Most mid-size and large banks are still running core banking software that is more than 30 years old.
In the intervening decades we’ve witnessed the internet transform the world, commerce move to the mobile device, and computing move to the cloud. These mainframe systems never anticipated such seismic changes.
This presents very real challenges to banks that must operate in this age of APIs, real-time payments, and data-driven decisioning.
Finxact is a transformative modern banking platform that meets the scale, performance, and regulatory requirements of the largest US financial institutions.
The future of banking will require an agile core platform.
That’s why Finxact was designed to be Cloud-native, with containerized applications designed to deploy into an elastic and resilient cloud to ensure operational continuity.
It’s also API-first. Your bank can now leverage Analytics, Machine Learning, and AI to capture insights from the explosion of data that will come with the emergence of IoT.
The Finxact core is Real-time, meaning transactions are always in balance and end of the day manual processes are eliminated.
Its temporal data persistence layer enables a view to any event or transaction in the past to be recreated from an ‘as of’ date and time..
And its data model is extensible, meaning banks and their providers can now write new attributes to any object to create new products on demand and at speed.
The world’s leading professional service firms have partnered with Finxact to guide banks in their digital transformation journeys.
Position your bank for tomorrow, today, by speaking with one of our partners to discuss your core transformation strategy.
