Challenge: As competition increases, banks and financial services providers spend millions of dollars each year searching for ways to enhance their value to customers and create personalized experiences. The growth of e-Commerce and mobile commerce, new electronic payment methods, third-party innovators and product acquisitions each drive the opportunity for new lines of development. However, organizations may be faced with multiple barriers to innovation and adoption. Highly customized systems are slow to configure and difficult to integrate with newer software, with development measured in years rather than months. Incomplete documentation and inconsistent adoption of new releases over time may make any modifications to core systems potentially risky and expensive. Internal resources are often stretched to simply maintain existing environments and may lack the knowledge and skills required for enhancements. Third-party products may have issues around scalability, flexibility and security, potentially obsolete before even coming online.
Why CeleritiFinTech: The Hogan Banking and CAMS II Card & Merchant Systems are the functional and technological foundation for many financial services organizations, with a successful track record dating back decades. As the ‘owners’ of these systems, no one brings a deeper knowledge of their capabilities and development potential than CeleritiFinTech. The additional banking, payments and lending solutions we developed are designed to integrate smoothly into these core systems, with the scalability, security and flexibility demanded by the largest banks in the world. We vet third-party providers using the same criteria, and design customized roadmaps that speed implementation while minimizing risk.
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