Since the meteoric rise of the internet, online-only banks have become a serious alternative for the financial sector to raise liquidity and offer competitive rates.
At the same time, they do not require the same infrastructure investment a physical bank would entail.
As the market for Direct banks is relatively recent, the pace in setting them up is crucial to be one of the first, and in some cases only internet bank on a local market. At the same time, to remain true to its operational model, a direct bank requires a great degree of cost efficiency and process automation. We can become your one stop shop to tackle all these challenges.
Sopra Banking Software’s solutions can help. Not only can you choose which activities you want us to cover, you can also choose how they are run – we can offer the Sopra Banking Suite in a ‘software as a service’ (SaaS) mode, leaving you to pursue your core business while your IT is run by trusted experts.
Together with our proven expertise at mapping out and setting up a core banking infrastructure for direct banks, the Sopra Banking Suite also lets you create new products quickly, turning you into a fast-moving player in your local market. With easy adaptation to local regulation and a low total cost of ownership (TCO), the Sopra Banking Suite has seen widespread adoption by direct banking branches all over the world.
To have more information on our Direct Banking solution, please click here