The bancX Cloud Platform

The bancX platform allows banks lenders and fintechs to re-invent products, processes, and operating models from on-boarding, to origination and servicing, using hundreds of API’s available in a single, integrated, cloud-native, transactional, saving and lending core.

bancX leverages event sourcing & streaming to gather and react to today’s large-data sources with real time responses. In addition to our API’s we can offer our adaptable web / mobile web / native front-end to drive front and back office functions making for an out of the box data-rich, highly responsive platform able to adapt to complex demands within days.

bancX is a single point of integration for multiple service providers for digital signatures, identity management, credit/data providers, to optical character recognition amongst others. The platform offers multiple user interface options from our own UI through to specialist providers of digital front ends.

Flexibility

Comprehensive Banking Functionality

The bancX platform incorporates customer on-boarding, product origination and management systems for loans, transactional banking (current account) and savings. Our front end interface supports internet banking customer portals, branch internet, mobile, mobile internet, tablet, and agent.

The microservices architecture provides extensive security, access control and high configurability with comprehensive functionality: onboarding and KYC; loan origination with quote and application functionality; credit assessment; bureau integration; approvals and quality assurance; document management; notifications; transactional banking; loans; savings; product ledger and house ledger accounting; payments systems integration.

Power

Lending Engine

bancX comes with an out-the-box standard Loan Origination System (LOS) and Loan Management System (LMS), and a range of lending API’s preconfigured for immediate usable application. It has an extensible UI layer developed in Angular that allows for a fast-start in the Lending Service. The UI targets an in-branch model as well as customer self-servicing across loan product origination and servicing.

bancX’s term lending calculator can model a vast array of term lending configurations, ranging from simple microloans to personal loans to mortgages and even to complex structured finance products.

It comes standard with configuration for personal loans and variant capability to the product configuration (fees, interest, revenue allocation models).

Customer Journey Management

Transactional & Savings Banking Engine

bancX comes preconfigured with an out-the-box standard transactional and savings front-end for immediately usable application. Our savings and transactional accounts API’s provide additional power for flexible configuration.

The Transactional & Savings Banking Engine has an extensible UI layer developed in Angular that allows for a fast-start in the Savings and Transactional Services onboarding, origination and servicing.

Time-to-Market

Product Creation

The bancX platform is specifically designed to adapt, configure and bring-to-market products that create credit, accept or transact in deposits, withdrawals, and those that provide payment services or complementary products in the financial services sector.

Affordability

Multiple Integrated Service Capabilities

bancX comes standard with a comprehensive range of pre-integrated service capabilities.

Time-to-Market

bancX UI Capabilities

bancX supports multiple channels including back office, tablets and mobile phones, as well as internet. Using Angular with Ionic allows for complete integration of phone and tablet capabilities for both Android and IOS.

Affordability

Workflow Capabilities

The workflow service is driven by a modern process management engine that supports the trio of Business Process Modelling Notation (BPMN), case model and management notation (CMMN) and decision management and model notation (DMN).

Workflow capability in the platform provides the ability to customise flows for different products, business and operating models to suit the particular needs of customers in differentiating their service offering.

Affordability

Developers

bancX has an open platform-based approach and architecture. Via our microservice architecture and API’s bancX opens up access for internal bank teams or developer partners. This provides customers with more banking options, increasing revenue streams, by allowing development to take place in an agile, fast, and secure manner.

The true value of bancX lies not simply in its technology and the functionality that it provides, but in its architecture, and what this enables.

Take the 1st step to Experiential Banking

To learn more about our platform simply click to schedule a demo with one of our experts:

Schedule a demo

 

191 Jan Smuts Ave • Parktown North
Johannesburg • South Africa
+27 11 731 1700