Customers want fast and simple user experiences. The biggest challenge faced by the financial industry is to meet changing customer expectations at efficient cost levels.
Craft Silicon has evolved a full blown Virtual Bank or Banking–as–a–Service (BaaS) that offers the services of a bank with the convenience of today’s smart devices. This financial solution allows banks to hasten their entrance into new markets as well as rapidly meet the needs of digital consumers. It runs via a hosted middleware that is integrated to a Web–Based Core Banking system as the gateway to an application, run on a range of smart devices and alternate channels.
The middleware is capable of aggregating the services of third parties such as MNOs, utility providers, social platforms and various merchants so that an institution’s customers can take advantage of value–added features, quite apart from traditional banking transactions.
Craft Silicon’s BaaS provides full services & capabilities along with the experience of a bank branch, with the added convenience of remote usage & digital channels.