Bank Automation News

No products in the cart.

Subscribe
  • News
  • Data
  • Transactions
  • Events
    • Bank Automation Summit
    • Apply to Speak
    • Apply to Demo
  • Podcast
  • WEBINARS
    • Upcoming Webinar: Breaking the API Dependency Bottleneck in Financial Services presented by Ally Financial & WireMock
    • Webinar Library
Log In
No Result
View All Result
  • AI
  • Business Banking
  • Core
  • Cloud
  • Crypto
  • Payments
  • Retail Banking
  • Risk & Security
Bank Automation News
  • News
  • Data
  • Transactions
  • Events
    • Bank Automation Summit
    • Apply to Speak
    • Apply to Demo
  • Podcast
  • WEBINARS
    • Upcoming Webinar: Breaking the API Dependency Bottleneck in Financial Services presented by Ally Financial & WireMock
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
Bank Automation News
No Result
View All Result

How Do You Select the Best Digital Banking Platform?

GalileobyGalileo
April 4, 2023
in Business Banking
Reading Time: 6 mins read
0
Share on Facebook
Why you need one, what to look for and how to select the best digital banking platform to support your digital banking strategy heading into the new year.

The concept of digital transformation in banking has evolved from simply offering a web or mobile version of the branch, to being able to provide digital banking services that add value to customers’ lives.

Digital banking trends show a movement towards personalized digital banking services that can adapt to changing customer needs and provide the right offering, to the right customer at the right time.

What does that mean when it comes to selecting a digital banking platform?

To adapt and compete in the future of digital banking, banks and financial institutions need to look for a next-generation banking platform that can help them react to changing customer needs, and that offers the level of flexibility needed to adapt their digital banking solutions in an agile and cost effective way.

What Is a next-generation banking platform?

Next-generation banking platforms are cloud native, API-centric and have a microservices-based architecture. They have a digital banking foundation that is built on data, and they are insights-driven so banks and FIs can better understand their customers down to a segment of one, enabling them to facilitate one-to-one personalized banking experiences. A next-generation digital banking platform should also offer off-the-shelf capabilities that can be easily extended, provide a simple way to adjust products and support the creation of new business capabilities.

With a next-generation banking platform, banks and FIs can extend business capabilities and realize new revenue streams by building digital ecosystems. They can take advantage of the Open Banking opportunity and integrate with third parties to provide new, disruptive digital banking services that add even more value to the customer experience.

How can a next-generation banking platform support changing customer demand?

As the needs and demands of banking customers continue to evolve, driven by an increasing reliance on digital channels, your digital banking strategy also needs to evolve beyond simply delivering the same products and services online, to leveraging omnichannel banking to keep share of wallet and realize new revenue streams.

If your strategy is to move away from servicing banking transactions to facilitating consumer interactions, then you need to look for next-generation digital banking solutions that facilitate agile ways of working and that can reduce time-to-market.

Learn more about next-gen banking core.

What is the best next-generation banking platform?

While there are a number of banking technology providers who claim that they have a next-generation banking platform, in reality, many of those platforms are legacy platforms that have undergone a series of updates and are not truly next-generation.

Next-generation banking platforms have been specifically designed for the future of digital banking. They are designed to help you differentiate by adapting to changing consumer behaviors. They can help you become an integral part of your customers’ lives by offering the right digital banking services to the right customer at the right time based on data. And they help you provide those digital banking services seamlessly across all channels.

But the ability to truly and dynamically adapt or adjust the right financial service offering to the right customer at the right time can be challenging. Simply implementing a digital platform on top of a core isn’t going to work. Neither is relying on a core digital banking platform – no matter how advanced – that doesn’t have a consumer-centric digital engagement and orchestration layer.

Banks need a next-generation banking platform that provides an integrated approach. If a bank’s core and digital platforms are not seamlessly integrated, it will not be able to provide the level of flexibility needed to identify and dynamically adapt to changing consumer behaviors and create new or adjust products and services in a timely fashion.

