Revolutionize the way your bank builds customer experiences. Faster. More flexible. Unmatched.
FINCHAIN Engine
FINCHAIN’s Engine offers unique flexibility and control in designing and building new financial products using smart contracts.
A wide range of products can be created, from innovative offerings like multi-currency accounts or bundled products to replications of existing products from legacy platforms.
This capability facilitates the safe migration of customers to FINCHAIN from legacy platforms without disrupting their current product portfolio.
Smart contracts
Developer-friendly code empowers smart contracts to build any financial product. This grants banks full control over product logic, offering flexibility and power for designing and building innovative new products as well as replicating their existing back book.
Financial product creation and changes are completely abstracted from the platform through a dedicated configuration layer. This allows banks to build and improve any financial product entirely by writing smart contracts. No modifications are required to the platform code, and banks maintain complete autonomy over product changes, eliminating reliance on us.
Finchain enforces a fully encapsulated, transparent, and drag and drop approach to financial product logic through smart contracts on Anvil
Written in developer-friendly Python code, these smart contracts offer design flexibility while exposing common functionalities via the Contracts API.
Financial logic is automatically executed at key account events or specific times using functions. These functions are driven by parameters, allowing for highly configurable and custom products.
Importantly, financial logic can be instantly updated on-demand through the API.
Product Library
Finchain boasts a comprehensive Product Library featuring a wide range of pre-built smart contracts. This library includes market staples like transaction accounts, savings products, loans, mortgages, and credit cards.
Beyond these core offerings, Finchain caters to Islamic banking and innovative solutions like buy-now-pay-later schemes, digital wallets for CBDC, and offset mortgages.
These pre-configured smart contracts are ready for immediate deployment and can be easily customized to meet specific bank requirements. Notably, the Product Library is constantly expanding with new offerings.
MORTGAGE
Home Loan
Power your lending with Finchain’s composable Home Loan software. Deploy it independently or integrate seamlessly within the Finchain platform. Deliver a modern home loan experience for your customers.
Fixed-rate mortgage
Leverage Finchain’s composable Fixed-Rate Mortgage software for standalone use or integrate it into the Finchain platform. Offer a robust mortgage solution and streamline the loan process for your customers.
Tracker mortgage
Gain flexibility with Finchain’s composable Tracker Mortgage software. Deploy it independently, integrate it seamlessly within Finchain’s platform, or even connect it to existing systems. Deliver a future-proof mortgage experience for your business.
Variable-rate mortgage
Tailor mortgage offerings with Finchain’s composable Variable-Rate Mortgage software. Deploy it standalone, integrate it into Finchain’s platform, or connect it to legacy systems for ultimate flexibility. Empower your business to deliver a modern and adaptable mortgage experience.
Balance offset mortgage
Simplify account management with Finchain’s composable Balance Offset Mortgage software. Deploy it independently, integrate it with Finchain’s platform, or connect it to existing systems for maximum flexibility. Offer a streamlined mortgage experience that saves your customers money.
Portable mortgage
Unleash mortgage portability with Finchain’s composable software. Deploy it standalone, integrate it into Finchain’s platform, or connect to legacy systems for ultimate flexibility. Empower your customers to take their mortgage with them, seamlessly.
Home equity loan
Unlock home equity’s potential with Finchain’s composable Home Equity Loan software. Deploy it independently, integrate it within Finchain’s platform, or connect to existing systems for ultimate flexibility. Empower your customers to leverage their home’s value, effortlessly.
Refinance/additional borrowing
Streamline refinance and unlock new possibilities with Finchain’s composable Refinance/Additional Borrowing software. Deploy it independently, integrate it within Finchain’s platform, or connect to existing systems for ultimate flexibility. Empower your customers to effortlessly reach their financial goals.
Remortgage
Simplify switching lenders with Finchain’s composable Remortgage software. Deploy it standalone, integrate it into Finchain’s platform, or connect to legacy systems for ultimate flexibility. Empower your business to deliver a seamless remortgage experience.
