Monument Technology provides a pre-integrated, end-to-end Banking-Platform-as-a-Service (BPaaS) solution for financial institutions. This platform includes digital channels, core banking, and servicing capabilities managed under a single contract. The service accelerates digital transformation by delivering cutting-edge, orchestrated banking technology with simplified procurement and maintenance.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face significant challenges in modernizing their core banking systems, often requiring complex, lengthy, and costly integration projects with multiple third-party vendors. This complexity hinders the delivery of contemporary digital customer experiences and efficient operational servicing.
Solution
Monument Technology offers a pre-integrated, end-to-end Banking-Platform-as-a-Service (BPaaS) solution designed to streamline digital transformation for financial institutions. This BPaaS model consolidates all necessary third-party licenses, feature delivery, and platform maintenance under a single contract, simplifying procurement and integration. The platform enables rapid deployment of cutting-edge banking technology, facilitating the creation of digital-first customer experiences and enhancing operational efficiency through a unified servicing layer. Monument's approach reduces implementation time and costs, allowing institutions to scale their operations and deliver modern financial services more effectively.
Target Audience
The primary target audience includes financial institutions, such as banks and credit unions, seeking to accelerate their digital transformation initiatives and modernize their core banking infrastructure.
Features
- Pre-integrated, end-to-end Banking-Platform-as-a-Service (BPaaS) architecture
- Unified contract for all third-party licenses, feature delivery, and platform maintenance
- Native mobile and web channels for class-leading digital-first customer experiences
- Integrated servicing platform built on Salesforce, providing a 360-degree customer view
- Intelligent orchestration layer for advanced business logic and component management
- Single provider for multiple market-leading solutions, including Mambu and Salesforce
- Reduced time-to-market for greenfield propositions (as little as 6 months) and full transformations (as little as 9 months)
- Customer-driven roadmap ensuring continuous feature development based on market demands and technological trends