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It was only a couple of years ago that everybody was talking about API-first and developer-first FinTech solutions. Now, it’s low code, no-code, embedded finance or banking services.
We see no-code as a continuation of this theme, where you’re taking complicated banking products and capabilities but simplifying the way that you offer and deliver them to the consumer. The less tech involved, the better.
Not long ago, providers offered banking services as long as you could connect to their API. To do this, businesses need tech people who know how to connect the API to an interface.
Businesses also require payment knowledge and expertise because the API has a lot of data information and terminology, so you need both a tech and payments person to do the API implementations.
Overall, this route results in high costs of development, lengthy times to market and an end-product that is often difficult to scale.
With Orenda’s no-code route to market, you don’t need that anymore. All you need to decide is what products to offer and how you want it to look. You don’t need to pay for technical or payment expertise because we take care of the hassle for you.
To read more, click here.