MCLEAN, Va. (PRWEB)
November 08, 2017
Acumen Solutions, a global cloud consultancy, today announced Open Banking: FinTech Connect – built on the Salesforce Lightning Bolt framework for the Financial Services industry. Lightning Bolt solutions are designed for a wide variety of business and vertical industry needs, and are now available on the AppExchange. Open Banking: FinTech Connect is a pre-built Salesforce Community solution that empowers companies to accelerate the creation of communities, next-generation portals and customer-facing websites.
The consumer demand for digital banking applications is growing quickly, and the number of third party application providers, referred to as FinTechs, is exploding. Not surprisingly, investment in FinTech has soared in the last decade from $930M in 2008 to over $12B in 2015, according to Forbes. To supply FinTech firms with the information that they need, banks must create APIs that allow those firms to securely and reliably use banking information to fuel their applications. In order to meet the growing need, banks are shifting technology resources from building customer applications themselves to monetizing their data and demonstrating their banking capabilities to FinTech consumers. This partnering strategy supports revenue growth and capture of new markets at a lower cost.
Acumen Solutions’ Open Banking: FinTech Connect solution provides banks with a turnkey private FinTech engagement platform that features partner onboarding, lead sharing, developer support, and API analytics. The solution allows banks to drive more revenue from their API investments by streamlining the partner capture process, supporting new and mature FinTech developers, and automating workflows triggered by API trends.
“Acumen Solutions’ Open Banking FinTech Connect will be a critical tool and capability to ensure organizations…