, our pricing structure is transparent and upfront, ensuring that you won’t encounter unexpected expenses. Upon agreement on your requirements, you’ll have clarity on the exact amount you need to pay. Our software is designed to be budget-friendly, particularly advantageous for those in the early stages of business development.

Highly secure solution adapted to regulatory requirements

At Macrobank, securing your information and adhering to regulatory standards is our top priority.

Ensure that your provider consistently updates the system with the latest security measures. With our system, you have the flexibility to create various user groups, establish rules, assign roles, and even customize workflows according to your specific needs. This empowers staff to categorize customers based on risk levels, enforce regulations, monitor transactions, and ensure compliance.

Moreover, our solution is equipped with built-in features to enforce regulations, prevent fraud, and verify the identities of individuals engaging in online activities. This proactive approach not only protects your information but also mitigates potential risks associated with unauthorized activities.

Built-in accounting system for comprehensive financial operations management

Our core banking software includes an integrated accounting system, which is pivotal for managing financial transactions effectively. This system enables fintech companies to meticulously monitor all monetary movements, ensuring accurate recording and adherence to regulations. It provides a comprehensive overview of the digital bank’s financial status and ensures compliance with regulatory standards.

With our built-in accounting system, you can monitor every financial transaction conducted by your digital bank or fintech company, including account openings, deposits, withdrawals, and fund transfers. It simplifies the process of generating reports that offer precise insights into your financial activities, aiding in strategic planning for the future. This system facilitates seamless management of accounts across multiple banks and enhances the handling of transactions in various currencies while tracking clients’ financial activities.