Go Digital with Turing Core Banking Solution!
The surge in digitization paved the way for robust core banking technology that is expected to grow globally at a CAGR of 14.6% from 2020 to 2027 and reach $28,785.85 million by 2027.??
Core banking kickstarted digital transformation in traditional banks and helped new-age banks speed up the next-gen customer experience. API-led core banking architectures enable banks to scale reliable and strong banking ecosystems with frictionless, rapid integrations.??
We pave way for this revolution globally!?
M2P’s Turing CBS??
Turing is a core banking system that offers a wide range of services to strike a balance between providing high-quality services and cost optimization. By leveraging contemporary technologies like AI, ML, and data analytics, Turing assists banks in growing their tailored offers without dramatically expanding the number of product variants.?
Why Turing?
Benefits of Digital Core?
Digital Core will have a robust API management framework to start open banking to effectively monetize open APIs.??
Leverage modern technologies, use of AI, ML, data, and analysis for hyper-personalization, enhanced customer experience.??
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Leverage low code capabilities to reduce complexity in meeting evolving customer expectations and regulatory compliance.??
Modular/microservices architecture via API helps developers to enrich functionalities without downtime. Highly customizable and parameterized attributes to transition from a product-centric to a customer-centric model. Expand personalized offerings without radically increasing the product variants.
Go LIVE in 88 days!??
Unity Bank replaced its core banking system with M2P Fintech's Turing CBS, covering 111 branches serving over 15 lakh customers. The full CBS implementation was finished in 88 days without a single parallel run, setting a first-of-its-kind record, and all branches were migrated to the new CBS on the same day. Unity Bank was awarded the ‘Fastest core banking implementation award’ at Elets BFSI Tech Innovation Awards 2023 for the implementation.?
Insight Corner?
We are glad to bring to fore our core capabilities around proprietary data migration platform that allowed us to complete the migration in record time and in that, the bank has accelerated its go-to- market plans for new and innovative digital banking products. India is leading the world in financial services technology innovation, and this implementation, we believe, is an important inflection point in realizing our technology prowess.?
satish krishnaswamy
Head of Banking Business, M2P Fintech?
That’s it for now. See you again soon with all the need-to-know fintech updates!???
Stay tuned. Stay curious.?
Connect to Reach out upto 3 Crore Customers in a Month. Looking for B2B Connect in Lending and Insurance.
1 年As of November 22, In India there are 1454 Co Operative Bank and 51 Scheduled Co Op Banks lacking on various aspect regards to digital and Tech approach. Ideally these Banks required more support in digitalization, would be right target segment.