There is a massive backlog of legacy applications and processes embedded in the financial services industry.
This has resulted in architecture, systems, applications, processes, and business models that are often fragile, expensive to maintain, risky, slow, and difficult to change. This is against a backdrop of ever-increasing technology adoption where financial services are being embedded into an ever more digital, real-time customer experiences.
bancX provides a complete modern core banking platform with processes for loans, savings, cards, and current accounts, as a service, utilizing where necessary, an existing bank’s regulatory and compliance capabilities, all driven by API’s and an integrated market place eco-system of specialist providers.
We help financial services institutions and brand companies offer financial services and overcome legacy systems, with a cheaper, better, faster solution.
|Stage||Growth stage EST January 2020|
|Sectors||Cloud solutions, Fintech, Software as a Service|
|Markets||Algeria, Argentina, Austria, Brazil, Denmark, Egypt, Ethiopia, France, Gabon, Germany, Ghana, Indonesia, Ireland, Kenya, Libya, Madagascar, Malaysia, Mauritius, Mexico, Morocco, Mozambique, Netherlands, Nigeria, Philippines, Singapore, South Africa, Sweden, Switzerland, Tanzania, United Republic of, Thailand, Togo, Uganda, United Kingdom, Vietnam, Zambia|
|Customer model||B2B, B2B2B, B2B2C|
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