FinWiz Banking solution has at its foundation technologies of future and sound banking principles.
The solution offers great flexibility to a bank / financial institution to self-manage its changing needs on account of changing customer composition, competitive landscape and regulatory guidelines.
Each module, workflow and report has been designed to enhance customer experience, improve efficiency, reduce risks and improve outcomes through assisted processes.
FinWiz’s design factors in the security features that have become all the more critical in the digital world where transactions are originated from remote locations, from diverse set of entities and are processed in near real time.
Many banks are still using legacy systems that are outdated and inefficient. There is a growing need for modern core banking solutions that can streamline operations, improve customer service, and support digital banking initiatives.
As banks embrace digital transformation, they require flexible, scalable, and agile core banking systems that can integrate with new technologies such as mobile banking, internet banking, and artificial intelligence.
Regulatory requirements continue to evolve, and banks need core banking solutions that can adapt to these changes seamlessly. Compliance with regulations such as KYC (Know Your Customer), AML (Anti-Money Laundering), and GDPR (General Data Protection Regulation) is crucial.
Enhancing the customer experience is a top priority for banks. Core banking solutions play a vital role in enabling personalized services, quick account opening, faster loan processing, and seamless transactions across multiple channels.
Core banking systems generate vast amounts of data. Advanced analytics capabilities embedded within core banking solutions can help banks derive valuable insights into customer behavior, identify trends, and make data-driven decisions to improve profitability and mitigate risks.
With the rise of open banking initiatives worldwide, there is a need for core banking solutions that support open APIs (Application Programming Interfaces) and enable collaboration with third-party providers to offer innovative financial products and services.
Newer technologies and software solutions often come with improved efficiency, allowing banks to process transactions faster, reduce operational costs, and streamline their processes.
Regulatory requirements in the banking industry are constantly evolving. Upgrading core banking software ensures that banks can stay compliant with new regulations without significant disruptions to their operations.
Newer software solutions are often designed to integrate seamlessly with emerging technologies such as artificial intelligence, machine learning, and blockchain. This enables banks to leverage these technologies to innovate and stay ahead of the competition.
Upgraded core banking software can offer more advanced features and functionalities, leading to an improved customer experience. This includes faster transaction processing, personalized services, and access to innovative banking products.
As banks grow and expand their operations, they need software solutions that can scale accordingly. Upgrading core banking software ensures scalability to accommodate increasing transaction volumes and customer demands.
Cybersecurity threats are constantly evolving, and newer software solutions often come with stronger security features to protect against cyberattacks and data breaches.
Micro-Services Architecture
360° customer view
Actionable Insights Dashboard for CXOs of Bank
Digitally Controlled Governance
Create custom fields and records
Master Maintenance at fingertips