Repayment mortgage
Automate repayments with Finchain’s composable Repayment Mortgage software. Deploy it standalone, integrate it into Finchain’s platform, or connect to existing systems for maximum flexibility. Deliver a frictionless mortgage experience that saves time and effort.
Interest-only mortgage
Gain flexibility with Finchain’s composable Interest-Only Mortgage software. Deploy it independently, integrate it into Finchain’s platform, or connect to legacy systems for ultimate choice. Offer your customers tailored payment options and optimize their cash flow.
Loan
Education/student loan
Simplify student finance with Finchain’s composable Education/Student Loan software. Deploy it standalone, integrate it into Finchain’s platform, or connect to existing systems for maximum flexibility. Empower students to access funding and achieve their educational goals.
Point-of-sale finance
Drive in-store sales with Finchain’s composable Point-of-Sale Finance software. Deploy it independently, integrate it within Finchain’s platform, or connect to existing systems for ultimate flexibility. Empower businesses to offer seamless financing and close more deals.
Balloon repayment loan
Streamline large loan repayments with Finchain’s composable Balloon Repayment Loan software. Deploy it standalone, integrate it within Finchain’s platform, or connect to existing systems for ultimate flexibility. Offer borrowers a manageable repayment structure with a final larger payment.
Car loan
Steer loan processing towards the fast lane with Finchain’s composable Car Loan software. Deploy it independently, integrate seamlessly within Finchain’s platform, or connect to existing systems for ultimate flexibility. Empower businesses to deliver a smooth and speedy car buying journey.
Fixed-rate home loan
Lock in certainty for borrowers with Finchain’s composable Fixed-Rate Home Loan software. Deploy it standalone, integrate it into Finchain’s platform, or connect to legacy systems for ultimate flexibility. Offer predictable payments and simplify the home buying journey.
Interest-only loan
Maximize cash flow with Finchain’s composable Interest-Only Loan software. Deploy it independently, integrate it within Finchain’s platform, or connect to existing systems for ultimate flexibility. Empower borrowers to optimize their finances in the short term.
Renovation loan
Breathe life into renovations with Finchain’s composable Renovation Loan software. Deploy it standalone, integrate it seamlessly within Finchain’s platform, or connect to existing systems for ultimate flexibility. Empower homeowners to invest in their dream space effortlessly.
Peer-to-peer loan
Facilitate direct lending with Finchain’s composable Peer-to-Peer Loan software. Deploy it independently, integrate it within Finchain’s platform, or connect to existing systems for ultimate flexibility. Unlock new funding opportunities and empower borrowers and lenders to connect directly.
Personal loan
Simplify personal finance with Finchain’s composable Personal Loan software. Deploy it standalone, integrate it into Finchain’s platform, or connect to existing systems for maximum flexibility. Empower lenders to offer fast, tailored loans and borrowers to access funds effortlessly.
Bridging loan
Bridge the financial gap with Finchain’s composable Bridging Loan software. Deploy it independently, integrate seamlessly within Finchain’s platform, or connect to existing systems for ultimate flexibility. Empower borrowers to access funding quickly and bridge the gap to their next financial step.
Home extension/improvement loan
Invest in your home with ease using Finchain’s composable Home Extension/Improvement Loan software. Deploy it standalone, integrate it into Finchain’s platform, or connect to existing systems for ultimate flexibility. Empower homeowners to unlock the potential of their space without hassle.
Deposits
Time Deposit Account
Streamline savings with Finchain’s composable Time Deposit Account module. Deploy it independently, integrate seamlessly within Finchain, or connect to existing systems for ultimate flexibility. Offer your customers flexible saving options and boost deposit growth.
Term Deposits
Unleash the power of Term Deposits with Finchain’s composable software. Deploy it standalone, integrate it into the Finchain platform, or connect to legacy systems for ultimate flexibility. Attract new depositors and boost your institution’s savings offerings.
High-yield savings
Drive deposits with Finchain’s composable High-Yield Savings module. Deploy it independently, integrate it into Finchain’s platform, or connect to existing systems for ultimate flexibility. Entice customers with competitive rates and watch your savings accounts flourish.