The digital banking platform difference

Cyberbank Digital is a next generation digital banking platform. The digital banking platform has been designed around the concept of structural flexibility which can help banks to differentiate by enabling them to provide capabilities beyond the typical business capabilities required. By leveraging structural flexibility with our digital banking platform, banks and FIs can:

  • Gain a competitive edge with a flexible system that drives dynamic product and service innovations.

  • Create and launch new digital banking services at market speed.

  • Improve customer service by providing omnichannel banking with a seamless interface across multiple platforms.

  • Gain an integrated customer view across all points of contact, with a client-tailored data repository that combines customers’ information, products and transactions at a multi-dimensional level.

  • Minimize operational risk by implementing a system designed around industry compliance standards.

  • Use monitoring, control and corporate governance tools to trace and resolve transactional issues.

  • Keep systems updated on regulatory changes with intuitive rule management tools.

  • Align the technology with business needs, making it easier to introduce new services and operations with a minimal impact on IT resources.

Cyberbank Digital is designed to help you differentiate

The Cyberbank Digital next generation banking platform is designed to help banks and FIs differentiate with:

  • The ability to define new products, services and customer journeys through business-oriented tools

  • An extensive and powerful digital ecosystem

  • Empathic banking customer experiences with adaptive CX in every point of interaction

  • Integrated data gathering and transformation capabilities

  • An API-centric platform and microservices based architecture

To find out more about Cyberbank, the digital banking platform, request a demo with one of our digital banking experts.

Note: This article was originally published on technisys.com, which was acquired by Galileo parent company SoFi Technologies in February 2022.

Tags: Sponsored
Previous Post

Grasshopper Bank secures fintech client using Treasury Prime’s OneKey

Next Post

SVB collapse spurs demand for new solutions

Related Posts

Courtesy/Canva
Business Banking

SMB tech transactions: ACU of Texas taps Crux Analytics

May 14, 2025
(OakNorth offices/Courtesy/OakNorth)
Business Banking

Lender OakNorth to originate $1.5B in 2025

May 13, 2025
Courtesy/Canva
Business Banking

New SmartBiz Bank to launch a deposit product

May 12, 2025
Next Post

SVB collapse spurs demand for new solutions

Stay Informed with Our Newsletters

CLOUD

paypal ai

Inside UniCredit’s cloud migration

May 20, 2025
Le Wagon, coding bootcamp in Paris, France, on January 22, 2018.Photographer: Marlene Awaad / Bloomberg

Fitch Ratings gains 40% efficiency with AWS gen AI tool

May 19, 2025
A logo outside the Google Store Chelsea in New York, U.S., on Friday, May 28, 2021. The Google Store will display and sell a variety of product such as Pixel phones, Nest smart home devices, Fitbit trackers, Pixelbooks, and more. Photographer: Victor J. Blue/Bloomberg

Google Cloud combats ‘shadow AI’ with security measures

May 14, 2025

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

The Buzz Podcast

RETAIL BANKING

The Toronto-Dominion (TD) bank headquarters in the financial district of Toronto. Photographer: Laura Proctor/Bloomberg

TD plans to cut about 2% of workforce amid restructuring

May 22, 2025
fair

Lending transactions: Freedom taps Vine for automation

May 21, 2025
Courtesy/Canva

Digital banks open more new accounts than mega banks

May 21, 2025

SPONSORED

Just Released! 2025 Strategy Benchmark

May 1, 2025

Leverage Treasury Management to Turn Fraud Prevention Into a Strategic, Revenue-Generating Opportunity

April 1, 2025

A growth mindset in banking requires AI

March 27, 2025
  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

 Manage Cookie Consent

Connect

twitter linkedin podcast podcast podcast
© 2025 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • AI
    • Business Banking
    • Core
    • Cloud
    • Payments
    • Retail Banking
    • Risk & Security
  • DATA
  • TRANSACTIONS
  • EVENTS
    • Bank Automation Summit
  • PODCAST
  • WEBINARS
    • Upcoming Webinar: Breaking the API Dependency Bottleneck in Financial Services presented by Ally Financial & WireMock
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • NEWS
    • All News
    • AI
    • Business Banking
    • Core
    • Cloud
    • Payments
    • Retail Banking
    • Risk & Security
  • DATA
  • TRANSACTIONS
  • EVENTS
    • Bank Automation Summit
  • PODCAST
  • WEBINARS
    • Upcoming Webinar: Breaking the API Dependency Bottleneck in Financial Services presented by Ally Financial & WireMock
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

THIS WEBSITE USES COOKIES

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I CONSENT”, you consent to the use of ALL the cookies.

