The future of banking is Digital, Modular & Real-time
Lead by regulation, new standards and fast-changing customer expectations, the world of Banking & Financial Services is evolving at a frantic-pace. An industry often characterised by legacy, technical debt and years of under-investment is now facing competition from agile, fast and cloud-first technology companies, from fintech to big-tech.
When you don't want to rip-and-replace:
As the industry begins to slowly adopt 'cloud-first' and 'API-first' as a fundamental way-of-thinking, the reality is that mature, legacy environments simply cannot just be replaced. Pressure brought on by regulation (PSD2), competition (Open Banking) and new models (instant, cross-border payments) means the BFSI world needs technology that can bridge the gap between old-tech and new-tech.
Fiorano provides mission-critical technology infrastructure for Banks and Financial Services that is proven globally, connects the old and supports next-generation requirements of interface formats, availability, speed and being real-time.
"Atul Saini, CEO, Fiorano Software talking about the relevance of open banking and the transformation in the banking ecosystem driven by open banking & compliance such as PSD2 in an interview with Financial IT at Open Banking Expo 2019, London"
Atul Saini, CEO
Fiorano Software
Fiorano Software
"Biju Suresh Babu, Open Banking Lead & PSD2, Fiorano Software talking about the challenges for banks in achieving PSD2 compliance and importance of adopting APIs to speed up digital transformation in an interview with Financial IT at Open Banking Expo 2019, London."
Biju Suresh Babu,
Open Banking Lead
Open Banking Lead
Overview
The future of banking is Digital, Modular & Real-time
Lead by regulation, new standards and fast-changing customer expectations, the world of Banking & Financial Services is evolving at a frantic-pace. An industry often characterised by legacy, technical debt and years of under-investment is now facing competition from agile, fast and cloud-first technology companies, from fintech to big-tech.
When you don't want to rip-and-replace:
As the industry begins to slowly adopt 'cloud-first' and 'API-first' as a fundamental way-of-thinking, the reality is that mature, legacy environments simply cannot just be replaced. Pressure brought on by regulation (PSD2), competition (Open Banking) and new models (instant, cross-border payments) means the BFSI world needs technology that can bridge the gap between old-tech and new-tech.
Fiorano provides mission-critical technology infrastructure for Banks and Financial Services that is proven globally, connects the old and supports next-generation requirements of interface formats, availability, speed and being real-time.
"Fiorano has been critical in enabling the,
speed and efficiency with which we have, been able to roll out this innovative product,
M-Shwari and handle the unexpected large volume of transactions and data."
Dennis Volemi,
Head of Technology
Commercial Bank of Africa
"Every time, we have to implement or connect our existing channels with new software vendors, it takes us a long time. Normally, it takes 2-3 months just for the implementation. Having Fiorano ESB helps us to speed up the entire process. I would say time saving could be from traditional 2-3 months to 2-3 weeks."
