The banking landscape is changing
Today’s banking consumers are both more generous and more discerning. On the one hand, people are sharing more information about themselves than ever. On the other hand, they expect exceptional service in return.
Customer expectations have expanded to include types of services traditional banks may not be equipped to provide. A new generation of customers expects banks to behave like technology companies, providing ubiquitous access to services, cutting-edge functionality, and a consistent experience across platforms. And a new generation of technology-enabled financial services innovators—known as fintechs—are ready to swoop in and give it to them.
The future of banking will look very different
Fintechs are fundamentally changing the financial services landscape. Financial products and payment options are popping up in a variety of nontraditional places, from large telecommunications and IT companies to social media platforms and small retailers.
Yesterday, you were competing with the bank across the street. Today, you’re competing with Apple, PayPal, and even Amazon, Facebook, and Walmart. Enterprise-wide innovation is required to compete with digital disruptors whose presence is seeping into virtually every corner of the financial services market and into the virtual reality space of the metaverse. And it’s all happening at a breakneck pace.
But if you’re a traditional bank, you may be constrained by legacy investments, applications, and operational models—not to mention multiple compliance requirements. You could benefit from a well-planned modernization framework to guide your transformation from where you are today to where you need to be tomorrow.
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- 55% of millennials are likely to make a purchase directly through a social media platform.
- 36% of all consumers are highly interested in using a digital bank in the next year.
- 73% of Gen Z consumers said they would be willing to make a purchase in the metaverse.
The Crossvale Next-Gen Banking Platform with Red Hat OpenShift
It’s clear that you need a modern toolbox for banking innovation. The Crossvale Next-Gen Banking Platform takes a top-down approach to modernization, using the Crossvale Modernization Framework and Red Hat technologies such as Red Hat® OpenShift® to help you modernize for the digital era.
You don’t have to go it alone
Modernization that creates business value is complex. It requires a modern technology toolbox for innovation along with agility and expertise. But you don’t have to go it alone. The Next-Gen Banking Platform from Crossvale helps you overcome the challenges of acquiring and retaining the next generation of customers. By embracing modern Red Hat technologies to enhance customer experiences, improve operational efficiency, and maintain compliance, Crossvale and Red Hat equip you with the tools, pre-built microservice and consulting you need to succeed in the digital banking era.
Save Years for Coding with Crossvale's OpenShift Operator for Banking
Benefit from readily deployable pre-built microservices that can swiftly modernize both your common banking channels and backends like:
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- TSYS
- BlackKnight
- FIS IBS
- FIS Systematics
- Genesis IVR
- Salesforce
- Hubspot
- Twitter (X)
- FDR.
- ...
with specific functionally for items like: Deposits, Loans, Customers, Consumer, Commercial, TIPS, TISO, Credit Cards, Events, Alerts... These microservices facilitate seamless data transfer from source to destination, not only expediting your digital channels but also preparing your data for utilization in AI/ML applications.
Contact us to schedule a personalized consultation and discover how our Next-Gen Banking Platform empowers your bank to thrive in the evolving banking industry.
