Build reusable banking components, develop custom business logic, and leverage the low-code platform’s plug ‘n’ play model.
COMPOSABILITY:
THE KEY TO DIGITAL TRANSFORMATION IN BANKING
Shobhit Mathur
Senior Director And Category Head - BFS - WaveMakerIncreased digitalization and the advent of “anytime, anywhere” banking solutions, have led banks to view their digital infrastructure with a new lens. In order to remain significant in the rapidly evolving financial services ecosystem, they need a razor-sharp focus on 3 key aspects:
As they adopt “Composable Banking” and start collaborating with niche players, banks need a development platform that can provide the impetus to roll out newer personalized consumer journeys built over internal and external APIs.
Break down and componentize all business capabilities with WaveMaker’s prefabs and journeys—custom experience components that can be distributed, customized, and assembled via low-code to compose delightful, multi-channel experiences quickly and at scale.
Build a custom studio, rich with experience components for business developers/citizen developers across your enterprise.
Build customer engagement portals for “everyday” retail banking needs like virtual card management, deposit accounts, and loan management. Create centralized dashboards and management systems for multiple accounts for corporate clients.
Modernize internal applications like dispute management, resource management, credit & transaction history management, and cash management. Launch unique modern user experiences for employees and vendors in a cost-effective way.
Use low-code to develop your own (read: white-labeled) API-inundated platforms. Enable small and medium banking players in the ecosystem to design and deliver embedded finance services backed by banking infrastructure and compliance capabilities.
Banking apps built on WaveMaker, are based on a proven, globally adopted open standards-based tech stack, that keeps your apps fresh, up-to-date, and free from potential vulnerabilities. Developers find it easy to adopt and onboard on a platform based on well-known technologies such as Angular, Bootstrap, Hibernate, Spring, and more.
Banking is a high-volume business. The transparent developer-seat licensing model is hassle-free, simple, and non-constrictive; allowing teams to create as many applications as they want and deploy them wherever they want, lowering development and implied futuristic costs.
Free yourself from the clutches of lock-in and have complete control over your assets and applications—no limits on the number of applications or users. With no license restrictions on runtime libraries, you can deploy on any platform, not just WaveMaker’s.
WaveMaker app-generated code mirrors developer-written code. Extend and customize code and components without being tied to the platform. WaveMaker platform generates code that is clean, readable, has no hidden logic, no metadata, and nothing proprietary—just powerful capabilities and better control.
Extend and customize code and components without being tied to the platform. The Maven-compliant auto-generated app code can be exported and customized out of the platform into any IDE of choice, any time, any number of times.
WaveMaker allows multiple extension points that allow custom coding. Create your own Java libraries and import them into WaveMaker as a Java service. Build your own custom UI styling and extensions using JavaScript. Integrate any external AngularJS and jQuery UI controls into the WaveMaker platform as a drag-and-drop UI widget.
