Core Banking
Seeking cost-effective ways to operate your financial institution more efficiently or start your banking business from scratch with a customizable progressive system? With us, your desirable fully-branded banking solution will be launched in less than a week.
Fast and agile Core banking solution for your future bank
In the ever-changing banking ecosystem, delivering a unique banking experience that offers customers great convenience and also guarantees safety is an absolute necessity. Crassula's bouquet of services aligned to core banking is developed to do just that.
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Access banking through multiple channels
Manage all aspects of interaction with your customers across all the integrated channels in a matter of seconds, not hours.
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Offer a wide array of products and services
Quickly adapt to new market patterns and deliver top-notch financial services that the customers will choose once and for life.
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Open new revenue opportunities
Cut down on the infrastructural and operational costs and wisely invest the money into your business.
Let's discuss your project and see how we can launch your digital banking product together
Request demoWide banking functionality
We've built a modern cloud-based core banking technology encompassing extended functional coverage that helps banks scale new heights, augment efficiency, deliver flexible customer experience, and gain customer loyalty.
Multi-currency accounts
Multi-currency accounts are becoming more popular among start-up owners and merchants. It's much faster and less cumbersome than setting up an international bank account that requires a pile of different to be prepared and approved.
Many businesses opt to use multi-currency accounts because they can offer numerous services and accept major global currencies in a single account.
Virtual IBAN integration
Virtual IBANs are praised by our customers as it unlocks cross-border payments. Anyone can use it to send and receive payments from customers and clients in multiple jurisdictions.
There's no need for a physical presence all around the globe. You can efficiently grow your business and offer a local banking experience remotely, regardless of where you are based in the world.
International transfers
Sending money abroad is easy, transparent, and reliable — no hidden fees, no hassle, and no long processing time. With Crassula, your customers will be able to facilitate international payments.
They will choose from a vast selection of currencies and make international transfers at the real market exchange rate in just a few clicks at the comfort of your app.
Instant SEPA & SEPA credit transfers
The international payments process is simplified thanks to SEPA. The SEPA Credit Transfer is a euro transaction where both the sender and receiver are registered with banks located in the SEPA area.
Instant SEPA is a payment scheme in euro following the same principle that is executed in a matter of seconds.
Currency exchange
The currency exchange functionality provides an automated currency conversion service via API. You can add one more mean of payment for your customers and diversify your portfolio.
Your customers can make currency exchange transactions and easily switch currencies in your branded web banking or mobile banking apps. Crassula's currency exchange providers and integrations will ensure the best rates and liquidity.
Card issuing
Payment cards are a keystone to a successful customer's financial experience, which is why more and more businesses, financial institutions, and fintechs are considering issuing their own.
Crassula can provide your clients with the opportunity to spend their money and make purchases with fully branded physical or virtual payment cards.
Redefine the beauty of core banking
Complete product
Get a ready-to-launch solution with beautiful web UI, iOS, Android mobile apps, administrative panels, APIs, and much more.
Speed
Launch your core banking within 5 business days! Adding new functionalities to a new acquiring bank will take a few more weeks.
Compliance
Enable secure and compliant operations such as AML, KYC, and digital to meet all requirements set by regulators.
Flexibility
Customize your solution to support your USPs and specific business needs in a function-rich yet simple way with agile banking products.
Cloud Solution
Focus on your business while we take care of technology – a simple, flexible, and lightweight solution running in a cloud.
Cost-efficiency
Open your own bank on a limited budget. We offer a while-labeled product for the price of hiring a software developer.
Core Banking platform powered with unique technology for businesses of all types
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Banks
Modernize the existing core banking legacy infrastructure and implement the latest technological products.
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FinTech Startups
Empower your financial technology start-up with ready-to-launch Core Banking Software instead of building fintech tools from the ground up.
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FinTech Companies
Open a new revenue stream for your FinTech business by adopting digital wallet products that can address the needs of your customers.
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Holding Structures
Build a cash flow management system for your business or group, launching your private Banking solution.
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Resellers
Embrace the industry transformation and strengthen your positions within the value chain by expanding the FinTech product line.
FAQ
IT core banking systems can be classified into 3 main model types based on the hosting they use:
- On-premise: In this model type, the core banking system is installed and hosted within the company's own infrastructure, such as data center or servers, providing complete control and customization.
- Cloud-native SaaS: It is when the core banking system is launched and accessed entirely through the private or public cloud.
- SaaS product: In this model type, no prior knowledge in tech is required, as the core banking system is fully managed by a third-party vendor, with the company only needing to pay for the usage and maintenance of the core banking software.
The main components of Core Banking System (CBS) include:
- Database Management System (DBMS)
- Middleware Software
- User Interface (UI)
- Application Programming Interface (API)
- Security Architecture
- Reporting and Analytics
- Audit and Compliance
Digital Banking is the automation of traditional banking branch network services with the help of digital technology. Digital Banking services include online banking, mobile banking, and other digital channels that allow a bank’s customer to access their accounts and perform transactions remotely.
By sharp contrast, Core Banking is the backbone of banking technology designed to help banks manage their daily operations such as account management, deposits, loans management, payment processing, customer relationship management, and accounting.
On the horizon, core banking awaits a significant transformation as companies are likely to refuse from demanding on-premise and cloud-based systems and switch to Software-as-a-Service (SaaS) models instead.
This shift is expected to offer the potential to improve financial institutions, namely their efficiency, flexibility, and agility.
