The advent of digital banking, cloud, and APIs has seen a significant shift in the way banking products and partnerships are constructed.
Banks are now expected to process transactions in real-time, be able to stitch together partnerships with fintech companies in a matter of weeks, release new features frequently, be able to scale (up and down) their infrastructure needs at will, and even execute on M&A quickly.
Facilization has been at the forefront of the digital era by enabling banks the transformation of their legacy systems into cloud-ready and open-banking solutions.
One of the key challenges in the digital environment is to create customer experiences that are strong enough to make customers want to use more digital services. Facilization provides a One-Stop-Shop PSD2 Compliant Open Banking Solution based on pre-integrated best-in-class Oracle technologies with implementation services to integrate to your existing environment. By entrusting Facilization, your organization will:
Banks often underestimate how long it takes to integrate the new core banking system (CBS) with back-office applications, resulting in more custom solutions and complex interfaces that create a significant budget and time overruns. Therefore, a myopic (price-based) approach to vendor selection and the customization of individual applications can undermine the impact of a new CBS. Facilization does not only bring on the table its experts with long-standing technical experience in greenfield implementations and M&A integrations but also strives to enable your business model by following a consultative approach. We start every project by formulating a blueprint layout and integration model describing the timescale, stages, and principles of efficient IT integration. The layout and model can be re-used by Banks to internalize and develop a clear IT strategy that fully supports their future expansion and M&A transactions.
Facilization is not just an implementation partner. We evaluate regulatory compliance in a rigorous, disciplined manner, pinpointing real problems and potential issues when developing a risk and compliance solutions. It is in our nature: 65% of our experts come from previous banking job experience. This is what led Facilization to successfully develop its IP software in the banking areas of risk management, regulatory reporting, collection, and recovery of non-performing assets. Our F-Analytics suite launched in 2014 is the predominant Basel and IFRS9 solution used by several banks in our portfolio.
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