OpenCBS - Core Banking and digital transformation

Affordable, scalable technology for financial services

Kyrgyzstan
Market: Internet and IT, Financial services, Mobile applications
Stage of the project: Operating business

Date of last change: 05.03.2021

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Idea

Financial institutions need IT systems to operate. Those systems are expensive, they are complex and they are also restrictive.

OpenCBS has developed systems that are agile enough to serve clients in the way they want. Our Cloud-based Core Banking System is built around the needs of the people and takes the complexity out of banking. It is ideal for modern financial institutions. For those who cannot change their Core Banking System, we also have developed modular solutions that digitise key processes like customer onboarding or loan origination.

Current Status

15 live clients
US$800K of revenue
400,000 end-clients impacted

Market

Microfinance
Fintech (mobile wallets, digital lenders, EMIs)
Banking (lower end of the market)

Problem or Opportunity

Lack of affordable and simple IT systems for smaller size financial institutions

Solution (product or service)

Scalable, affordable SaaS Core Banking System and solutions digitising key processes.

Competitors

Mambu
Thought Machine
Musoni System

Advantages or differentiators

Simple UI
Project management
Cloud agnosticism

Finance

Initial customisation fee
SaaS fee

Money will be spent on

Product development
Credibility
Sales & Marketing

Team or Management

Alexis LEBEL

Owner

Incubation/Acceleration programs accomplishment

Startupbootcamp Fintech Dubai 2021

Presentation

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