Our client has financed more than $8 billion to date by operating as a bridge between capital market investors and emerging sectors by offering different credit opportunities. However, despite a steady growth rate, the client’s existing third-party core banking solution had multiple challenges.
One of the main challenges was that for every additional feature requested, big or small, our client had to wait for a very long period.
The feature was only updated in the core banking system when the third-party software vendor was ready to roll out those features as an overall version update. This became a bottleneck for the customer to implement any immediate policy or business changes across the ecosystem.
Also, the client faced difficulty in implementing cross-functional data integration of all banking applications, banking operations performed by various departments at different branch offices and other partnered microfinance lenders.
To overcome these challenges and to bring a centralized solution, our client compared multiple vendors and technology options and decided to choose Zuci Systems as their technology partner for end-to-end development and support for a new core banking system.