Digital Retail Banking Software For Your Neobank
SDK.finance develops core banking software for neobanks. Find out how our solution may shape your outstanding banking product.Contact us
Future-proof digital retail bank platform
SDK.finance retail banking solution offers a development cycle shortcut, putting you right on the doorstep of your neobank product launch. Get your digital-only bank on the rails ASAP and turn the first several years of development into the first years of growing your customer base and revenue.
Independence from the vendor
The digital consumer banking solution from SDK.finance comes with the source code license. The databases, infrastructure, and the whole system are in your hands. Source code modifications, integrations, feature development can be handled by your team, at your own pace, as per your product roadmap. You own it – you rule it.
Learn more about the source code purchase and knowledge transfer here.
Performance without compromise
Base your neobank on a reliable banking platform designed by a team with 15+ years of experience in building payment products. The latest – 5th version is the essence of our knowledge and expertise, accumulated through hundreds of millions of transactions, and years of banking software development. SDK.finance retail banking platform is a powerful system able to handle the influx of users and transactions, serving as a solid foundation for any features you decide to build on top of it.
Learn more about the technology here.
Unlock the power of Data Science and ML
The data warehouse infrastructure gives you the advantage of analyzing your customers’ behaviour holistically right within your dashboard. Get answers to complex questions, actionable insights, and grow your neobanking product revenue. Use ML-powered services for anomaly detection, fraud prevention, business forecasting. Build them on top of the data warehouse on your own, or use a cloud version of banking BI by SDK.finance.
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Online retail banking platform designed with productivity in mind
Ensure team efficiency
SDK.finance neobanking software back-office caters for team agility. It features an uncluttered UI, a convenient dashboard with analytics data on all business areas, system management, and the capability to automate certain tasks (e.g. reconciliations).
This enables every team member to shift their focus from routine operations to important business or customer service tasks, boosting their efficiency. This will reflect on the overall client satisfaction and your revenue growth.
Understand & retain your customers
Our retail banking architecture allows collecting exhaustive info about the users’ activity within the system, which helps improve the customer service. Paired with the built-in analytics, it allows to promptly satisfy the customers’ needs, driving increased loyalty and gross profit.
Maximize your revenue
Use flexible transaction fees and limits configuration to monetize each customer segment and reach the balance between providing value and growing your business profit.
Use case example
Here’s how you can leverage custom fees and limits for money transfers to increase your gross profit:
For transfers up to $1,000, you can set a 2% fee
For sums in the $1,000 – $2,000 range, you can offer a 2%+$5 fee.
For larger sums, a fee can make 3% from the transaction amount or a flat fee of $55+.
In this case, you can use pre-configured limits based on the type of operation and period, to ensure that the pricing plan is beneficial not only for the end-users, but also for your business.
Acquire new customers
Attract and retain customers via personalized pricing plans. Acquire new client segments by setting up appealing tariffs for the target audience, and profit from other operations’ fees plus an increased LTV.
Use case example
Here’s how you can use a custom pricing plan to attract new customers to your neobank – immigrants who send an average of $1,000 per month to their families:
Instead of a 2% regular money transfer fee that makes $20 per $1000 transfer,
you can offer them a $5-worth monthly subscription for transfers up to $1,000 total.
So, your customers will benefit from a 75% ($15) discount from the regular P2P transfer fee ($20 per month), which will motivate them to choose your neobank.
You benefit from monetizing other financial operations the newly acquired users perform in your bank.
Make data-driven decisions
Obtain a bird’s eye view on your retail bank key performance metrics and quickly spot new opportunities or areas to troubleshoot. Gain instant visual insights from the charts and diagrams based on hard data from different angles, like customer segments and cohorts:
Customer acquisition: customer base growth, churn rate & reasons reports
Unit economy: LTV, profit, break-even & payback reports
Earnings: Turnover & revenue, gross margin reports
Product value: popular operations, pricing plans efficiency, pre-churn signals
Transaction rates: payment success, fraud, dispute rate.
Leverage analytics data to spot operations that can potentially increase your neobank’s profit, reactivate the customers before they churn, adjust pricing plans to retain and engage new users. You can zoom in on any particular metric for deeper insights into your retail banking platform performance.
Watch the demo here .
Build the Digital Bank Your Customers Will Stay With
SDK.finance solution for neobanks offers everything needed to doom your consumer bank business for success and make it the primary hub for all your clients’ banking needs thanks to its customer-centric approach.
Let your clients keep their funds in the currencies of their choice. Add as many currencies to the system as you find necessary.
Allow customers to operate any currency they need. Automated currency exchange is in place for transactions involving different currencies.
Categorize your useres’ spendings and present them as charts and diagrams. Show a map of transactions based on the location they have been performed at.
Offer a full set of cardholder services via issuing Visa/MasterCard cards linked to the customer's account (vendor integration required).
Integrate local vendors to enable utility bills and internet payments, cell phone top-ups, and payments for other popular services
Deeper Overview of Our Retail Banking Software Feature Set
SDK.finance digital banking product also presents a robust out of the box package of an advanced neobanking solution must-haves:
Contact us to learn how we can help with your digital banking product launch
SDK.finance Digital Retail Banking Solution FAQs
- You own the code and are free to modify the solution as you find necessary.
- Your team gets to tailor your banking software so that it meets all industry regulations, security and compliance standards.
- You receive a stable, reliable engine for your banking business which you can easily extend via integrations, virtually without restrictions.
- You pay a one-time flat fee and don’t bother about any recurrent subscription expenses.
SDK.finance architecture allows integrating any 3rd-party tools for each stage of the customer journey. Our open digital banking API set makes it easy to connect the ready-made components to your banking engine rather than having to develop them from scratch.
Our digital retail banking software comes with the source code license and is deployed on-premise. Find out the details of the source code purchase and knowledge transfer.