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Banking and Finance.

Talk to our Experts Here's how our fintech advisors can bring your idea to life.

Overview

Design, build and run your digital-native bank digital-native Bank

Neobanks are digital-only banking platforms that operate solely online. Simply put, they do not have a physical presence. For customers, transactions in traditional banks could require a lot of time and effort. Neobanks promise a seamless online experience by bringing an experiential, digital layer on top of traditional banking. Due to their tech-driven nature, customers can create accounts by themselves and use their offerings hassle-free. 

 

As the Reserve Bank of India (RBI) does not permit fully-digital banking establishments yet, neobanks in the country use partnerships with physical banks to deliver some of their key services.

 

Features of Neobanks

Neobanks are becoming a go-to choice for many customers as they offer multiple benefits to meet the evolving needs of new-age users. They focus on enhancing the banking user experience and serving their needs within no time. 

 

Today, smartphone usage and internet penetration are growing faster in India than in many other countries. Neobanks have taken advantage of this situation and provide services that are fired up by technology. This has attracted a lot of millennials, and tech-savvy populations. Here are features of neobanks that differentiate them from traditional banks: 

  • Savings account: High-waiting times spent in traditional brick-and-mortar banks may seem endless to users. Due to the online nature of neobanks, they can easily enable customers to open savings accounts – furnished with even a physical debit card. 
  • Credit cards: Neobanks promise great offers on credit cards. With traditional banks being wary of offering financial services to certain industries and sectors (like startups), neobanks are fast becoming a more viable option. Some neobanks even provide high-limit, unsecured credit cards based on business performance. 
  • Personal or business loans: Neobanks offer an umbrella of services including individual and startup loans, and also aim to serve some of the underbanked communities. In doing so, neobanks are addressing and bridging the gap between traditional banks, individuals, and growing businesses across the country. 
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Solutions

Shape the future of banking

Design, build and run your digital-native bank

Digital Banking Suite is more than just another banking software platform, we’re a proactive business partner that helps you stay on top of the digital revolution. We blend an API-first, go-to-cloud approach with a human-centered design to ensure that financial institutions keep pace with technological change.

From streamlined onboarding to omnichannel banking to a fully digital customer experience, we’ve got you covered.

Digital Banking Suite is an open digital banking platform with composable banking capabilities, including an omnichannel customer experience and cloud-native, state-of-the-art middleware.

  • Modern customer experience, fit for every channel
  • Support for request-to-pay, Instant Payments, ApplePay and Google Pay
  • Compliance and regulatory reporting for KYC, AML, PSD2, and GDPR
  • Comprehensive library of off-the-shelf banking solutions
  • Running on AWS, Axway premium API capabilities
  • Middleware functionality supported by OpenShift technology
The solution & Technology

COMPLY, CONNECT & INTEGRATE OUR ECOSYSTEM TO EMPOWER YOUR CUSTOMERS

Our Open Banking solution is more than just a software to enhance your banking capabilities, it is a game-changer.

Depending on the maturity of your open banking/open finance journey, our cloud-native offer ranges from compliance to PSD2 regulation to a full-fledged market-leading open API platform, with a powerful account aggregator and data enrichment capabilities.

Connect with 3,400+ financial institutions

Our solution allows you to refine and redefine your customers’ lifestyle by bringing various financial services on a single banking application and by presenting impactful insights in a user-friendly manner.

Unleash the power of open finance. Embrace the platform economy

Open banking platform is a modular solution with off-the-shelf capabilities available on SaaS that allows banks and financial institutions to:

  • Connect with more than 3400 banks and leverage the data to build innovative services and personalize customer journeys with Open Banking Aggregation and Advanced Services solution
  • Partner with third parties, expand their portfolio and build their own ecosystem to stay ahead of the curve in a rapidly changing market, thanks to the Ecosystem Enablement solution
  • Expose customer data and services securely through a set of regulated APIs with an Open Banking Compliance solution
 
“Embrace what you don’t know, especially in the beginning, because what you don’t know can become your greatest asset. It ensures that you will absolutely be doing things differently from everybody else”
Louis Roche CEO Gulf Fintech
Result Driven

Open Banking Use Cases

Multi-banking

Connect to 3,400+ financial institutions and manage the plethora of different data types, authentication, and authorization schemes. Gain access to PSD2 and non-PSD2 accounts, aggregate, analyze, and present the data in a user-friendly way.

Enhanced onboarding

Connect with prospects across all channels, verify auto-filled KYC information, enable your customers to share permissioned data from other banks… Speed up the process!

Personal Finance Manager

Open banking-enabled PFM solutions provide customers with a single digital app where they can access all their financial data for personal wealth management purpos

Marketplace

Create your own Use Cases to serve specific needs. Discover our advanced services to build personalized digital journeys by leveraging customer’s detailed account information.

Let's Build for the Future.

Career opportunities Join a team that's focused on bringing the future forward.

Benefits

Advantages of FinTech applications for financial institutions

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70+ NPS score

Understand your customers and give them the engaging experiences they expect. Boost customer satisfaction, acquisition, and retention.

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Continual improvement

Leverage frequently updated, off-the-shelf capabilities to modify functionalities and user experience and respond quickly to changing conditions.

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90 Days to design your bank

Use our toolkit to create your digital bank and quickly go to market – front-end, middleware, and core banking systems.

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Generate new revenue

Uncover possibilities, connect with third parties, and create neatly bundled, personalized bank and non-bank offers.

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90% Decrease in customer acquisition cost

Increase organic customer acquisition. Seamlessly engage with customers and increase their lifetime value.

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Progressive transformation

Adopt a composable banking approach. Add or remove components at every layer – from UX to business services – to meet precise needs.

Disclaimer: All views and opinions that may be expressed in the posts on this page as well as post emanating

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We are always on the lookout for talented folk to join our team. Follow us on LinkedIn!

Industries we serve

Gulf Fintech’s industry clients represent:

AI Healthcare & Pharma

Cryptocurrency Mining

AI Government & Public

Human Resource Consultancy

AI Financial Services

AI Innovation and Consultancy

Investment in Tech Projects

Capital Markets Trading Technology

We are always on the lookout for talented folk to join our team. Follow us on LinkedIn!

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