Oobla develops software solutions for the banking industry, providing tools for tasks such as fraud detection, risk management, and customer relationship management. Their applications aim to improve efficiency and security for financial institutions.
Funding
Funding not disclosed
Founders
Product
Problem
Many financial institutions struggle with outdated core banking systems that lack the flexibility and real-time capabilities required to meet modern customer expectations and adapt to rapidly changing market conditions. These legacy systems often rely on batch processing, making it difficult to offer personalized services and integrate with modern fintech solutions. This can lead to inefficiencies, increased operational costs, and a diminished customer experience.
Solution
Oobla offers Tyche, a core banking application designed to provide financial institutions with a nimble, efficient, and powerful platform for building and managing financial products. Tyche's architecture prioritizes configurability, allowing clients to quickly launch and personalize financial offerings. The platform's API-first design enables seamless integration with existing and planned fintech solutions, while its real-time processing eliminates the delays associated with traditional batch systems. Tyche's always-available ledger streams rich data via APIs, providing institutions with the insights needed to optimize their operations and enhance the customer experience.
Target Audience
Oobla's primary customers are banks and other financial institutions looking to modernize their core banking infrastructure and improve their ability to deliver innovative financial products and services.
Features
- Highly configurable platform for building, launching, and managing financial products
- Single platform with unparalleled product configurability and personalization
- Synchronous and asynchronous APIs for seamless integration with existing fintech solutions
- Real-time operation with no batch processing
- Always-available ledger streaming rich data via APIs