Development and provision of turnkey BPaaS service

Fully prepared solutions. Fast launch. Customised functionality. Customization. Full support and consulting.

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Provide BPaaS development and implementation services for the banking sector

BPaaS stands for "banking process as a service". It is a type of cloud-based service model that provides financial institutions with end-to-end banking operations as a service. BPaaS allows banks to outsource their non-core banking functions, such as account opening, loan processing, credit card transactions and payment processing, to a third-party provider that specialises in these processes.

By using BPaaS, banks can reduce their operating costs, increase efficiency and improve customer service. The third-party provider takes care of the infrastructure, software and support needed to run these processes, allowing banks to focus on their core business functions. BPaaS vendors can also offer additional services such as data analytics, risk management and compliance management to help banks meet regulatory requirements.

Overall, BPaaS has the potential to transform the banking industry by providing an innovative, scalable and cost-effective solution for banking operations. Whether you need to develop BPaaS or implement cloud services, our years of experience and experienced developers, will help you implement any requirements as quickly as possible.

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The products included in BPaaS

Payment processing

This includes services for processing various types of payments, including card payments, wire transfers and ACH transactions. This may include fraud detection, reconciliation and settlement services.

Compliance management

This includes compliance management services such as Know Your Customer (KYC) and anti-money laundering (AML) requirements. This may include identity verification, risk assessment and transaction monitoring services.

Customer acceptance services

This includes services to attract new customers, such as account opening, identity verification and document management. This can include digital registration, biometric authentication and electronic signatures services.

Risk management

This includes services for managing different types of risk, such as credit risk, market risk and operational risk. This can include services for risk assessment, scenario analysis and stress testing.

Data management

This includes services for managing and processing large volumes of data, such as transaction data, customer data and regulatory data. This can include data integration, data warehousing and reporting services.

Loan processing

This includes services for processing different types of loans, such as consumer, commercial and mortgage loans. This may include underwriting, credit scoring and loan servicing services.

Account management

This includes services for managing different types of accounts, such as deposit accounts, credit card accounts and investment accounts. This may include account opening, account maintenance and account closing services.

Wealth management

Includes asset management and investment services for high net worth individuals and institutional clients. This may include portfolio management, investment research and financial planning services.

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Main benefits of using BPaaS

BPaaS (Banking Process-as-a-Service) has a number of advantages for both service providers and their customers:

Cost reduction

By offering standardised and scalable services, BPaaS providers can achieve cost savings through economies of scale. Customers also benefit from cost savings because they do not need to invest in their own infrastructure or hire additional staff.

Increased efficiency

BPaaS vendors can offer efficient and optimized services that are designed to improve customer experience. This can result in faster turnaround times, fewer errors and improved overall efficiency.

Increased flexibility

BPaaS providers can offer flexible services that can be easily scaled up or down to meet changing business needs. Customers can also benefit from the ability to adapt quickly to changing market conditions.

Access to expertise

BPaaS providers have specialised expertise in banking operations, technology and compliance. Customers can benefit from this expertise and avoid having to hire additional staff or invest in training.

Improved regulatory compliance

BPaaS providers are responsible for ensuring their services meet all relevant regulatory requirements. Customers can benefit from improved compliance, which can reduce the risk of fines and reputational damage.

Improved regulatory compliance

BPaaS providers are responsible for ensuring their services meet all relevant regulatory requirements. Customers can benefit from improved compliance, which can reduce the risk of fines and reputational damage.
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The main differences between BPaaS and BaaS

When choosing a developer or integrator, always remember that BaaS (Banking-as-a-Service) and BPaaS (Banking Process-as-a-Service) are two different service models in the banking industry. Although they share some similarities, there are key differences between them:

Scope of services

BaaS focuses on providing core banking services, such as account creation, transaction processing and card issuance, through an API or third-party provider platform. BPaaS provides end-to-end banking as a service, which includes non-core banking functions such as credit processing, payment processing and compliance management.

Customisation level

BaaS offers a customisable banking service that can be integrated into the client's own products and services. BPaaS, on the other hand, provides a standardised package of services that is not customisable but is designed to meet the specific needs of a particular market segment.

Cost structure

BaaS services are usually based on a transaction- or usage-based pricing model, which provides greater transparency and cost flexibility. BPaaS, on the other hand, has a more fixed pricing model based on the services provided.

Implementation time

BaaaS can be implemented relatively quickly and easily as it involves the integration of already existing services into the client's platform. BPaaS may take longer to implement because of the need to build its own infrastructure and processes.
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BPaaS technologies we are working with

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Technical features when developing software for BPaaS

1

Service Oriented Architecture (SOA)

BPaaS solutions are usually built using a service-oriented architecture that allows for modular and scalable designs. This allows the provider to offer services flexibly and efficiently and allows customers to integrate easily with the provider's systems.
2

Cloud computing

BPaaS solutions are often provided through cloud computing, which provides scalability, flexibility and cost-effectiveness. Cloud computing also allows the provider to easily provide updates and new features to clients.
3

Application Programming Interfaces (APIs)

BPaaS solutions rely on APIs that allow customers to access and integrate with the provider's services. This requires the development of well-documented, secure and scalable APIs that are easily accessible to customers.
4

Data management

BPaaS solutions involve the management and processing of large volumes of data, including transaction data, customer data and regulatory data. This requires the development of robust data management systems that can handle large volumes of data, ensure data security, and provide accurate and timely reporting.
5

Security

BPaaS solutions involve sensitive financial data, so security is a critical technical feature. This requires robust security measures including data encryption, access controls, intrusion detection and prevention systems, and compliance with industry standards such as PCI DSS and ISO 27001.
6

Analytics

BPaaS solutions often involve the collection and analysis of large volumes of data to support decision-making, risk management, and compliance. This requires the development of analytical tools and methods that can provide insight and identify patterns and trends in the data.

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Our cases

Synthesis of solutions led the client to a monthly income of $30,000

Cryptocurrency wallet with P2P platform

Cryptocurrency exchange + Liquidity supply

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Why Choose Us?

Deployment of a complete infrastructure for a project
Possibility to test the product before purchase
Minimal implementation time with the high level of quality
Guarantees that your product will meet the expectations of your organization's members
Easy and convenient scalability of the project in the future
Guarantees of a secure transaction and follow-up support
Free consultation
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Contacts