Cookie settingsI CONSENT

Review our Cookie Policies
.
Manage Cookie Consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
__cfruidsessionCloudflare sets this cookie to identify trusted web traffic.
__RequestVerificationTokensessionThis cookie is set by web application built in ASP.NET MVC Technologies. This is an anti-forgery cookie used for preventing cross site request forgery attacks.
_abck1 yearThis cookie is used to detect and defend when a client attempt to replay a cookie.This cookie manages the interaction with online bots and takes the appropriate actions.
34f6831605sessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
a64cedc0bfsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
ak_bmsc2 hoursThis cookie is used by Akamai to optimize site security by distinguishing between humans and bots
ARRAffinitysessionARRAffinity cookie is set by Azure app service, and allows the service to choose the right instance established by a user to deliver subsequent requests made by that user.
ARRAffinitySameSitesessionThis cookie is set by Windows Azure cloud, and is used for load balancing to make sure the visitor page requests are routed to the same server in any browsing session.
AWSELBsessionAssociated with Amazon Web Services and created by Elastic Load Balancing, AWSELB cookie is used to manage sticky sessions across production servers.
bm_sz4 hoursThis cookie is set by the provider Akamai Bot Manager. This cookie is used to manage the interaction with the online bots. It also helps in fraud preventions
cf_ob_infopastThe cf_ob_info cookie is set by Cloudflare to provide information on HTTP Status Code returned by the origin web server, the Ray ID of the original failed request and the data center serving the traffic.
cf_use_obpastCloudflare sets this cookie to improve page load times and to disallow any security restrictions based on the visitor's IP address.
CONCRETE5sessionThis cookie is set by the provider Concrete5 web content management system. This is a necessary cookie used for maintaining the user session between pages.
connect.sid1 monthThis cookie is used for authentication and for secure log-in. It registers the log-in information.
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookiesession11 yearThis cookie is set by the Fortinet firewall. This cookie is used for protecting the website from abuse.
crmcsrsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
ep20130 minutesThis cookie is set by Wufoo for load balancing, site traffic and preventing site abuse.
JSESSIONIDsessionThe JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application.
LS_CSRF_TOKENsessionCloudflare sets this cookie to track users’ activities across multiple websites. It expires once the browser is closed.
PHPSESSIDsessionThis cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
sxa_sitesessionThis cookie is used to identify the webiste visitor's session state across page requests on server.
ts3 yearsPayPal sets this cookie to enable secure transactions through PayPal.
ts_c3 yearsPayPal sets this cookie to make safe payments through PayPal.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
wordpress_test_cookiesessionThis cookie is used to check if the cookies are enabled on the users' browser.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
CookieDurationDescription
__cf_bm30 minutesThis cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
_zcsr_tmpsessionZoho sets this cookie for the login function on the website.
663a60c55dsessionThis cookie is related to Zoho (Customer Service) Chatbox
bcookie2 yearsLinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID.
bscookie2 yearsLinkedIn sets this cookie to store performed actions on the website.
e188bc05fesessionThis cookie is set in relation to Zoho Campaigns
geosessionThis cookie is used for identifying the geographical location by country of the user.
iamcsrsessionZoho (Customer Support) sets this cookie and is used for tracking visitors (for performance purposes)
langsessionLinkedIn sets this cookie to remember a user's language setting.
languagesessionThis cookie is used to store the language preference of the user.
lidc1 dayLinkedIn sets the lidc cookie to facilitate data center selection.
optimizelyEndUserId1 yearOptimizely uses this cookie to store a visitor's unique identifier which is a combination of a timestamp and a random number. Different variations of web parts are shown to users that optimizes the website's user experience.
tableau_localesessionTableau uses this cookie to determine the preferred language and country-setting of the visitor - This allows the website to show content most relevant to that region and language.
