What is Core Banking:
In the world of finance and banking, technology has transformed the way that people access and manage their money. One of the most significant innovations in this area is the concept of "core banking as a service," which refers to the outsourcing of banking functions to a third-party provider. Core banking as a service enables financial institutions to focus on their core competencies while outsourcing their banking IT infrastructure to a specialised provider.
At the forefront of this trend is UltimaBanq, an all-in-one core banking software that provides a comprehensive suite of tools and functionalities for financial institutions. UltimaBanq's white-label software allows businesses to create their own fintech platforms, offering seamless banking experiences to their customers.
What is UltimaBanq:
UltimaBanq is an all-in-one core banking software that enables you to create your own fintech business and provides you with the necessary tools and functions to succeed. With its user-friendly interface and modern design, you can easily manage and maintain your financial institution and provide a seamless banking experience to your clients.
All-In-One Banking Software:
UltimaBanq contains all banking and payment functions in one single platform, making it easy for business operations and maintenance. With its modular open-core design, you have full control over your bank and can easily modify it to suit your specific needs. The software has built-in KYC/AML management, is EU PSD2 approved, and has automated processing of money transfers. This saves you time and money, and your IT department is not involved in the installation process.
Card Processing, Crypto, and High-Risk:
UltimaBanq allows you to provide card processing services to high-risk merchants like eCasinos and unregulated financial institutions. You and your clients can safely accept card payments from users globally. The software also provides a crypto module, allowing you to provide cryptocurrency services, including crypto wallets, exchanges, and high-risk payments banking.
Multi-Functional Back Office:
The multi-functional back office is easy to learn and use, allowing you to control all the operations of your financial institution. With access to the Back-Office, you can see your clients, their activities, and reports, approve or reject suspicious transactions, and more. The Back-Office API integration allows you to easily implement additional features and add-ons into your banking platform.
In addition to core banking, UltimaBanq provides additional modules for Forex and CFD trading. With its built-in dealing desk and support for fiat and crypto funding, you can provide CFD trading services to your clients with Forex, Commodities, Indices, and other instruments.
UltimaBanq for Individuals and Companies:
UltimaBanq allows you to provide bank accounts to both your business and individual clients as well. UltimaBanq also provides online and mobile banking options for easy and convenient access to account information and transactions.
In conclusion, UltimaBanq is an all-in-one ultimate banking software that offers a wide range of features and functionalities for financial institutions, including eMoney, banking, and crypto. With its white-label core banking software, you can start your own fintech business with IBAN accounts, SEPA & SWIFT transfers, and card processing capabilities. The software is ideal for regulated Electronic Money Institutions (EMI) and Payment Service Providers (PSP) and has been developed using the latest technologies, including built-in security in compliance with EU PSD2 regulation. With its multi-functional back-office and easy-to-use interface, UltimaBanq is a powerful financial engine. So, whether you are starting your own fintech business or want to provide banking services to individuals or companies, UltimaBanq is the ideal solution for you.