This fintech startup provides a cloud-based platform that facilitates digital onboarding, QR transactions, and identity validation for financial institutions. By enhancing mobile banking capabilities and implementing real-time fraud prevention measures, it improves customer engagement and operational efficiency for over 1.5 million users across 100 entities.
Funding
$20M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many financial institutions, especially smaller ones, struggle to offer modern digital banking experiences due to the complexity and cost of integrating various point solutions. This can lead to reduced customer engagement, operational inefficiencies, and difficulty competing with larger, more technologically advanced institutions.
Solution
Bankingly provides a cloud-based digital banking platform designed to enable financial institutions to offer a comprehensive suite of services, including digital onboarding, QR code transactions, and identity validation. The platform streamlines customer interactions and enhances mobile banking capabilities through features like conversational banking and online loan applications. By offering a unified platform, Bankingly helps institutions improve customer satisfaction, reduce fraud risk through real-time biometric and user scoring, and create cross-selling opportunities.
Target Audience
Bankingly primarily targets microfinance institutions, credit unions, and community banks in emerging markets seeking to modernize their digital offerings and better serve their customers.
Features
- Digital onboarding with biometric verification for secure and efficient customer enrollment
- QR code transaction processing to facilitate mobile payments and transfers
- Identity validation services to ensure secure transactions and compliance
- Conversational banking features to improve customer engagement through personalized, real-time communication
- Online loan application processing to streamline lending operations
- Fraud prevention tools with real-time risk assessment using biometrics, user scoring, and customizable workflows
- Customizable internet banking application with innovative features
- Integration capabilities for seamless connectivity with existing core banking systems
- Administrative portal for configuration and management of the digital banking experience