The importance of time to the market is often explained in numbers.
Fast innovators are reported 18 times destructive, and when new products are put on the market, at least 30 % of profits have produced more sales.
Good old speed games are played in many industries, including card issuance.
The needs for the speed of the card issuer are at several levels, we are Openway Please see this directly because the WAY4 card management software is used by top banks, processors and fintechs around the world.
In fact, prompt product development is the highest priority.
It gives the best results if you are supported by accelerating instant digital interactions with customers, quick transitions, and new market entry.
Accelerate the time to the market with a flexible product structure
To become a quick innovator, the Openway client depends on the highly configured rule -driven Way4 platform.
Create a new product using a flexible parameter instead of a hard coding.
This includes price setting, installment payment, multiple currency accounting, credit restrictions, interest calculations, exceptions, fees and fees, the validation period of authentication, risk operation, workflow, etc.
Approximately 95 % of WAY4’s product functions can be parameters compared to 30-40 % of competitive systems.
With this flexibility, the publisher can quickly innovate the common products of the new business model.
In Europe, Way4’s basket data analysis functions can help convert the basic prepaid cards into social aid devices with flexible expenditures.
Our clients are piloted by ENFUCE and French Fintech Welcome Place with refugee visa brand cards.
The transaction of these cards can be immediately reduced by the publisher of a specific place (eg, the game), but is accepted by approved merchants.
Client in the Dominican Republic, where low -income families provided financial support in 2020 BANESCO It took less than a month to process the side of the issuance and to actually distribute more than 1 million cards to more than 1 million cards.
At the time of the client Oman National Bank Providing a reloadable prepaid card to travelers, and quickly configured the daily restrictions of instant self -service onboard, advantageous FX rates, and customer control.
Thanks to the flexibility of Way4 Equity Bankenia It was the world’s first one that enables interoperability between the payment card network and the main digital wallet eco-systems M-PESA.
The impact of breakthroughs on the impact of flexible product composition on the market is Greek National Bank,
“The concentration of Way4 card business can quickly respond to new market trends and have more competitive in the open banking environment.”
Completely online processing of 24/7 for impatient card owners
The card owner requires a fast service, which is a standard that is achieved in the Openway card issuing solution, no matter how complicated the request is, no matter how complicated the request.
Way4 was completed in a few seconds, even if the publisher was onboard to a new BNPL customer, issuing a BNPL card, and calculating the repayment plan.
You can also get various data from the external system in real time. To generate a personalized offer, the client net, a issued processor in the NEXI Group, examines customer bank statements, bills, investigations, social media websites, e -commerce, and mobile money sorting.
In the case of a multilay currency card, Way4 routes transactions to a specific currency account according to the rules composed by the publisher in advance.
This can be an account opened in a Way4 or integrated core banking system. This routing does not cause the cardowner’s delay.
Technically, such efficiency requires reconciliation and accounting from online, 24 hours a day, and this is where Way4 architecture is unique.
All data stored in the internal and integrated external systems is analyzed by Way4 online financial core.
All appropriate processing rules are applied immediately according to the optimal scenario.
After transferring credit portfolios to Way4 in 2023, Asian consumer financial brands jivf Reported,
“The new JIVF payment system built based on the highly composed WAY4 platform with integrated online back and front office operation guarantees digital first customer experience.”
CMS migration or release from zero -How long is it?
Innovative projects often include a considerable amount of time.
According to Forbes, Openway is dealing with a unique approach to “enhancing the possibility of success when providing complex digital conversion projects in a rapidly changing environment”.
This approach has made success. Timo Digital bank.
In just four months, we supported the release of infrastructure on AWS. WAY4 managed the life cycle for the complete digital card issuance and payment, and provided a complete API set to the external system.
Replacement of legacy systems may be as fast as possible. In 4 months Tsesnabank Moved from SMARTVISTA of BPC to Way4 card management platform.
The bank immediately noticed that it had a positive effect on its operation efficiency.
“Thanks to Way4, we have removed many unnecessary duplication, checks, and business processes. We now have more time and ability to develop payments.”
A more complicated project, which had to replace the fragmented infrastructure inherited from two financial institutions, did not take six months to move to Way4.
All publishers who use Way4 have the need to meet the speed at multiple levels, but each has a list of unique requirements, and the list increases over time.
Before a new project, work closely with the client to create a solution blueprint, assemble a project team, and agree to the MVP, detailed range, and time frames.
The insights of Openway experts to the table support the bank, processor, or FinTech’s most efficient path in the card business acceleration in combination with the power of the Openway Card issuance solution.