Easy access saver
Simplify saving with Finchain’s composable Easy Access Saver module. Deploy it independently, integrate it seamlessly within Finchain, or connect to existing systems for ultimate flexibility. Offer your customers convenient saving options and encourage healthy financial habits.
Checking account/ Transaction account (DDA)
Power everyday banking with Finchain’s composable Checking Account module. Deploy it independently, integrate it into Finchain’s platform, or connect to existing systems for ultimate flexibility. Empower users to manage their finances effortlessly with a modern checking solution.
Multi-currency account
Unleash global financial freedom with Finchain’s composable Multi-Currency Account module. Deploy it independently, integrate seamlessly within Finchain, or connect to existing systems for ultimate flexibility. Empower users to manage money in multiple currencies effortlessly.
Current account (including overdraft)
Simplify everyday banking with Finchain’s composable Current Account module. Deploy it independently, integrate it into Finchain’s platform, or connect to existing systems for ultimate flexibility. Empower users to manage their finances effortlessly with built-in overdraft protection.
Fixed-term deposit
Leverage the power of term deposits with Finchain’s composable software. Deploy it standalone, integrate seamlessly within Finchain, or connect to existing systems. Attract new depositors and offer them a secure way to grow their savings.
Specialty savings account
Cater to specific savings goals with Finchain’s composable Specialty Savings Account module. Deploy it independently, integrate seamlessly within Finchain, or connect to existing systems for ultimate flexibility. Empower your users to save for their dreams with targeted account options.
Money market savings
Unleash the potential of money markets with Finchain’s composable Money Market Savings module. Deploy it independently, integrate seamlessly within Finchain, or connect to existing systems for ultimate flexibility. Offer your customers easy access to higher interest rates and grow their savings efficiently.
Savings account
Simplify saving for everyone with Finchain’s composable Savings Account module. Deploy it independently, integrate seamlessly within Finchain, or connect to existing systems. Empower your users to effortlessly manage their finances and reach their savings goals.
Second chance account
Provide financial inclusivity with Finchain’s composable Second Chance Account module. Deploy it independently, integrate it within Finchain’s platform, or connect to existing systems for ultimate flexibility. Empower individuals to rebuild their financial lives with accessible banking solutions.
Revolving Credit
Revolving line of credit
Streamline borrowing with Finchain’s composable Revolving Line of Credit module. Deploy it independently, integrate seamlessly within Finchain’s platform, or connect to existing systems for ultimate flexibility. Empower users to access funds easily and manage ongoing expenses effectively.
Credit card
Unleash the power of payments with Finchain’s composable Credit Card module. Deploy it independently, integrate it into Finchain’s platform, or connect to existing systems for ultimate flexibility. Empower your users with a secure and convenient way to pay.
Balance transfer credit
Simplify debt management with Finchain’s composable Balance Transfer Credit module. Deploy it independently, integrate seamlessly within Finchain, or connect to existing systems for ultimate flexibility. Empower users to consolidate debt and save on interest.
Instalment line of credit
Simplify borrowing with Finchain’s composable Installment Line of Credit module. Deploy it independently, integrate seamlessly within Finchain’s platform, or connect to existing systems for ultimate flexibility. Empower users to spread the cost of purchases over time with convenient repayments.
Charge card
Unleash flexible spending with Finchain’s composable Charge Card module. Deploy it independently, integrate seamlessly within Finchain, or connect to existing systems for ultimate flexibility. Empower users to make purchases and pay in full each month, optimizing their cash flow.
Wallets
Mobile wallet
Drive mobile payments with Finchain’s composable Mobile Wallet module. Deploy it independently, integrate seamlessly within Finchain, or connect to existing systems for ultimate flexibility. Empower users to pay effortlessly, anywhere, anytime.
Crypto Wallet
Simplify crypto management with Finchain’s composable Crypto Wallet module. Deploy it independently, integrate seamlessly within Finchain, or connect to existing systems for ultimate flexibility. Empower users to securely store, manage, and transact cryptocurrencies.
