Our Technology
Supporting banks and financial institutions on their digital transformation with next-generation FinTech platforms.
Enabling the Digital Transformation of Banks Worldwide
The banking sector’s 20-year digital transformation journey has been significantly influenced by the internet and mobile revolutions. However, this now demands a critical shift towards innovating core banking platforms to resolve the fundamental issues that persist within core systems. It’s been nearly a generation since the 1990s, a period marked by substantial transformations in enterprise computing technology, yet the core systems of many banks have remained largely unchanged.
The crux of the issue lies in the inherent nature of these systems: they are too complex, monolithic and rigid, making it impossible for banks and financial institutions to adapt to changing industry requirements, meet customer demands, and respond to the market faster. Furthermore, these outdated systems are fraught with high operating costs and operational risks because they were not engineered to conform to meet today’s stringent regulatory standards.
As we look ahead, the next decade is poised to witness a monumental transition, with the computing infrastructure of banks and financial institutions increasingly moving to the cloud.
The crux of the issue lies in the inherent nature of these systems: they are too complex, monolithic and rigid, making it impossible for banks and financial institutions to adapt to changing industry requirements, meet customer demands, and respond to the market faster. Furthermore, these outdated systems are fraught with high operating costs and operational risks because they were not engineered to conform to meet today’s stringent regulatory standards.
As we look ahead, the next decade is poised to witness a monumental transition, with the computing infrastructure of banks and financial institutions increasingly moving to the cloud.
The Bankware Technology
Bankware enables banks and financial institutions to embark on a more seamless digital transformation journey by providing them with the next-generation core banking systems that are designed for maximum agility, scalability, and modularity.
The core banking system manages the essential operations of banking, including the creation, processing, and management of data related to products like loans, deposits, and foreign exchange transactions for customers. Financial institutions rely on this system to efficiently sell and provide services to their clients.
The core banking system manages the essential operations of banking, including the creation, processing, and management of data related to products like loans, deposits, and foreign exchange transactions for customers. Financial institutions rely on this system to efficiently sell and provide services to their clients.
Bankware Core Technologies
High-volume Financial Transaction Processing and Interface Technology
Caters to both on-premises and cloud environments, facilitating the operation of highly complex enterprise applications. This technology enables the efficient deployment of large-scale financial transactions and supports both internal and external interfaces without errors. It provides robust development environments, ensuring the efficient creation and maintenance of large enterprise applications while adhering to enterprise standards.
Hyper-Personalized Financial Instruments Engineering Technology
Utilizes detailed attribute information to design various financial products such as banks, cards, and funds, and manage product information independently of the transaction system to achieve rapid product launch and product management.
Generation and Processing Technology for General Purpose Ledger
Developing and processing financial business components that facilitate the swift and easy creation of new financial services by combining common software components related to various financial aspects like customers, goods, arrangements, and payments.
The Core Banking Package
Bankware’s CBP (Core Banking Package) was developed based on the three core technologies.
It covers all the technical requirements of the next-generation core banking system.
Designed with a microservice architecture, the CBP takes into consideration the unique aspects of financial instrument trading and the complexity of applications. This approach significantly boosts development productivity and operational performance. Furthermore, the package leverages cutting-edge, highly distributed database technologies in the cloud, enabling virtually limitless performance enhancements.
It covers all the technical requirements of the next-generation core banking system.
Designed with a microservice architecture, the CBP takes into consideration the unique aspects of financial instrument trading and the complexity of applications. This approach significantly boosts development productivity and operational performance. Furthermore, the package leverages cutting-edge, highly distributed database technologies in the cloud, enabling virtually limitless performance enhancements.
Experience the Future of Digital Banking with BADA
BADA is a subscription-based Core-banking Software as a Service (SaaS) tailored specifically for financial institutions in Asia. Engineered with a versatile multi-tenancy architecture, it offers a significant reduction in the total cost of ownership for clients, minimizing expenses by up to 60%.
Expand Your Product Portfolio with BX Product Factory
BX Product Factory offers a unified and standardized system for managing the lifecycle of product information. Its adaptable framework facilitates the growth of your product portfolio and the development of new digital offerings.
Adopted by Leading Digital Banks in Asia
Bankware's core banking solution is trusted by digital banks in Asia to achieve rapid modernization and address the challenges that come with digital transformation.
Find Out How Customers are Leveraging Bankware’s Core Banking Platform
BADA: SaaS Banking Solution for Southeast Asia
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Product Development Reduced from Two Months to Just Two Days
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Japanese Credit Card Market Potential
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Cloud-based Banking Services in the Philippines
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50% Growth in Auto Finance Assets with Introduction of BX AFS
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LINE Bank – Taiwan’s 1st Internet Bank Implementation of Core Banking System
Discover the implementation of Bankware's core banking system at LINE Bank, Taiwan's first internet-only bank....
K Bank – Korea’s 1st Internet-only Bank Implementation of Core Banking System
Explore how K-Bank successfully implemented Bankware's core banking system as Korea’s first internet-only bank....