The pace, scale and impact of disruption continues to multiply in the financial services industry…
and it’s impacting the industry from all angles:
The Key Features & Benefits of EPAM’s Model Bank Accelerator
CATEGORY
Infographic, Financial Services, CX+, Cloud, Strategy, Engineering
Dennis Joosten
Head of Banking Practice, EMEA
Chris Tapley
Head of Financial Services Practice, NA
DATE
Sep 30, 2024
By evolving customer expectations
By new regulations coming to the market
By emerging technologies like GenAI
By shifting market conditions
By new competition in the form of big-platform technology companies
To remain agile and competitive, banks need to adopt new operating models, architectures and service offerings.
The Solution? Moving to a model where your business can efficiently and effectively adapt to the confluence of disruptive change taking place in the industry.
Our Model Bank accelerator is designed to help you do just that.
EPAM’s Model Bank Accelerator at a Glance
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State-of-the-art accelerator for digital banking transformation
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Combined retail and investment experiences
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Innovative journeys designed for personalized customer engagement
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Composable, API-based architecture for seamless integration and scalability
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Capabilities that allow for rapid experimentation
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Feature-rich mobile app offering secure, 24/7 access to banking services
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Core banking implementation leveraging platforms and technology from our key strategic partners
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Cloud-agnostic, cloud-native architecture for enhanced flexibility
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50+ partners allowing you to leverage best-in-breed solutions at your fingertips
What’s in it for You?
EPAM’s composable banking solution combines control and convenience with innovation to eliminate the complexity of managing and integrating a banking ecosystem – bolstered by 50+ partners.
Built upon the principles of composable banking, our accelerator enables financial institutions to assemble an optimal architecture tailored to their specific needs. Whether initiating a greenfield project or migrating existing systems in incremental steps, our solution allows you to integrate unique tools and modules into flexible, scalable core banking platforms.
The Benefits of EPAM’s Model Bank:
Control & Convenience
Control & Convenience:
Maintain control over the composition of your architecture while enjoying the convenience of a managed solution. We provide a single point of contact, ensuring seamless communication and support.
Flexibility
Flexibility:
Compose the best possible architecture to fit your bank's specific needs. Choose from a wide range of modules in the FinTech ecosystem, whether starting from scratch or migrating existing systems.
Innovation
Innovation:
Harness the power of EPAM's Model Bank to drive innovation, leveraging best practices that cater to the ever-evolving needs of the digital banking landscape.
Speed & Agility
Speed & Agility:
Reduce time-to-market by leveraging our architecture blueprints and pre-integrated third-party modules.
Key Features
Leveraging capabilities of our Model Bank accelerator, banks can quickly develop offerings that allow for:
The Bottom Line
Today’s customers are increasingly choosing banks with strong digital services, and that appetite is only expected to grow in the years ahead.
As our latest Consumer Banking Research shows, banking customers around the globe have a clear vision for the types of products and services they expect their bank to offer – and they’re all too willing to make a move to a competitor if their current bank doesn’t meet those expectations.
Discover how EPAM’s Model Bank accelerator can enable the agility and innovation necessary to keep pace with today’s rapidly evolving retail banking environment.
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