WOWfinstack provides payment and transactional banking solutions for businesses. Their platform enables companies to manage payments, automate banking processes, and streamline financial operations.
Funding
Funding not disclosed
Founders
Product
Problem
Banks, FinTechs, and SMEs face challenges in developing and deploying comprehensive payment and transactional banking solutions due to the complexity, cost, and compliance requirements of modern financial technology. Building and maintaining these systems in-house can be expensive and time-consuming, diverting resources from core business activities.
Solution
WOWfinstack provides a modular, enterprise-grade technology stack that enables businesses to rapidly deploy payment and transactional banking solutions. The platform offers a range of configurable components, including customer and merchant onboarding, card issuing, merchant acquiring, and payment gateway functionalities, all accessible via comprehensive APIs. By leveraging WOWfinstack's pre-built and PCI DSS certified technology, financial institutions and businesses can reduce development costs, accelerate time to market, and focus on delivering innovative financial services to their customers. The platform supports various payment schemes and integrates with multiple acquirers, providing flexibility and scalability for diverse business needs.
Target Audience
WOWfinstack targets banks, FinTechs, and SMEs seeking to develop and deploy comprehensive payment and transactional banking solutions without the complexity and cost of building in-house systems.
Features
- Modular architecture allowing selection of specific components to meet business requirements
- Comprehensive APIs for seamless integration and customization of workflows
- Customer Onboarding with digital ID verification, eKYC, AML, and fraud monitoring
- Merchant Onboarding with automated risk screening for sanctions, PEPs, AML, and adverse media
- Card Issuing for debit, credit, virtual, and loyalty cards with parameter-driven processing rules
- Merchant Acquiring Solutions with ePOS and QR pay integration
- Payment Gateway supporting multiple payment modes and acquirer integrations
- Host-to-host integration via WOWSWITCH, supporting ISO8583 and NDC+ messages
- API sandbox environment for secure testing before production deployment