CBDC Wallet
Embrace the future of finance with Finchain’s composable CBDC Wallet module. Deploy it independently, integrate seamlessly within Finchain, or connect to existing systems for ultimate flexibility. Empower users to securely manage and spend central bank digital currencies.
Multi Currency Wallet
Simplify global finances with Finchain’s composable Multi-Currency Wallet module. Deploy it independently, integrate seamlessly within Finchain, or connect to existing systems for ultimate flexibility. Empower users to manage money in multiple currencies effortlessly, wherever they are in the world.
Shariah Products
Shariah savings account
Comply with Sharia principles effortlessly. Finchain’s Shariah Savings Account module is deployable independently, integrates with Finchain, or connects to legacy systems. Empower users to save according to their faith-based values.
Product SDK
Our intuitive SDK empowers banks to streamline their product development lifecycle. This user-friendly toolkit simplifies building, testing, and managing their entire product portfolio.
Benefits include:
Faster and more cost-effective product launches: Build, launch, and maintain products with unprecedented speed and efficiency.
Full control and flexibility: Our powerful SDK allows banks to write smart contracts, granting complete control over financial product logic.
Product-configuration: Create products with any configuration imaginable.
Out-of-the-box acceleration: Leverage a library of reusable business rules for product behavior and pricing, accelerating product launches.
Simplified product management: Manage and understand product usage and operations through a user-friendly interface.
Enhanced product control:
Versioning:
Create multiple product variations from a single smart contract (e.g., Balanced Investment Account – provides a mix of risk and reward.)
Seamless migration:
Perform “no-code” migration between different products for effortless updates.
Granular control:
Implement specific or mass changes by easily modifying groups of smart contracts through simple operations or scripts.
Real-time insights:
Access in-depth analytics for individual products or groups, empowering informed decision-making by banks and regulators.
Real-time Transaction Update
Finchain empowers banks with complete control over data management through its real-time Ledger. This innovative architecture strictly separates smart contract configuration from the underlying Ledger, ensuring a secure and efficient foundation.
Designed for unmatched scalability, Finchain allows any bank and any product to operate on a single Ledger. Data continuously streams in and out, enabling real-time processing and rich data feeds for AI and reporting.
The Finchain Engine and Ledger handle even the most complex banking scenarios within a single platform instance. This robust system supports multiple banks, currencies, operations teams, branches, business lines, and reporting requirements. It can even differentiate between ring-fenced and committed funds.
Finchain Ledger offers unparalleled flexibility in managing account balances. Banks can define any structure for balances, while maintaining complete visibility. This empowers them to generate powerful and personalized real-time reports, and leverage AI for customized customer propositions.
Transactions are processed instantaneously, eliminating batch processing delays. The Ledger is continuously available and accessible, with rich data streamed seamlessly through our Streaming API.
Beyond core functionality, Finchain’s Ledger simplifies back-book migration. This flexible approach streamlines the process, reduces errors, and allows for efficient ingestion of historical customer and ledger data.
Our real-time Ledger is always available and accessible, and the rich data is streamed out via our Streaming API. The Ledger is built to support any bank and any product and has powerful real-time reporting capabilities.
APIs
Core APIs
Finchain provides REST APIs to facilitate integration with various external applications, including channels, CRM systems, bank operator UIs, and product catalogs.
Streaming API
Finchain offers native support for real-time event streaming using Kafka integration patterns. This enables real-time updates on accounting events, balance changes, customer information, and any data modifications within the Ledger.
Posting API
Finchain acts as the central hub for managing all financial movements within accounts. This includes authorization checks, settlement of funds, releasing funds, and posting credits and debits.
Migration API
For efficient legacy core data migration, Finchain provides a Kafka-based API optimized for:
Performance improvements: Ensuring a smooth and speedy migration process.
Resource batching: Transferring data in efficient batches for optimal resource utilization.
Validation rule changes: Adapting legacy data to comply with Finchain’s validation rules.
Dependency management: Handling any data dependencies seamlessly during migration.
Hosting options
Our reputation precedes us: We’re renowned for possessing the industry’s leading cloud computing expertise in financial services.
