With deep expertise in modern banking solutions, Opus orchestrates the transformation of the banking technology stack to adapt to dynamic market demands and offer innovative products and services to stay competitive. We provide consulting and solutioning for the CORE Banking to elevate customer experience and to enhance service deliverability.
Key Challenges Faced by Banks and FinTechs in Executing CORE Banking Transformation
Complex, costly, and time-consuming upgrades from legacy system
Difficulty in managing tightly coupled external systems, such as the bank's CRM, risk management, upstream and downstream channels
Ineffective technical proficiency and business acumen lead to inconsistent business operations and a lack of progressive strategies
Challenges in identifying the exact business and technical needs to choose the most compatible CORE solution
Cloud-incompatible traditional banking solutions add to complexity, delays, and cost overruns
Need for localization and customization of legacy systems to adhere to regional, national, and global compliances
With the evolution of the digital banking ecosystem, traditional banks must offer modern banking services in real-time. Opus offers the right core banking solution and enables real time services for banking operations such as, such as offering and serving loans and deposits, calculating interests, processing deposits and withdrawals with cloud-based CORE banking solutions. Our strategic technology stack integration methodologies include implementing MoSCoW principles for requirements, simplifying implementations, and expediting decision-making with cost-effective custom and CORE banking solution technology. Opus supports business growth while minimizing downtime for smooth technology transition and integration.
Our CORE Banking Services Include
Empowering banks to harness the potential of CORE banking solutions and expand their customer base through enhanced services and experiences
Ensuring friction-free migration with expert-designed strategies, utilities, and accelerators to streamline and expedite the process
Enhancing efficiency, reliability, and overall performance with a comprehensive approach to managing operations across integrated subsystems
Using advanced tools and cloud enhancements to effectively revitalize the CORE system
Accelerating time-to-market by leveraging microservices based architecture, latest tech stack and scaling capabilities to roll out tailored products and offerings
Optimizing interoperability and connectivity to external tech stacks of partners across the banking ecosystem
Opus Delivers Improved Business Value through CORE Banking Solutions
Fosters business growth by elevating customer experience to enhance acquisition and retention
Minimizes downtimes and operational interruptions to maintain business continuity throughout migration and growth initiatives
Facilitates efficient handling of complex and extensive systems with superior managed services
Identifies areas of improvement for continued modernization with strategic decision-making
Ensures cost-effective CORE revitalization by monitoring markets and technology advances to keep the business competitive cost-effectively
Simplifies the decision-making process by prioritizing growth initiatives and enables effective resource utilization
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Centralized Online Real-time Exchange (CORE) banking systems connect nationwide branches of a bank to facilitate real-time operations. These systems enable loan management, withdrawals, deposits, payments, and customer relationship management seamlessly irrespective of the customer’s location.
CORE banking provides additional flexibility for all customers to invariably access all banking services from anywhere. While traditional banking treats commercial and retail customers distinctively, all CORE banking customers enjoy similar flexibility.
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