Upgrade to the Future – Innovative Wealth Management through Smart Integration
March 26, 2025. In a digitalized world, banks face the challenge of adopting innovative technologies without modifying their existing core banking systems. The combination of Fincite’s wealth management software and Knowledge Lab’s integration technology provides the solution.
Why Innovations Often Fall by the Wayside
Many banks want to modernize their wealth management, making it more flexible and cost-efficient. However, the fear of having to make deep changes to the core banking system in order to implement a new solution holds many banks back. Transformations require time, resources, and bring technical challenges. That said, with targeted strategies, the effort, costs, and complexity can be significantly reduced, making the entire process much more efficient and seamless.
Smart Integration Instead of Extensive Overhaul
The new partnership between the two fintech companies, Fincite and Knowledge Lab, combines the best of both worlds: Fincite’s modular wealth management solution, CIOS, paired with Knowledge Lab’s powerful Integration Lab, enables seamless integration with existing core banking systems—as a SaaS offering, at that. The core idea of this unique solution? A smooth and efficient connection without the need to modify the existing system architecture.
Why This Approach is Unique for Banks
- Time-to-Market: Banks can launch new applications and services within just a few months.
- Cost Efficiency: Standardized and quick integration significantly reduces the effort and costs associated with integration projects.
- Flexibility: The expandable data model and APIs provide a tailor-made integration that perfectly adapts to the bank's specific needs.
- Customer Satisfaction: Intuitive and powerful tools assist financial professionals in developing personalized investment strategies and delivering optimal service to their clients.
- Accelerated Innovation Cycles: The SaaS approach ensures continuous development and quick deployment of new features.
“Banks willing to embrace innovative paths can make their transformation easier and faster than they might expect.”
Christian Hanke, Director of Account Management at Fincite.
“Through our Integration Lab, banks can efficiently realize innovations and drive their digital transformation without needing to change their existing systems.”
Adrian Bregy, CTO of Knowledge Lab.
Are you ready for the next step into the future?
Contact us so we can assist you.
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