Bhavin Turakhia
Zeta
Ramki Gaddipati
Zeta
"The World’s First Omni Stack for Fintechs and Banks"
Banking software is still stuck in the stone ages. Bank operations today are a cacophony of 10+ software vendors providing disconnected monolithic software for Core Banking, Debit Processing, Credit Processing, Prepaid Processing, Loan Origination, Loan Management, Fraud Management, Mobile Apps, Net Banking, Customer Lifecycle Management and more. While software is busy eating the world, most banks stagnate on decades old technology built at a time when Mainframes, Cobol, and Batch-processing were in vogue.
As a result of leveraging disparate technology from the 80s, banking is plagued with:
- Snail paced innovation with product launches that take 18+ months and rollout of new features taking 6+ months
- Poor user experience
- High operation and integration costs
- Reducing income due to competition and poor cross-sell
Competition is here and it’s knocking hard at the gates. A 2016 survey of 32,000+ global consumers found that “one in three banking and insurance customers would consider switching their accounts to Google/Amazon”. No surprises that Apple has since launched a credit card and Google has launched DDA programs. One cannot build a banking experience customers deserve with clunky parts from the 80s. Legacy banks are not tech-first companies and are seen as dinosaurs about to face an extinction level event.
In response to this tectonic shift, we present Zeta; the world’s first and only Omni Stack for Banks and Fintechs. A single, modern, cloud-native software stack with 100% API coverage, comprising processing, loans, customizable mobile and web apps, fraud engine and rewards for retail banking.
For Fintechs, Zeta's Omni Stack can help Launch Credit and Loan programs quickly with our -
- Comprehensive and Flexible APIs for Program definition, Account / Card Provisioning and Management
- Realtime events and Interceptors for transaction interception
- Integrated Processing Platform with Cards, Credit, Loans, FRM and Rewards
- Strong Sponsor Banks with BIN and balance sheet
- Optional Comprehensive Consulting and Program Management
For Banks, Zeta's Omni Stack can Improve Cost to Income Ratio, NPS, UX, Speed and Agility with our -
- Modern digital experiences
- Cloud-native, micro services architecture, API first stack
- Integrated Processing Platform with Cards, Credit, Loans, FRM and Rewards
We believe it is time for financial institutions to stop using technology that is older than their customers and to deploy an Omni Stack to power banking experiences that belong in 2024.
It is time for Zeta.
