digitify Services | Digital Banking
“The number of Neobank users will grow from 210m in 2022 to 351m in 2026, whilst the transaction value in this segment is projected to reach US$4.02tn in 2022”. (Source: Statista)
The digital transformation effecting banking has gone from traditional institutions offering limited online banking services to the vast generation of digital-only banks, (aka Neobanks, online bank, Banking-as-a-Service, virtual bank, challenger bank or digital bank).
These allow users to not only carry out essential tasks e.g., paying bills, account deposits and transfers remotely, but they also provide them with access to other services such as apply for loans, credit cards, wealth management services and other digital banking products.
With the advent of Open Banking, this has created an avalanche of opportunities for tech-savvy companies to address the needs of similarly tech-hungry users; putting (all) the services of a traditional bank in the palm of their hands via mobile applications.
The UK has already passed open banking regulation, and countries around the world will soon follow suit. The more innovative companies and 3rd party service providers are already taking advantage of this technology, and other incumbent, traditional players are hurrying to adopt more digital services and offerings to stay competitive in the industry, or risk getting left behind.
digitify helps you stay one-step ahead.
We help to transform your ideas and visions for banking technology solutions into a market-ready product. We can help if you’re looking to:
Essential Partner Ecosystem
Since 2016, digitify has been establishing strong, directly relationships with the essential partners you would need to launch any financial product or services.
We have worked closely with regulatory bodies, like the FCA to guide our clients through the vigorous process in acquiring the correct licence for operation e.g. API or EMI.
We then create an ecosystem for each client of the relevant partners they need to deliver their applications, including:
We combine our vast FinTech experience, the latest in development methods and tech stacks, with our technical expertise in banking technology to help you innovate with energy and urgency.
Leading Fintech innovators turn to our veteran development team to design, develop and deploy comprehensive, customised solution to attain healthy growth for their business, while controlling spending, schedules and risk.