In today’s fast-paced digital world, banks have been striving to create an efficient and secure online banking experience for clients. In this fiercely competitive environment, Finacle eBanking (third-party banking software developed by Infosys) redresses the way banks interact with customers completely. Let’s take a look at the reasons why Finacle is taking the financial technology sector by storm.
A Comprehensive Solution for Different Customer Segments
Finacle eBanking is personalized and not a one-size-fits-all solution. It provides tailored functionality and user interfaces to suit different customer segments like:
- Retail Banking
Users can access this easy-to-use platform for safe, widespread and varied banking services from their homes. - SME Banking
Small and medium-sized enterprises have their own set of requirements. Features in Finacle eBanking Applications are designed especially for this sector enabling people to manage cash flow, carry out business transactions and run financial operations in a smooth manner. - Corporate Banking
Large firms need powerful financial management tools. With functions such as advanced liquidity management and complex workflow control, corporate customers can use this ebanking app to look after their extensive finances efficiently. - Boosting Banks Growth
Finacle eBanking offers services to the customer, but it’s also a powerful tool for banks to drive their own efficiency and growth. Here’s how: - Customer Acquisition
Through superior digital banking services, banks open up the opportunity to attract new customers who are looking for convenient banking solutions that are up-to-date. - Operational Efficiency
The platform reduces the bank’s workload, and in turn, streamlines many of the banking procedures to eliminate areas of error. As a result, overall, operational efficiency is raised. - Cost Optimization
By moving most of their services onto digital channels, banks are able to rationalize their distribution and service costs. This reduces the need for expensive physical infrastructure.
Feature-Rich Platform
Today, Finacle eBanking is one of the most sophisticated digital banking solutions available, with just about every function conceivable included such as:
- Secure processing of transactions
- Tools for personal financial management
- Electronic workflow management
- Real-time account updates
- Investment and portfolio management
There are many digital-only banks worldwide that depend on Finacle’s innovative products for rapid growth. Major banks have started using Finacle as the benchmark for their own digital banking offerings.