As banks grapple with the calls for of an more and more digital world, a profound transformation is underway. Gone are the times when monolithic programs dominate the banking panorama; at present, agility, adaptability, and innovation reign supreme.
This seismic shift displays not only a response to client preferences, however a strategic crucial pushed by technological developments, regulatory pressures in addition to intensifying market competitors.
Legacy programs, with their centralised constructions and inflexible architectures, are proving to be obstacles on this new period of banking. These outdated programs hinder banks’ capacity to reply swiftly to market adjustments, stifle innovation, and restrict the supply of personalised experiences to prospects. Of their place, a brand new strategy is rising – one which embraces API-based microservices structure embedded in cloud infrastructure.
This strategy gives banks the flexibleness and scalability they should thrive. By breaking down silos, fostering interoperability, and enabling fast growth and deployment of latest providers, API-based microservices structure empowers banks to ship seamless, built-in experiences throughout channels and touchpoints.
Comarch’s focus
Based in Krakow in 1993, Comarch Monetary Providers champions revolutionary options that align with the shifting tides of the trade. Its Comarch Open Platform resolution presents a chance for each fintechs and banking establishments to modernise and streamline their operations, successfully bridging the digital hole throughout the trade.
With its multifunctional enterprise modules encompassing areas akin to money administration, commerce financing, mortgage originating, and factoring, organisations leveraging the platform can improve their effectivity and meet the various wants of their purchasers, even these with essentially the most stringent necessities.
In keeping with Comarch, a key participant in Poland’s burgeoning presence within the world IT area, the reliance on conventional, centralised architectures is not tenable. It sees the path of adjustments in direction of migration to cloud-based options, in addition to within the strategy to banking programs constructing, in direction of microservice structure.
Grzegorz Urbański, product supervisor at Comarch Open Platform, explains: “Monolithic programs are a factor of the previous. Versatile and API-based microservices structure embedded in cloud infrastructure is the long run.
“We’ve constructed the Comarch Open Platform on this precept, which has been enthusiastically acquired by our companions. Successive awards reinforce our perception that there is no such thing as a escaping the following part of digitisation – the client-centric ecosystems.”
Comarch Open Platform acquired a lot of awards and titles in 2023, together with:
- Finest Innovator within the Person Expertise from International Finance Journal, acquired in Finest Monetary Improvements 2023 on 31 Could. This worldwide award honoured Comarch Open Platform’s holistic UX strategy.
- Finest API/Open Banking Platform Supplier for SME Banking from The Digital Banker, acquired throughout International BankTech Awards 2023 on 8 September. This worldwide award recognised Comarch Open Platform and Comarch Company Banking ecosystem with ready-made banking modules.
- Finest Software program for SME 2023 from Gazeta Finansowa, acquired in Turbiny Pol skiej Gospodarki (Generators of the Polish Financial system) September report honouring revolutionary merchandise and instruments that assist and drive the SME sector.
- Finest SME Ecosystem Software program from SME Banking Membership, acquired throughout CEE23 SME Banking Convention on 30 November.
“The success of Comarch Open Platform is mirrored not solely within the variety of system implementations we’re presently offering, but in addition within the appreciation of our resolution by quite a few juries,” mentioned Andrzej Przewięźlikowski, vice chairman, director of monetary providers division at Comarch.
“Our multi-level strategy to buyer expertise, but in addition technical features akin to the flexibleness of the platform to create whole banking ecosystems, had been additionally recognised. We’re grateful for these awards and for the belief of our prospects, with whom we’re coming into a brand new part of digital banking collectively.”
