In an omnichannel environment customers like to interact via the channel of their choice. FinConnect provides Financial Transaction Switching Solution which is a transaction routing engine for banks/institutions to drive their ATM, POS and Ecommerce delivery channels.
FinConnect provides easy to use, manage and control routing solution which can be customized as per the desired capacity & throughput. It facilitates Electronic Fund Transfer (EFT) in a cost-effective, flexible and efficient manner. High configurability and flexibility helps to develop and implement new and innovative products to keep pace in the competitive space of payment industry. FinCONNECT provides an interface to NFS of NPCI which enables domestic banks to be on a network of 2 lac + ATMs in the country.
ATMs have evolved as a popular self-service channel chosen by the customers due to convenience of extended hours availability and transacting in a secure branch-like environment. And Micro-ATMs extend the reach to unbanked and underbanked population and bring financial inclusion.
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Today, mobility has influence on every step of the shopping experience and touch every part of the value chain. E-Wallets, EMV ready POS, Tablet POS and m-POS are trending payment options in the marketplace which the customer expects as a part of financial services bundle. With large number of businesses going online, E-commerce & M-commerce are showing triple digit growth year on year and has impeccable impact on payments.