UserMatchHistory1 monthLinkedIn sets this cookie for LinkedIn Ads ID syncing.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
AWSELBCORS20 minutesThis cookie is used by Elastic Load Balancing from Amazon Web Services to effectively balance load on the servers.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
__gads1 year 24 daysThe __gads cookie, set by Google, is stored under DoubleClick domain and tracks the number of times users see an advert, measures the success of the campaign and calculates its revenue. This cookie can only be read from the domain they are set on and will not track any data while browsing through other sites.
_ga2 yearsThe _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_gcl_au3 monthsProvided by Google Tag Manager to experiment advertisement efficiency of websites using their services.
_gid1 dayInstalled by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
ajs_anonymous_idneverThis cookie is set by Segment to count the number of people who visit a certain site by tracking if they have visited before.
ajs_group_idneverThis cookie is set by Segment to track visitor usage and events within the website.
ajs_user_idneverThis cookie is set by Segment to help track visitor usage, events, target marketing, and also measure application performance and stability.
browser_id5 yearsThis cookie is used for identifying the visitor browser on re-visit to the website.
CONSENT2 yearsYouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
sid1 yearThe sid cookie contains digitally signed and encrypted records of a user’s Google account ID and most recent sign-in time.
uid1 yearThis is a Google UserID cookie that tracks users across various website segments.
vuid2 yearsVimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
WMF-Last-Access1 month 21 hours 5 minutesThis cookie is used to calculate unique devices accessing the website.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
_dc_gtm_UA-1038974-41 minuteUsed to help identify the visitors by either age, gender, or interests by DoubleClick - Google Tag Manager.
_fbp3 monthsThis cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.
_pxhdpastUsed by Zoominfo to enhance customer data.
fr3 monthsFacebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.
IDE1 year 24 daysGoogle DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads and according to the user profile.
test_cookie15 minutesThe test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE5 months 27 daysA cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSCsessionYSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devicesneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-idneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt.innertube::nextIdneverThis cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requestsneverThis cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
049fc2ef5beb27056b07d9e4c4d13fd3sessionNo description
akaalb_http_misc_subssessionNo description
AnalyticsSyncHistory1 monthNo description
BIGipServermsocu-web-2-rr.webfarm.ms.com.10882sessionNo description
bm_misessionNo description available.
CX_4061522881 yearNo description
DCID20 minutesNo description
debugneverNo description available.
DrupalVisitorMobilesessionNo description available.
ep2033 monthsNo description available.
frbatlanta#langsessionNo description
geo_info1 yearNo description available.
GoogleAdServingTestsessionNo description
li_gc2 yearsNo description
loglevelneverNo description available.
loom_anon_commentsessionNo description available.
loom_referral_videosessionNo description
mkjs_group_idneverNo description available.
mkjs_user_idneverNo description available.
MorganStanley.ClientServ.Common.IPZipAccess.IPZipCookie.DEFAULT_COOKIE_NAMEpastNo description
NSC_us_nbsl-83+63+21+25-91sessionNo description
nyt-a1 yearThis cookie is set by the provider New York Times. This cookie is used for saving the user preferences. It is used in context with video and audio content.
nyt-gdpr6 hoursNo description available.
nyt-purr1 yearNo description available.
OCC_Encrypted_CookiesessionNo description
polleverywhere_session_id14 daysNo description
ppnet_2020sessionNo description available.
ppnet_2777sessionNo description available.
reuters-geosessionNo description
shell#langsessionNo description
smcx_0_last_shown_atsessionNo description available.
tableau_public_negotiated_localesessionNo description available.
vary1 monthNo description
www#langsessionNo description
X-Vive-CountrysessionNo description
xn_uuid1 monthNo description
Save & Accept
Powered by CookieYes Logo