Finchain, built from the ground up as a cloud-native solution, empowers banks to deploy on their preferred cloud provider. This unwavering commitment to flexibility ensures they can choose the model that best aligns with their unique needs.
Our deep understanding of cloud best practices translates into empowering our customers with unparalleled choice and flexibility during their cloud migration journey.
We stand out as the only truly cloud-native core banking provider offering a comprehensive range of deployment options. This includes Banking Software as a Service (BaaS), bank-hosted deployments in public and private clouds, and even hybrid configurations.
BAAS
Finchain’s fully managed BaaS deployment eliminates most cloud infrastructure management burdens. This hassle-free approach makes Finchain BaaS a popular choice for agile banks and FinTech’s seeking a streamlined experience.
Bank-hosted
Finchain offers flexible deployment options to suit any bank’s needs. Banks can choose from:
Public Cloud: Deploy on leading providers like Azure, AWS, GCP, and IBM, with the ability to easily add others.
Hybrid Cloud: Keep sensitive data secure in a private cloud while leveraging the scalability of a public cloud for other functionalities.
Private Cloud: Deploy entirely within a private cloud using Red Hat Open Shift with options like AWS Outposts, Azure Stack, or Google Anthos.
Deployment type
Unparalleled flexibility: Banks enjoy complete control over Finchain deployment, allowing them to tailor the platform to their specific needs and strategic objectives. Our team of delivery experts ensures seamless execution, guaranteeing the highest standards for every deployment.
Digital greenfield banks
We partner with leading innovators: forward-thinking banks and FinTech’s around the world, to launch groundbreaking, digital-first banks. Launching a digital bank on outdated technology can be a frustrating experience. While the front-end app might look sleek, the process of building and launching innovative products is often slow and expensive.
Building a digital bank on the Finchain platform is a transformative experience. Our smart contracts architecture empowers banks to launch any financial product with ease. Additionally, our API-first, microservices-based technology ensures seamless integration with any existing system.
Pre-built integrations with best-in-class technology vendors
Pre-built banking products that can be launched as they are or tuned to meet customer needs
Our network of highly trained partners who can support banks anywhere in the world
Coexistence
Banks can embrace the future without abandoning the past. Coexistence deployments allow them to build new, cloud-native technology stacks alongside their existing core systems. This approach keeps legacy products running smoothly on the old system while enabling the launch of innovative new products on the cloud-native stack.
The beauty of coexistence? Seamless customer experience. Because new and old stacks often share customer channels, customers can start using new Finchain powered products without any disruption to their existing user experience.
Our coexistence approach, implemented through deploying the Finchain platform, empowers banks to launch new features and products alongside established offerings. Think reward accounts on the new system, seamlessly integrated with existing accounts. This ensures a smooth transition for customers, who remain blissfully unaware of the changing technology behind the scenes.
Finchain streamlines the process further. Its technology allows for easy information routing and effortless migration between the mainframe and the Cloud Native platform. Additionally, the pluggable architecture within this approach enables banks to gradually replace legacy mainframe components with modern platforms over time.
Once comfortable with Finchain’s capabilities, banks can choose to migrate all their customers to the new platform for a fully modernized experience.
Migration
Streamline Your Banking Operations with Finchain Platform
Finchain Platform offers a comprehensive solution for banks, encompassing both new product management and legacy system migration.
Effortless Product Management: Manage your entire front-book of products efficiently.
Unparalleled Migration Capabilities:
Full Data Migration: Move all existing products, ledgers, and account records from your legacy system to our core platform.
Seamless Migration: Migrate your existing bank onto our platform with confidence. Our migration tools minimize risk and enable the transfer of your complete financial history, including complex back-book products.
Finchain Engine: Replicate the financial behavior of your existing products flawlessly.
Migration APIs: Perform seamless, gradual migrations with our rich set of functionalities, eliminating the need for risky “big bang” approaches.
Simplified Migration Process:
Our user-friendly migration tooling minimizes core banking migration timelines.
Simple-to-Use API Architecture: Designed to efficiently support common migration scenarios.
