What is Fimple? Fimple Review, Features

What is Fimple? Fimple Review, Features

Fimple is a cloud-based, composable core banking system for financial institutions that uses the principle of "Financial Functions as a Service".


About Fimple

  • Fimple is a fintech startup based in Istanbul, Turkey, that provides cloud-based technology solutions tailored specifically for financial institutions, especially digital banks. With its cloud-based technology solutions, Fimple helps digital banks and other financial institutions implement Banking as a Service (BaaS) and build platform business models and key systems.

  • Fimple is a product-centric company that solves problems for financial sector players by creating cloud-based systems with next-generation technology and business needs.

  • Fimple proposes a native API composition financial solution based on SaaS architecture and cloud-native microservices. By using Fimple Transaction Composer, banks and financial institutions can develop/reconfigure products and services and provide them to customers and fintech partners.

  • According to Fimple's official website, the platform provided by the company helps financial institutions create any financial product or service using a coding-free interface. Fimple was founded by Gundebahar and Abdurrahman Cinar in March 2022. By August, the startup already had a diverse team of 30 experienced engineers specializing in all aspects of banking technology.


Fimple's Solution

1. Purely digital banks

Fimple's advanced technology is committed to providing customers with the best digital banking experience. Through Fimple digital banking, users can provide all their banking needs in one place anytime, anywhere.


2. Investment Bank

Fimple helps users leverage new technologies such as open APIs and agile development practices to quickly respond to the changing needs of clients and stakeholders. Fimple's investment banking capabilities are comprehensive and unparalleled, providing users with end-to-end solutions across multiple disciplines, including mergers and acquisitions, investor relations, financing and transactions.


3. Buy now, pay later

Fimple BNPL infrastructure solutions ensure that users' customers are provided with affordable, flexible and transparent financing solutions, not just loans. An easy-to-use and inclusive risk management tool, Fimple's cloud-based platform is provided as a service for banks and non-banks, optimizing the sales cycle by embedding variable installment loans at the point of sale.


4. Consumer finance

Fimple provides lending solutions that allow users to enter or expand into personal and commercial lending. Built on a cloud-based platform, it provides users with an easy-to-use yet powerful solution to create, originate and manage multiple personal and commercial loans in real time. As a result, users gain greater flexibility and are able to expand their lending business based on customer demand.


Advantages

1. Cloud technology

Fimple streamlines financial functions, simplifies finance, and as a born cloud fintech, provides basic financial services such as remittances, foreign exchange, loans and deposits in an affordable manner.


2. Compliance

Financial system authorities impose excessive requirements. New entrants, mainly ambitious fintech companies, are struggling to comply with regulatory obligations.


3. Competition

It takes a long time and money for organizations to develop new products, and Schindler is no longer intolerable for existing businesses.


4. Simplicity and pimples

For existing giants, Fimple provides a parallel modern core and is an effective way for banks to modernize their operations.

With Fimple, defining, configuring and launching new outstanding financial products is simple.



<<:  What is Mopay? Mopay Review, Features

>>:  What is Socotra? Socotra Review, Features

Recommend

Sellers beware! Google identity verification scam

Identity verification is very common around us. I...

What is Meiheng Supply Chain? Meiheng Supply Chain Review, Features

Meiheng Supply Chain (Zhejiang Meiheng Supply Chai...

Egypt's e-commerce market to reach $3 billion, with new changes in buyer behavior

Egypt’s e-commerce market is expected to grow 33%...

Walmart's Q2 earnings beat expectations, but online sales growth slowed

On August 17, Walmart released its second quarter...

Mobile device online shopping has become a popular way for Italians to consume

In Italy, the smartphone penetration rate is abou...

What is KeYouYun? KeYouYun Review, Features

Keyouyun ERP is a brand under Zhiliu Technology. I...

What is OpeningCeremony? OpeningCeremony Review, Features

Opening Ceremony is one of the most successful bou...

What is Express Logistics? Express Logistics Review, Features

Shenzhen Kuaijie Supply Chain Management Co., Ltd...

Walmart is the best alternative to Amazon, growing faster than Amazon

Walmart is the best alternative to Amazon. As we ...

Amazon changes clothing product attributes again, sellers: It makes no sense

Recently, Amazon US released an announcement stat...