Deloitte Digital will provide its financial services experience along with Finxact’s core banking platform
Finxact and Deloitte launched a platform, providing modern banking experiences to digital customers, with the aim of competing with the leading digital banking representatives.
Companies say the main reason for that is because a lot of banks are not operationally flexible enough to fulfill their basic purposes. It is about the rapid product delivery to the markets, placing them at digital native banks and mobile-only banks that carry out their work unhampered with outdated core systems.
The Deloitte Digital team has spent the past couple of years working with leading fintechs such as Finxact to design and power Deloitte’s DigiBank Platform.
This partnership is expected to give banks the opportunity to modernize their centers, thus increasing efficiency and cutting costs.