Powering Seamless Banking – Scalable, Secure, and Future-Ready
Open Wallet
Overview
Our core banking application is a robust, real-time platform designed to streamline banking operations, enhance customer experience, and ensure regulatory compliance. It features a powerful GL Module, seamless Transaction Processing, a secure API Gateway, automated Reconciliation, and efficient Settlement capabilities. With omnichannel support and scalability, it empowers banks and financial institutions to offer modern, digital-first banking services.
Top Aspects That Set Us Apart
- Manages financial accounting with automated ledger postings and real-time balance tracking.
- Processes payments, transfers, and financial transactions with high accuracy and speed.
- Enables seamless integration with third-party services for extended banking functionalities.
- Automates matching of transactions to ensure accuracy and compliance.
- Handles clearing and finalization of transactions between banks and financial institutions.
Key Benefits
Revolutionize your experience with valuable Benefits
Key Features Overview
How Can We Help You?
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What is a Core Banking Application?
A core banking application is a centralized system that manages banking operations, including accounts, transactions, and financial services in real-time.
How does the GL Module work in a core banking system?
The GL (General Ledger) Module records all financial transactions, automates postings, and ensures accurate financial reporting.
What is the role of the API Gateway in a core banking system?
The API Gateway facilitates secure integration with third-party applications, enabling services like mobile banking, fintech partnerships, and real-time data exchange.
What is the purpose of reconciliation in banking?
Reconciliation ensures that transactions across different accounts, systems, and financial institutions match, reducing errors and financial discrepancies.
How does settlement work in a core banking system?
Settlement finalizes financial transactions by ensuring funds are correctly transferred and recorded between banks or financial networks.
Can the system support multiple currencies and regulatory frameworks?
No, the open wallet does not currently support multiple currencies.