Product Sequencer
While traditional core banking solutions are usually built around the concept of product modules, we believe that approach increases costs and restricts development. It is also a fundamentally unnecessary barrier to innovation. All products have the same fundamental DNA; interest earned or paid, fixed terms for lending or savings etc. Why have these features repeated in different sets of code in different product silos?
Our Product Sequencer breaks down the DNA of products so you can combine those building blocks to create products of all types – and even create products not seen before.
Products without limits
We’ve removed the product barriers that limit innovation so you can continue to build and finesse traditional products such as savings, current accounts and lending but also to create the products of the future that will cross product boundaries to meet the ever changing needs of your customers today and in the future.
If you can imagine it, you can build it using SaaScada’s Product Sequencer.
Wallets to meet every need
Our multi-ledger approach makes it simple to build even the most complex products using the Product Sequencer portal to streamline creation of multiple wallets such as foreign currency, rewards, micro-savings wallets. We make it possible for wallets to have their own IBAN and cards. You can also create wallets that share the same IBAN and card.
This functionality supports products designed to meet the needs of modern life and help customers better manage their finances.
Fast-tracked product development
We empower product owners to configure products directly in the Product Sequencer without relying on IT resources. This intuitive portal makes it possible to select and configure features at speed. You can also easily choose which customers can have access, to facilitate soft launch and testing. Of course, if you want to create features nobody has thought of before we are very happy to work with you to make it a reality.
Product maintenance
Time spent on product maintenance such as interest rates changes is rarely best use of anyone’s time, so we’ve automated processes to minimise busy work. We’ve reduced the time taken to reflect base rate changes from days to seconds by enabling you to set automation rules for increases and creating a simple approvals process. You can also give more control to your customers by enabling them to choose their maturity options via your front end to feed directly to the core. No more back office keying of maturity instructions.
De-risking change
There comes a time when legacy technology can no longer meet the demands of modern banking. But migrations tend to be one of the most feared projects for any financial institution and has been the root of many horror stories. Our data flexibility streamlines the process of migrating from a legacy core. We’ve completed successful migrations for customers without the need for big teams or consultants, even where the legacy account structures inconsistent with modern customer-centric banking. Using a two-step process to communicate account details to customers before migrating the account.
Find out how we can help you
Contact us to learn more about how SaaScada’s data-driven Core Banking platform can help you build innovative new products.
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