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Why go for custom banking software development?
Banks are faced with stiff competition from fintech startups, therefore they need to be like a startup and be more agile in their custom software development. Digital transformation involves rolling out digital offerings that empower customers and agents to transact more seamlessly and ensure the business is more scalable and sustainable.
What kinds of apps can I build?
There’s a myriad of custom apps that you can build with AI using Xamun. We can build software for various banking industry processes, from smaller bespoke solutions like a Know Your Customer (KYC) app, or a full online banking app.
Financial Planning
Have a financial planning solution to assist customers in managing their finances and achieving their financial goals, with intuitive budgeting tools, goal tracking features, personalized investment recommendations, and/or comprehensive financial insights
KYC Processing
Build an app to efficiently gather, validate, and analyze customer information, ensuring compliance with regulatory requirements, minimizing fraud risks, and accelerating the onboarding process while maintaining data privacy and security.
Loan Application Processing
Simplify and digitize your loan application process. By having an app with an intuitive interface, document upload functionality, real-time status updates, and automated verification processes, you empower your customers to easily apply for loans, while enabling streamlining operations, improving efficiency, and providing a seamless and convenient experience to borrowers.
Loan Origination & Collection
Build a solution that facilitates end-to-end loan lifecycle management. From loan application and approval to disbursement and collection, this solution automates workflows, ensures compliance, enables efficient underwriting, and provides robust collection tools, empowering you to streamline your loan operations, enhance risk management, and improve overall loan portfolio performance.
Online Banking
Build a user-friendly and secure online banking platform that allows customers to access their accounts, perform transactions, and manage their finances conveniently from their mobile devices. With features like real-time balance updates, fund transfers, bill payments, and personalized financial insights, have an app that offers a seamless and empowering banking experience, putting the control of their finances right at your customers' fingertips.
Travel Card
Provide customers with a Travel Card solution that provides a convenient and secure payment option designed specifically for travelers. Allow customers to load multiple currencies, enjoy competitive exchange rates, and make hassle-free transactions abroad, offering a seamless travel experience.
Repossessed Asset Management
Build a platform that facilitates efficient management and disposition of repossessed assets. This streamlines the process of inventory tracking, valuation, marketing, and sale of repossessed assets, optimizing recovery efforts and minimizing losses while maintaining compliance and transparency throughout the entire asset management lifecycle.
Why choose Xamun?
Create customer- or external-facing Web, iOS, and/or Android apps using AI - fast, at fixed price, and you get to keep the source code!
Fully-Custom Software BUT Built Incredibly Fast
With the speed at which your competition (including startups) are innovating, you need to get software built at lightning speeds. Xamun’s app builder turns a prototype to working software in as fast as A FEW HOURS using AI & bots!
Fast like No-Code BUT You Keep the Source Code
With Xamun, you own the resulting source code. What does this mean? Your team has the freedom to update your custom software whichever way you want. Also, owning the source code lets you retain your competitive advantage because the IP is all yours.
Tailored to Your Needs BUT Pay Fixed Price
Outsourcing custom software development is oftentimes limited to time-and-material contracts which may not work well with your existing budget management processes. With Xamun, we accommodate a fixed price project engagement for every version of your custom software.
Frequently Asked Questions
1. Why create custom banking software?
Digital transformation is about creating unique experiences for end-users (like customers and bank agents) through custom software. This is why cookie-cutter digital solutions won’t cut it - you need an app that you can call your own, and we’re here to help.
2. What exactly does banking software do?
Generally, banking software involves transactions with customers, whether it’s applying for loan, financial planning, or performing other bank transactions. It also involves basic KYC and other administrative activities like document submissions.
3. What solutions can be built for banking?
Some of the top bespoke solutions built by the banking industry include Financial Planning, KYC Processing, Loan Application Processing, Loan Origination & Collection, Online Banking, Travel Card, and Repossessed Asset Management.
4. Is building custom banking software worth it?
Yes! Especially if you are building somehing that will facilitate smoother transactions between your customers and your agents/tellers or in-house team. While business management software can be bought, external-facing solutions need to be bespoke.
5. How much will it cost to make a banking software using AI?
It depends on what exactly it is that you want to build. Xamun has a cost estimator and other internal tools that will give you a much more accurate idea of how much it will cost you to build your custom banking software.
6. How long will it take to build a banking software using Xamun’s app builder?
If you have an existing Figma prototoype, building and deploying a bespoke solution for banking with Xamun can take as fast as a few hours. If you’re coming in with a fresh idea, it can take only 4-6 weeks!
7. Do I need technical know-how in creating a custom banking software with AI?
Not at all! As a service, Xamun will take care of all the technical stuff, and you just need to make sure all your business processes are covered in what we will build for you. At some point, we will release a DIY platform and in that case, your own tech team can directly build your bespoke solution on their own.
8. Are there hidden fees?
Absolutely not! We will be very upfront on the total cost of build as soon as you sign off the Figma design for your custom insurance software which will also include a detailed scope of how the app would work. Unless you have additional features to build, that’s the final cost.
1
Prototype using Figma
~2 WEEKS COLLABORATION
2
AI builds your software’s blueprint
~A FEW MINUTES
3
Our experts customize it
~A FEW HOURS TO A FEW WEEKS INTERNAL PROCESS
4
Bots bring everything together
~A FEW MINUTES
5
Ready for liftoff 🚀
~1 DAY COLLABORATION & HANDOVER
Build your app today
Xamun is a powerful app builder using AI & bots to quickly create software
