For players in the financial world, we have combined high-tech with maximum security. The result: "Plug & Bank".
The banking industry has undergone a profound transformation as a result of digitalisation over the last few decades. From traditional banking to the development of banking-as-a-service (BaaS) and platform-as-a-service (PaaS), financial institutions have been adapting to the evolving needs of modern consumers. We introduce Plug & Bank as a solution for financial players seeking a seamless banking experience by combining advanced technology with robust security measures.
How has banking evolved over the years?
The evolution of banking technology has progressed through distinct phases. Initially, during the 1960s to 1980s, banks pursued individual development by building their own core banking systems for transaction processing. In the 1980s, standard software systems emerged, albeit with limited expandability due to silo structures. However, in the 1990s, banks shifted their focus towards open, flexible, and customer-centric core banking systems.
The turn of the millennium brought about the era of Software-as-a-Service (SaaS) in banking driven by the internet and digitalisation. Spanning from 2000 to 2020, this phase enabled banks to offer competitive financial services, rapidly develop new products, and do so in a cost-effective manner.
Leaping into the future of finance with Plug & Bank
We are now on the verge of a new era which sees banks adopting BaaS and PaaS to meet consumer demand. We have developed Plug & Bank as a comprehensive BaaS solution, enabling financial service providers to offer both banking services and help other companies embed banking services into their products and services.
We would be happy to show you in a personal conversation how you can scale your core business with Plug & Bank. We look forward to hearing from you.
