The digital transformation of the banking industry has been a game-changer for financial institutions. The demand for online banking services has skyrocketed, and banks have to keep up with the technological advancements to remain competitive. However, the cost of building and maintaining a traditional banking application can be staggering. This is where Finxone comes in.
Finxone is a powerful no-code fintech platform that enables businesses to design, build and launch financial applications without coding skills. It is cost-effective and significantly reduces the time and resources required to launch a traditional banking application.
For instance, let’s consider the case of a financial institution that wants to build a banking application. A traditional banking application may take up to 9 months to design, build and make it live, and the cost may go up to a million pounds. Additionally, it may require 5 to 10 thousand pounds per month to keep running. In contrast, using Finxone to build the same application would cost only £300 to design, and it would cost only £25,000 to make it live. The cost of maintaining the application would be as low as £2,000 per month, making it a more cost-effective option for financial institutions.
Moreover, Finxone provides businesses with the flexibility to make changes to the application on the go. It has a drag-and-drop interface, which means that changes can be made without any coding. This feature significantly reduces the time and resources required to make changes to the application, making it more efficient.
Apart from the cost savings and efficiency, Finxone also ensures that the application is built with compliance and data security in mind. It meets all the necessary regulatory requirements, ensuring that financial information is safe and secure.
In conclusion, Finxone is a cost-effective and efficient solution for financial institutions looking to build and launch banking applications quickly. With a user-friendly interface, it eliminates the need for coding skills, making it accessible to anyone. Additionally, it is compliant with all the regulatory requirements, ensuring that the application is safe and secure. Finxone is the perfect solution for businesses looking to make their mark in the fintech industry.