Digital banking is becoming more popular with consumers. According to Bankrate statistics, 203 million people use digital banking services in 2022, and that number is projected to reach 216.8 million by 2025.
Online payment technologies help companies to optimize the transaction process, enhance the customer experience, and reduce costs. However, building banking software requires a lot of time and resources. Therefore, businesses can rely on specialized digital banking software providers.
How does it work?
A digital banking software provider is a company that makes bank products and services available for businesses. The payment platform connects to the core system and groups them into services that internal APIs can access. It is a system that is based on cutting-edge technology and provides the infrastructure needed for banking services: payment system, money transfer, currency exchange, card-to-card payments, and digital wallet. Many financial businesses work with vendors to prevent risk and delays by giving employees and end customers an immediate way of payment across different channels.
Advantages of working with digital banking software provider
Every software provider offers its own benefits for your business, so we highlight the most common and necessary of them.
Working with a banking software provider gives your company the following benefits: a fast payment solution, saving time and money resources, a high level of security, and several features that you can implement into your business.
- Fast payment solution. You can reduce the development time using a ready-made software solution.
- Saving resources. Working with a digital banking software provider you do not need to hire a development team.
- Security. The database is hosted on the company’s own server.
- Customization. You get a basic product and customize the platform, using your branding design.
- The number of features. The software serves as a platform for your product where you can add necessary features according to business requirements.
SDK.finance software provider
Choosing the right banking provider is difficult and time-consuming because there are a lot of vendors on the market that offer different features for your business. Thus, you have to determine what functionality is a priority for you: fast transaction processing, fraud detection, or leading analytics.
SDK.finance is a leading digital software provider for financial companies. We ensure an affordable and time-saving payment service for businesses. The company gives you an opportunity to obtain a proven core payments platform with a wide range of features and functionality to jumpstart your payment enterprise.
The SDK.finance banking software has the following features:
- Payment system
- E-wallet
- Payment processing
- Money transfer,
- Currency exchange,
- Card-to-card payment,
- Mobile bank,
- Transactions history
In addition, you can use digital platforms to introduce additional functionalities to your bank’s core systems through API integrations. Cooperation with SDK.finance helps you to kick off your business banking product in less time and with less spending.
To conclude, digital banking is becoming more and more popular all over the world, there is a need for modern payment solutions. You can build it from scratch or cooperate with digital banking software provider to build digital banking and payment products, without heavy investments, saving team resources and accelerating the release.