Overview

Online and Mobile Banking solution grants individual or business users the possibility to access and manage their financial products whenever they need, from anywhere, completely self-service through a modern user interface and seamless UX. It is a digital solution where people can access banking services online and mobile, services such as transactions, i.e., utility and bulk payments, view the balance and details about accounts, loans, and term deposits, communicate with the bank, and more.

The solution offers full flexibility for an end-user to be able to access with the same credentials both their private individual accounts and business accounts, as well. The Online and Mobile Banking solution has in place all required security, authentication, and authorization processes granting financial institutions and customers a secured experience, fully compliant with PSD2 Directive 2015/2366/EU (or PSD2) is an EU Directive that applies to payment services in EU. It expands the scope of the first EU Payment Services Directive which entered into force in 2009. It tackles the topics of Strong Customer Authentication, SEPA Direct Debit Scheme, online payments, and fees for transfers..

Business Pain Points

Online and Mobile Banking allows the end-users to conduct financial transactions over the internet with main use cases around:

Checking the account balance, the products details and view records of their transactions
Pay bills
Transfer money
Communication from and to the bank
Self-administration of the products.

The Online and Mobile Banking solution by FintechOS solves these pain points by offering a digital seamless way for online banking.

Advantages of the Online and Mobile Banking

Integrated value proposition covering regulatory requirements in terms of:
- Secure access and safely authorization of payments (Directive (EU) 2015/2366 (PSD2 Directive 2015/2366/EU (or PSD2) is an EU Directive that applies to payment services in EU. It expands the scope of the first EU Payment Services Directive which entered into force in 2009. It tackles the topics of Strong Customer Authentication, SEPA Direct Debit Scheme, online payments, and fees for transfers.) and Strong Customer Authentication Strong customer authentication (SCA) is a requirement of EU Revised Directive on Payment Services (PSD2) on payment service providers within European Economic Area. The requirement ensures that electronic payments are performed with multi-factor authentication, to increase the security of electronic payments.[1] Physical card transactions already commonly have what could be termed strong customer authentication in EU (Chip and PIN), but this has not generally been true for Internet transactions across EU prior to the implementation of the requirement,[1] and many contactless card payments do not use a second authentication factor.)
- Data privacy compliant (GDPR The General Data Protection Regulation is a regulation in EU law on data protection and privacy in European Union and European Economic Area.)
Web-responsive for mobile devices
Strong Identity Management platform solution able to either cover the full role or act as identity broker to financial institutions
An incredible time to market as short as 2-3 months for analysis and architecture, and 4-5 months for implementation
UX-driven by customer research and backed by global data insights
Over 100 system parameters and parametrization dictionaries for a very high degree of no-code hyper-personalization
Any payment schema support (Bankers' Automated Clearing System (BACS) BACS Payment Schemes Limited (BACS), previously known as Bankers' Automated Clearing System, is responsible for the clearing and settlement of UK automated direct debit and BACS Direct Credit and the provision of third-party services., instant payments, SEPA Single Euro Payments Area. European system of payments initiated by European Union to standardize the transfers., TARGET2 TARGET2 is the real-time gross settlement (RTGS) system owned and operated by Eurosystem. It is used for EUR payments ‘higher value’ payment OR urgent small value OR towards some countries which might not be in EU., SWIFT, etc.) through the payments module
The advanced list-based signature engine able to cover any joint signature and access/transaction rights for any corporate customer
An application for retail, SME Small and medium-sized enterprises or small and medium-sized businesses are businesses whose personnel numbers fall below certain limits.s and corporate customers.