Finductive turns to Advapay to provide digital banking services

About Finductive:

Finductive, an EU-licensed Financial Institution, provides payment accounts for companies and individuals, as well as a PCI certified gateway for merchants. Headquartered in Malta, the company is registered with Swift and SEPA, and is a member of ECP.

Challenge Finductive faced:

To support future operations and provide digital banking services for businesses and individuals, Finductive needed a Core Banking platform. They were looking for a high-quality, cost-effective platform to meet their business needs and combine different banking features. Besides standard functionality, Finductive required specific integrations with payment service providers – usually not included in the out-of-the-box solution.

Fully customised Advapay Digital Core Banking solution:

Having evaluated different providers, Finductive selected Advapay and its Core Banking solution. Advapay’s technologies secured a fully customised solution to meet Finductive's needs, including different customisations for the basic configuration, new integrations with new payment services and AML/KYC service providers chosen by Finductive. Additionally, Advapay implemented a Mass Payments feature to enable Finductive customers to pay out to a large number of partners or suppliers with just one click.

Followed by the integration, the company also signed an SLA to entirely rely on the solution support by Advapay`s team and minimise the necessary involvement and resources of their internal IT team.

The complete solution includes:

• Onboarding, AML/KYC solution

• Accounts and IBANs generation

• Transfers & Payments

• Currency exchange and rates

• Tariffs, fees

• Branded web banking application

• Different integrations

• Mass payments feature

• Back-office with inbuilt accounting, reporting, alerts, notifications

“It was a pleasure to work with Finductive for this project. We successfully managed to implement all Finductive`s requirements and helped them start their Digital banking business,” says Gustav Korobov, Sales Executive at Advapay.

“This fruitful partnership got off to a good start, and we, at Advapay, are happy to continue supporting their growth today and, in the future.” “With Advapay`s Core Banking solution and their personalized approach, we can focus on our growth and tailored customer experience that differentiates from the one offered in the market,” says Julian Goffin, Director & CEO at Finductive. “We have great plans for the future, and we hope that Advapay will support our business to move forward and succeed.”

Finductive merges online banking and payment services – with a streamlined experience, less hassle and perks that give you the most value for your finductive account. Enabling clients to focus on the things that matter! More: https://www.finductive.com/