The BancX Cloud Platform
The BancX platform allows banks, lenders, fintechs, and retailers to re-invent products, processes, and operating models.
From on-boarding to origination and servicing, almost 1000 APIs are available in a single, integrated, cloud-native, transactional, saving, and lending core.
BancX leverages event sourcing & streaming.
Gather and react to today’s large data sources with real-time responses.
Event streaming opens up the opportunity for single events to be responded to by multiple services simultaneously in a non-inline context.
Functions are loosely coupled, parallelised, and can easily connect to independent services in the appropriate way, independent of the initiating event. This allows you to derive meaningful relational insights from the event stream using AI and Machine Learning.
BancX is a single point of integration for multiple service providers.
From on-boarding to origination and servicing, almost 1000 APIs are available in a single, integrated, cloud-native, transactional, saving, and lending core.
The platform offers multiple user interface options from our own UI through to specialist providers of digital front-ends.
Comprehensive Banking Functionality
The BancX platform incorporates customer on-boarding, product origination and management systems for loans, transactional banking (current account) and savings.
Our front-end supports internet banking customer portals, branch internet, mobile, mobile internet, tablet, and agent interfaces.
The microservices architecture provides extensive security and access control with high configurability. The platform provides comprehensive functionality, covering: onboarding and KYC, loan origination (with quote and application functionality), credit assessment, bureau integration, approvals, and quality assurance, document management, notifications, transactional banking, loans, savings, product ledger and house ledger accounting and payments systems integration.
Lending Engine
BancX comes with an out-the-box standard Loan Origination System (LOS) and Loan Management System (LMS).
Alongside a range of preconfigured lending APIs for an immediately usable application. Coupled with an extensible UI layer developed in Angular, a fast-start in the Lending Service is a reality. The UI targets an in-branch model as well as customer self-servicing across loan product origination and servicing.
BancX’s term lending calculator can model a vast array of term lending configurations, ranging from simple microloans to personal loans to mortgages and even to complex structured finance products.
It comes standard with configuration for personal loans and variant capability to the product configuration (fees, interest, revenue allocation models).
Transactional & Savings Banking Engine
BancX comes pre-configured with an out-of-the-box standard transactional and savings front-end for an immediately usable application.
Our savings and transactional accounts API’s provide additional power for flexible configuration.
The Transactional & Savings Banking Engine has an extensible UI layer developed in Angular that allows for a fast-start in Savings and Transactional Services on-boarding, origination, and servicing.
BancX UI Capabilities
BancX supports multiple channels, including back office, tablets and mobile phones, as well as internet. Using Angular with Ionic allows for complete integration of phone and tablet capabilities for both Android and IOS.
Workflow Capabilities
A modern process management engine drives the workflow service.
It supports the trio of Business Process Modelling Notation (BPMN), case model and management notation (CMMN), decision management, and model notation (DMN).
Workflow capability in the platform provides the ability to customise flows for different products, business and operating models to suit the particular needs of customers in differentiating their service offering.
Developers
BancX has an open platform-based approach and architecture.
Via our microservice architecture and API’s bancX opens up access for internal bank teams or developer partners. This provides customers with more banking options and increased revenue by allowing development to occur in an agile, fast, and secure manner.
The true value of BancX lies not simply in its technology and functionality but what its architecture enables.