Image credit: Finconnecta
When it comes to new solutions aimed at improving access to services from financial institutions, Fintech solutions are the new magical component needed to make it happen. With major financial institutions giving a thumbs up to innovative Fintech solutions and readily integrating them with their systems to aid in improving already existing services, it’s only natural that more and more Fintech solutions will keep coming up. Fintech solutions can create an entirely new approach to a financial institution and how they interact with clients.
One particular innovative Fintech solution aimed at improving access to financial institutions is FINCONECTA, a program that not only enhances the engagement between institutions and customers, but it also blends in bank activities and accelerates processes.
How it works
The program works to integrate various solutions between financial tech companies all over the world, including FinTechs and financial institutions, by use of a single platform known as “Forward.”
The core idea behind the program solution is to increase collaboration and enhance interoperability between players in the new connected ecosystem of solutions and in the process foster the rapid growth of the financial industry globally.
What the solution has in store
Currently, plans are underway to continue the process of connection, acceleration, and fusion of interested FinTechs and financial institutions to increase collaboration aimed at driving the responsible growth of the financial institutions. With the program’s “forward” platform, institutions can interact and get a chance to test out different tech solutions provided by various FinTech companies to help them choose the ones that suit them. The program will also expose FinTechs to a broad pool of financial institutions to pitch their solutions for possible buyers for the solutions. Some of the banks already adopting the program include Banco Delta and the inter-American Development Bank.
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