- Number of business clients: 600
- Number of accounts: 380 million
- Number of offices: 79
- Date founded: 1997
Decreases running costs, enables automation, and boosts resilience. We can use different cloud providers, including your private ones.
Available thanks to a wide range of various services. It allows banks to meet the needs of all clients, improve time to market.
Facilitate third-party integrations, help banks to scale better. This tech also decreases the cost of core banking software development.
Provide advanced analytical capabilities. Thanks to optimized core data warehouses, businesses can access info much faster.
The average project time depends on the size (number of accounts in your bank) and scope (number and complexity of modules or interfaces required). For new implementations, this timeline varies from 6 months to 3 years. Migration and upgrade projects also depend on the number of accounts, products such as loans or deposits, as well as infrastructure readiness. Depending on the chosen approach, these projects also can take from 6 to 36 months.
The total cost usually depends on the costs of software and services. The first aspect varies from vendor to vendor. For instance, Oracle, Finastra, and Temenos have different software fees. The availability of vendor support matters a lot, too. Services depend on size, scope, and schedule. The most essential factors include the complexity of integrations, localization requirements, local central bank requirements, migration strategy, the readiness of third-party services, EOD/EOM procedures, IT support, and change requests.
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