FinoliTech

Digital Banking

Our vision is to build a world class cloud native digital banking platform that is human friendly, channel agnostic, modular and cost effective. India is witnessing a dramatic increase in digital transaction volumes with NPCI providing a strong UPI backbone. FinoliTech platform is designed to scale and handle this multi-fold increase in transactions in a cost-effective manner. The Indian Banking Industry entered the digitization era only a few decades ago, and they implemented core banking solutions that have scaled over years to handle the expansion of branch, internet & mobile banking solutions. But are they ready for the Future growth & will they be cost effective?

Digital Banking

Our vision is to build a world class cloud native digital banking platform that is human friendly, channel agnostic, modular and cost effective. India is witnessing a dramatic increase in digital transaction volumes with NPCI providing a strong UPI backbone. FinoliTech platform is designed to scale and handle this multi-fold increase in transactions in a cost-effective manner. The Indian Banking Industry entered the digitization era only a few decades ago, and they implemented core banking solutions that have scaled over years to handle the expansion of branch, internet & mobile banking solutions. But are they ready for the Future growth & will they be cost effective?

Financial Platform

India has an ambitious plan to simplify & securely extend financial services to all sectors. Initiatives that have been promoted over the years – mobile ATM’s, RTGS, 2FA payments, mobile Payments, Rupay, UIDAI etc. These facilities have provided convenience & 24x7 availability of key financial services, quickly spreading its use from Urban to Rural users. To enable the full gamut of financial services and extend it across the country, FinoliTech Platform is designed to provide a unified experience for developers, businesses & customers. Developers can create unique modular functionality, example loans, bill/invoice discounting, equity trading etc. that can leverage any other existing module and provide a cohesive transaction interface for the end user instantaneously. Businesses who have the required Capital can register and offer a bouquet of financial services available on the SAAS platform with fully customized parameters and rules. Customers will be able to compare the terms & cost of service from multiple businesses offering the similar service and pick a provider who best suits their needs & have access to a gamut of services through a single platform.

Financial Platform

India has an ambitious plan to simplify & securely extend financial services to all sectors. Initiatives that have been promoted over the years – mobile ATM’s, RTGS, 2FA payments, mobile Payments, Rupay, UIDAI etc. These facilities have provided convenience & 24x7 availability of key financial services, quickly spreading its use from Urban to Rural users. To enable the full gamut of financial services and extend it across the country, FinoliTech Platform is designed to provide a unified experience for developers, businesses & customers. Developers can create unique modular functionality, example loans, bill/invoice discounting, equity trading etc. that can leverage any other existing module and provide a cohesive transaction interface for the end user instantaneously. Businesses who have the required Capital can register and offer a bouquet of financial services available on the SAAS platform with fully customized parameters and rules. Customers will be able to compare the terms & cost of service from multiple businesses offering the similar service and pick a provider who best suits their needs & have access to a gamut of services through a single platform.

Technology

To build a modular, flexible, extensible, secure, and highly scalable cost-effective platform, you need a clear vision of the architecture and the technology components. Micro-service architecture when implemented properly using proven open-source components can provide high availability, modularity & scalability of the application in a cost-effective way. Using a reactive programming model, the resource utilization of each service can be kept minimal while handling high throughput. Service discovery with a standardised model of API definition will provide a smooth integration of any newly developed functionality. Implementing checks beyond OWASP standards ensures secure access to the available services. Realtime monitoring of key performance parameters & resource utilization with proactive management of production systems ensures high availability. At FinoliTech, with years of experience in building robust systems, we have identified high performing open source components & put together a cohesive architecture to handle each of the critical functional & non-functional requirement.

Technology

To build a modular, flexible, extensible, secure, and highly scalable cost-effective platform, you need a clear vision of the architecture and the technology components. Micro-service architecture when implemented properly using proven open-source components can provide high availability, modularity & scalability of the application in a cost-effective way. Using a reactive programming model, the resource utilization of each service can be kept minimal while handling high throughput. Service discovery with a standardised model of API definition will provide a smooth integration of any newly developed functionality. Implementing checks beyond OWASP standards ensures secure access to the available services. Realtime monitoring of key performance parameters & resource utilization with proactive management of production systems ensures high availability. At FinoliTech, with years of experience in building robust systems, we have identified high performing open source components & put together a cohesive architecture to handle each of the critical functional & non-functional requirement.

Team

Building a world class product requires a world class team. We believe in investing time and effort in training & building every individual’s technical capability. Directors with more than 30+ years of experience in Banking/Financial domain & working with leading banks have created a vision that can be implemented only with the collective contribution of the team. Open work culture encourages collaborative contribution and encourages inputs from every member for continuous improvement of the product.

Team

Building a world class product requires a world class team. We believe in investing time and effort in training & building every individual’s technical capability. Directors with more than 30+ years of experience in Banking/Financial domain & working with leading banks have created a vision that can be implemented only with the collective contribution of the team. Open work culture encourages collaborative contribution and encourages inputs from every member for continuous improvement of the product.

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Cloud Native

An approach that enables us to deliver platforms with greater agility, resilience, and portability across cloud environments and focus on achieving greater flexibility at a reduced cost.

SaaS

Providing a SaaS subscription payment models help companies with smaller budgets spread the total cost of ownership over time, so even small businesses can adopt the FinoliTech Platform.

Microservice Architecture

We leverage the Microservice Architecture for modularized application development which allow developers to quickly build specialized functionality that easily plugs in with other modules.

Multi-modal Application

We aim to deliver a simplified and multi-lingual user experience with mobile and browser support providing our customers with 24/7 access to our financial services and choice of various channels.

Secure

Security is a key focus for FinoliTech to ensure data protection and privacy. We go over and beyond the OWASP standards to provide a trusted platform for our customers.

Reactive

Asynchronous and Event-driven design creates a loosely-coupled yet cohesive architecure that provides real-time responses. At FinoliTech we leverage these approaches for scalability and high availability.