Configurable Dependency Fields: Send legacy data to Finchain in any order, eliminating the need for complex, sequential loads. This saves time and reduces manual errors during migration.
By leveraging Finchain Platform’s migration capabilities, banks of all sizes can overcome their migration challenges and achieve a smooth transition to a modern banking platform.
Migration strategies
Prior to migration, banks can leverage time-series testing to simulate and validate the behavior of migrated products over a set period. This testing approach involves simulating a known past period on the legacy core system. By comparing the results with Finchain’s processing of the same data, banks can demonstrate that Finchain replicates the behavior of the old core. This instills confidence in business stakeholders leading up to the production migration.
Flexible Migration Options for a Smooth Transition:
Our technology empowers you with a wide range of migration strategies and approaches. You can easily switch between them, allowing for granular account-by-account cutover.
Here’s how we support different migration scenarios:
Tranching:
Manage data stability during migration using dormancy flags. These flags keep data in a stable state between data load and go-live, ensuring smooth cutover for each tranche.
Parallel Run/Production Proving:
Finchain’s real-time API and event-driven architecture simplify these migration approaches compared to legacy batch-based systems. This allows you to run the new system alongside the old one for verification before switching over.
This flexibility ensures a smooth transition for your bank, regardless of your preferred migration strategy.
Migration partners:
Streamlined Migration with Partner Tools and Expert Support: To further simplify your migration journey, we offer two key resources:
Migration Partner Ecosystem: Leverage pre-built tools from our network of migration partners. These tools integrate seamlessly with Finchain’s migration APIs, offering pre-configured data transformation, quality checks, and reconciliation capabilities. This can significantly reduce the time and effort required for your migration program.
Finchain Migration Support: We provide a comprehensive suite of migration resources, including detailed documentation and access to our internal migration experts. These experts can advise you on migration strategies and best practices, ensuring a smooth and successful transition to Finchain.
Integrations and real-time data
The Finchain platform leverages an API-driven architecture, empowering banks to build custom stacks tailored to their specific needs. Banks can seamlessly integrate with existing sources of truth and leading technology vendors. Real-time data is continuously published across all components, providing banks with full visibility and instant access to valuable customer and system data.
Our platform allows banks to:
Increase their responsiveness to business change by enabling real-time actions to be taken based on streamed events
Have intra-day financial positions, real-time fraud detection, and up-to-date views on financial and operational risk.
Use near real-time granular data to enable advanced analytic capabilities such as machine learning.
Make changes to a product’s underlying smart contract without altering the downstream integrations that receive these events. Similarly, integrations can be changed without intervening in product functionality.
Integration Library
Finchain’s Integration Library grants banks access to connections with other leading cloud-native vendors across the entire banking stack.
The library offers connections to a diverse range of vendors for each segment of the banking stack (retail, business, Islamic banking), empowering banks to build solutions that perfectly align with their specific needs. Each integration is fully customizable, allowing banks to tailor it to their unique requirements.
These integrations are developed by Finchain itself or collaboratively with trusted technology and consultancy partners.
Integration Library
Bank operations and call centre
Onboarding and digital experience
Origination and servicing
CRM
Open banking and aggregation
Customer knowledge
Decisioning
IDSV
KYC/B
Transaction monitoring
Insights
Moving money
Cards schemes and processes
Payments hubs and gateways
FX and crypto payments
Data and risk
Risk and compliance
Regulation and financial reporting
General ledger
Customer master / CIF
Data lake and warehouse
Document management
Collateral management
Delivery
We pride ourselves on consistently delivering successful deployments. We work with banks to provide the delivery approach best suited to their needs:
Self service
In this model, the bank largely deploys the Finchain platform itself. This is possible through:
An extensive SDK and documentation explaining every aspect of platform functionality and behaviour.
Our training portal for banks to train and certify their staff. This allows them to rapidly up-skill and support configuration and deployment.
Our experts
Our expert client services teams works alongside banks or partners, transferring skills and knowledge, providing configuration, architecture and migration expertise and ensuring successful deployment
We can either empower banks to become self-sufficient and take full ownership of future product expansion or provide long-term support services