Today’s consumers and SMEs expect banking services that are fast, functional and intuitive. Fusion Essence in the cloud helps challenger banks and SME lenders on-board customers faster, launch new products and services ahead of the competition, and deliver banking exactly as they expect it.
UNLOCK CUSTOMER CENTRICITY
40% of consumers state that experience is the most important factor when opening or closing an account. Consumers and SMEs are increasingly expecting better service and more personalised services, built around their needs and lifestyle.
ALWAYS-ON
INNOVATION
With a Platform-based ecosystem, banks can unlock innovation and foster collaboration to enhance their offering.
ACCELERATE BUSINESS GROWTH
Today success depends on agility, the top priority for challenger banks is to rapidly build scale, attract customers, and increase share of wallet.
Unlock Customer Centricity
What makes a happy customer?
Today’s consumers – me, you – are on-the-go. We live fast-paced lives, and the services we use reflect this. We want technology not for technology’s sake, but because it makes our lives easier, helps us move faster and allows us to achieve more each day.
With the world around us digitally transforming at a rapid pace, the opportunity to deliver value-adding financial products and services has never been greater.
Here are three steps to delivering banking services, exactly as your customers expect them:
- Launch fast. New ideas – we all have them, but we don’t all act on them.
- On-board seamlessly. Capturing business relies on more than just the idea.
- Design and deliver new products that WOW your users. Converting a potential customer into a real customer is hard.
Fusion Essence in the cloud helps challenger banks and SME lenders on-board customers faster, launch new products and services ahead of the competition, and deliver banking exactly as they expect it.
Robert Richards, UK Banking Lead, Finastra
Always-on Innovation
Fintech or Bank? Technology is changing banking.
Only 26% of banks feel ready for Open Banking Platform makes possible previously unachievable level of service, collaboration and innovation. Combined with core solutions that have an open architecture and open APIs, it enables the quick extension of a bank’s ecosystem , providing new opportunities for revenue growth.
Fusion Essence in the cloud is a fully integrated core and digital solution, localized for the UK market. Deployed on Azure, Microsoft’s enterprise-ready, trusted cloud platform, it is particularly suited to ambitious challenger banks, enabling them to come to market with velocity, allowing them to launch personalized offerings first and fast, maintaining a competitive edge.
To gauge the impact of Open Banking on the financial services industry, Efma and Finastra asked senior banking professionals about the challenges and opportunities they see, and the strategies they are putting in place for success. This report brings their insights together.
Technology is the key to successful participation in the new API economy and most bank plan to make significant changes to their technology and way they do business.
Accelerate Business Growth
Today success depends on agility.
Agility, speed to market and customer conversions are all essential. Open APIs enable the creation of new ecosystems, as well as collaboration with other banks and third parties, turbocharging new opportunities for revenue growth.
Fusion Essence in the cloud frees banks from the burden of IT operations with a pay-as-you-go subscription model. The solution covers UK core and digital banking requirements, including lending, digitally originated deposits, payments and regulatory reporting. An accelerated onboarding approach enables banks to launch first and, importantly, to drive fast customer adoption and business growth once live.
Hear it from our customers
Watch how Bank of Dave has joined forces with Neoflex to deploy Fusion Risk technology, with the aim of securing a banking license and ensuring ongoing compliance once in production mode.
Watch Caj Sjöman, Head of Mobile Banking at Ferratum discuss how the firm is giving customers 24/7, on-the-go access to financial services at a ground-breaking speed.
Find out how with a connected, front-to-back core banking system, Bank of Ceylon can deliver a high-quality service to customers, all while meeting regulatory demands.
Fusion Essence in the cloud gives ambitious challengers the velocity to launch first and fast. It can be implemented quickly, and delivers the agility for fast time-to-market, driving rapid growth while reducing your TCO.
