Launch your neobank or digital retail bank fast and seamlessly
Accelerate the launch of your neobanking or consumer banking product with our efficient solution, enabling quicker time-to-market and resource savings for your development team. Our goal is to assist you in launching swiftly and cost-effectively. Benefit from a comprehensive feature set along with seamless integrations for KYC, card issuing, payment gateway, and currency exchange providers right from the start. Just provide us with your product requirements, and we will handle the rest.
Build the retail bank your customers will stay with
Cloud Pay Fin Tech Platform provides the essential functionalities required to ensure the prosperity of your neobank and establish it as the central hub for all your clients’ banking requirements, owing to its customerfocused strategy
Accounts in ANY currency
Allow your customers to store their funds in the currencies they prefer. Set up an unlimited number of currencies on the platform, ranging from fiat to various other types of assets.
Currency exchange
Customers are able to utilize any currency of their choice, with automated currency exchange available for transactions that involve multiple currencies.
Expense visualization
Organize your users’ expenditures into categories and display them visually through charts and diagrams. Additionally, provide a map showcasing the geographical distribution of transactions based on their respective locations.
Visa/MasterCard issuing
Provide a comprehensive range of cardholder services by issuing Visa/MasterCard cards that are connected to the customer’s account (vendor integration is necessary).
Popular payments
Enable utility bill and internet payment integration with local vendors, as well as facilitate cell phone top-ups and payments for other commonly used services (provider integration required).
P2P money transfers
Facilitate fast money transfers to the system’s users’ friends and family, allowing them to save time and conveniently split expenses.
Deeper overview of retail banking software features
Cloud Pay Fin Tech Platform offers a solid base to incorporate several essential features into your cuttingedge neo banking solution.
Customer onboarding
Our retail banking software solution offers a seamless integration of the KYC tool through its API, enabling a completely remote account creation process and data collection.
Customer support
We offer essential features to facilitate communication with your bank customers regarding their inquiries. Additionally, our platform provides limitless integration options for those seeking a more advanced and efficient solution.
Payment templates
Keeping track of payment details for the client’s recurring purchases.
Reconciliation and settlement
Automated reconciliations are performed on a regular basis, allowing for swift identification of data discrepancies and easy management of exceptions.
Contracts and vendors
Develop customer agreements with various commission structures and restrictions. Allow clients to select their desired contract option
Roles & permissions management
Manage team access to the back-office by customizing the pre-configured roles’ permissions or creating new ones.
Design your retail banking solution with productivity in mind
Utilize customizable transaction fees and limits to optimize revenue streams from different customer segments while maintaining a balance between value delivery and business growth.
Example scenario: – Transactions under $1,000: 2% fee – Transactions between $1,000 and $2,000: 2% fee plus $5 – Transactions exceeding $2,000: 3% fee or a flat fee of $55+ By implementing pre-set limits tailored to specific operations and timeframes, you can guarantee a pricing structure that benefits both customers and your business.
Manage and oversee newly established agreements and suppliers. Attract and retain a loyal customer base through personalized communication. Expand your clientele by creating attractive pricing plans tailored to specific target groups, and capitalize on additional revenue streams and increased customer lifetime value.
Use case example For example, let’s consider a scenario where you leverage our platform’s features to maximize revenue through custom contracts: Instead of a 2% regular money transfer fee that makes $20 per $1000 transfer, you can offer them a $5-worth monthly subscription for transfers up to $1,000 total. So, your customers will benefit from a 75% ($15) discount from the regular P2P transfer fee ($20 per month), which will motivate them to choose your neobank. Meanwhile, you will benefit from generating revenue from other financial transactions performed by these newly acquired users in your bank.
Out-of-the-box integrations
Cloud Pay Fin Tech neobank software has been created to optimize your financial processes through smooth integrations. Our Platform offers a variety of pre-integrated vendors, guaranteeing a convenient experience for accepting payments, issuing cards, and complying with KYC regulations.
Future-proof your digital retail bank
Accelerate time-to-market
Cloud Pay Fin Tech provides a fast-track development solution for your retail banking software, allowing you to quickly launch your banking business. Accelerate the establishment of your digital-only bank and transition from development to customer acquisition and revenue generation in no time.
Cloud-based software by subscription
Choose the cloud-based software by monthly subscription for an affordable start. A cloud-hosted backend app with APIs is maintained by our team, and a database is run by yours. With an isolated infrastructure on AWS, your payment app benefits from heightened security and scalability. In addition to regular software updates, Cloud Pay Fin Tech empowers you to develop and maintain innovative payment applications that excel in today’s rapidly changing landscape.
Neobank software development approach
We provide comprehensive assistance throughout the entire process of bringing your idea to life, starting from the initial concept to the final execution of your FinTech product.
- Streamlined product launch.
- Ready-to-use FinTech Platform.
- Proficient team without the hassle of recruitment.
- Preserved internal team’s resources.
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