How Connection Solves the Problems the Market Faces Today
The rise of fintech companies has provided a pathway to digital transformation. In fact, 81% of FIs see fintechs as the best strategy for achieving these goals. However, without a dedicated legion of developers, that pathway looks more like the trail to the summit of Everest. FIs need a solution that enables seamless integration with their core banking platforms.
One Connection for Modern Banking Experiences
For FIs connectivity starts and ends at the core. If a fintech isn’t connected to your core, or your core doesn’t offer the feature you need to deliver on your vision, all hope is lost, so to speak. This power struggle hasn’t helped propel the industry forward, it just holds FIs back from creating a superior customer experience. To regain power and become more competitive in the market, there are five clear steps that FIs can take:
1. Modernizing the Core: A modern core banking platform is vital to creating a scalable, modern banking experience;
2. Reducing Costs: By automating manual and laborious processes, FIs need to reduce operational costs and enhance efficiency;
3. Leveraging New Services: They seek to leverage new fintech services to fuel their growth and expansion;
4. Improving Customer Experience: Digital transformation is essential for enhancing the customer experience and staying relevant in the digital era; and
5. Delivering Ease: FIs need to differentiate themselves by providing clients with easy access and streamlined connections to their services.
The Gateway to Connectivity
To help FIs take back the power, Kinective provides effective API connections and full integrations of fintech solutions. With over 80 fintechs integrated with more than 40 core banking platforms, Kinective offers an expansive ecosystem of use cases and channels, unlocking the potential of best-in-class fintech providers for banking. So many things happen when FIs have the power to make these decisions.
• ACCESS: FIs gain access to a broad range of fintech solutions and comprehensive use cases and channels, all through effective integrations.
• CHOICE: FIs have a wide array of offerings to choose from today, with the flexibility to switch to more innovative solutions in the future.
• CONTROL: With turnkey connections, independent of the core, FIs can have control over the pace that they innovate.
• COMPREHENSIVE SOLUTIONS: End-to-end connectivity optimizes efficiency, reducing costs by automating workflows, eliminating errors, and streamlining processes from start to finish.
Connectivity is more than just a solution; it is the key to unlocking an FI's objectives for growth and success. By embracing the power of connectivity, FIs can future-proof their operations.
Connectivity is King
Seeing this problem over and over again in the industry, three companies that solved pieces of this problem have come together to bring full connectivity to the market. CFM+NXTsoft+IMM/eSign have merged to create what we now know as Kinective.
Kinective is the force multiplier banks and credit unions need to scale transformation efforts faster through one connection between fintechs and b...