Re-imagining Digital for Small Banks and Lending Institutions

Today, many smaller segments of financial institutions look at digital transformation as an opportunity rather than a need. The acceleration into digital transformation will help enhance their services and meet modern customers demands.

Complexities, Risks and Gaps That Businesses Face in digital Transformation

Complex and non-customized financial products and experiences

Adopting digital at scale

Changing customer profile

Legacy systems

Meeting compliance requirements

Lack of scalable resources

Go Digital, but quicker!

There are no one-size-fits-all solutions;, however, to build an ecosystem for smaller segments of financial institutions, there is a need to create interlocking pieces that can be snapped together quickly.

Aspire Systems’ Bank in a Digital Box (BiDB) solution helps embrace modernization without any disruptions. BiDB follows a Minimum Viable Product (MVP) and add-on approach to accelerate business efficiency, meet compliance needs, and acquire new customers. The solution is based on three major pre-mapped tenets:

Base Core

Configured business functions of all product/customer segment-specific

Point Solutions

Functions to fill the gaps in the base solution and meet the target segment needs

Marketplace Integrations

Ready-made integrations to quickly deploy supplementary banking functions

Cross new banking frontiers with BiDB Avatars

The BiDB solution has different avatars that meet different banking priorities and regulatory compliances. Each comes with its unique ability to meet architecture, integration, customer segment, & product offering demands.

Neo/Challenger Bank Avatar

Gain the millennial banking edge and launch your Neo and Challenger banks in 90 days with the MVP approach. With the ease of onboarding external products and enabling customer growth, harness the cloud for business scalability.

Credit Union Avatar

This avatar allows you to avoid the roadblocks of legacy systems and the need for high technology spending with modernization and digital channels that cater to the growing millennial demographic.

Microlending Avatar

Increase the tap into the unbanked masses, with solutions that improve the ability to scale as well as reduce transaction costs. By enabling agency banking, it offers mobile solutions for various banking activities.

Building Societies Avatar

Create a winning business model that allows building societies to stay competitive and makes banking accessible. Powered by digital technologies, drive growth to provide secure services and more.

What Sets BiDB apart?

Blazing-fast launch time

Use the bootstrapped base version for quick go to market along with pre-configured implementation frameworks that can be deployed on-prem or cloud

Customizable & flexible

Align MVP/add-on features with business goals and get flexible and disruption-free integration options

Higher customer acquisition rate

Modernize customer-facing layers to attract and retain customers through smart up/cross-selling campaigns

Lowered expansion costs

Enter new markets and launch new products at reduced entry/operating costs with the ability to increase operational speed, scalability, and resilience