Because of the rapid pace at which technology is progressing, there are times when older applications are simply unable to keep up, and may need to be retired. To continue to run business processes at maximum efficiency, it becomes imperative to embrace the change with more modern solutions.
Bank X is a global investment and financial services company with a comprehensive suite of financial products and insightful solutions to corporates, multinational companies, multilateral agencies, foreign government entities and financial institutions.
However, when their old legacy client application could no longer communicate with their payment processor because of its obsolete technology, Bank X faced challenges with merchant on-boarding.
Web Application for Finance Company
Here’s how CloudNow’s solutions benefited Bank X
Reduction in time
for Merchant On-boarding
The biggest concern of Bank X was that the FAT client application which was originally used for their merchant on-boarding process was no longer supported for updates by the software provider. The technology itself seemed obsolete due to the absence of periodic updates. What’s more, the FAT application no longer worked well with FirstData, their payment processor.
CloudNow derived an out-of-the box solution, to develop a cutting edge solution to the issue with an API-based approach as opposed to the conventional FAT approach taken by most solution providers in the market.