The Future of Banking Infrastructure

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As emerging technology continues to transform the way businesses and consumers spend their money and manage their finances, the future of banking looks to be bright, innovative and accessible.

In particular, new cloud-native core banking platforms that offer decoupled financial microservices integrated into a single marketplace is setting the bar high compared to offerings from traditional core platform vendors. 

When these independent suppliers combine their financial services into a marketplace, businesses and banks can quickly build, launch and iterate on new products and customer experiences.

Organisations can mix and match services from different vendors to create customised user experiences for internal business operations and external customer-facing journeys.

These services are linked together by event streams that shape user journeys and work to make applications ​​real-time, resilient, and agile. That’s why Orenda use AWS Lambda, a serverless event-driven computer service natively integrated with over 200 AWS services and software as a service (SaaS) applications.

The key benefits include:

  • Interchangeable services
  • Customer-centric propositions
  • Quickly adapt to market needs
  • Quick and convenient scalability
  • Secure and robust
  • Ideal for driving innovation

By rapidly designing and delivering flexible services and systems without the traditional constraints of the market, Orenda’s core banking platform unlocks the true potential of BaaS.

If you’re looking for a no-code core banking solution that can keep up with the demands of the future, get in touch.

Article by Orenda Finance

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