FINNOVA BANKING SOFTWARE AT A GLANCE

The Finnova Banking Software is a comprehensive front-to-back software product for retail, universal and private banks. A consistent process orientation and a modular architecture enable a flexible adaptation and integration of the business functionalities required by banks, their clients and BPO providers today.

New product and services brochure is available now

Not only will you find extra topics such as 'Digital Experience', 'Analytics' and 'Open Banking' in this year's edition of the brochure, but also software code set to rhythm and music.

Finnova Banking Software - Smarter Banking

Check out heuer.finnova.com for additional information on the visuals, the sound elements generated from the code and software analysis, and on communication designer J. F. Heuer. Have a look: heuer.finnova.com

Value Creation Processes

In times of transformation towards digital excellence and increasing competitive pressure, banks are required to focus on the market services that create added value for their clients, and for which their clients are therefore willing to pay an appropriate price. This means banks can optimise their profitability via the added value generated. The turnover of the banks is primarily composed of the three following value creation processes.

  • Payments
  • Financing
  • Investments

Management Processes

The effective control of a bank and fulfilment of compliance requirements front to back require clearly defined processes along the value added chain of a bank, as well as consistent data storage and aggregation:

  • Bank management
  • Compliance
  • Business process management

The Finnova Banking Software is divided into three user-oriented product suites, supplemented by the Open Platform, which itself is divided into product groups (see chart bellow).

Smarter banking with three coordinated business suites and the Open Platform

The Finnova Banking Software is divided into three business suites and the Open Platform. The suites address fundamentally different stakeholders.

  • As its name suggests, the Core Suite stands for the central element of core banking and is the real backbone of the Finnova Banking Software for achieving high-performance industrialisation and digitalisation and ensuring 24/7 operation of straight through processing in real time. The other two suites build on this and focus accordingly.
  • The Client Engagement Suite ensures the interaction between client and bank. It includes all channels, self-service offers in the portal, e-banking and mobile banking, as well as processes managed by advisors or service centres at the teller.
  • The Management Suite constitutes the information and management centre for the bank management, which gets the maximum out of data using analytical approaches.
  • The Open Platform is the link within the Finnova Banking Software and to customised and third-party solutions. We commit to high consistency of business processes across the whole Finnova Banking Software, up to and including partner applications.

Finnova Banking Software

Solutions for Smarter Banking

Strategic Focus
Digitalisation
Industrialisation, Standardisation
Data, Analytics & Compliance
Ecosystem

Finnova Banking Software

Solutions for Smarter Banking

Strategic Focus
Digitalisation
Data, Analytics & Compliance
Industrialisation, Standardisation
Ecosystem

Finnova Banking Software Smarter banking with three coordinated business suites and the Open Platform

The Finnova Banking Software is divided into three business suites and the Open Platform. The suites address fundamentally different stakeholders.

  • As its name suggests, the Core Suite stands for the central element of core banking and is the real backbone of the Finnova Banking Software for achieving high-performance industrialisation and digitalisation and ensuring 24/7 operation of straight through processing in real time. The other two suites build on this and focus accordingly.
  • The Client Engagement Suite ensures the interaction between client and bank.
    It includes all channels, self-service offers in the portal, e-banking and mobile banking, as well as processes managed by advisors or service centres at the teller.
  • The Management Suite constitutes the information and management centre for the bank management, which gets the maximum out of data using analytical approaches.
  • The Open Platform is the link within the Finnova Banking Software and to customised and third-party solutions.

Finnova Client Engagement Suite

The Client Engagement Suite addresses the interaction with clients. Its central task is the best possible support of banks in client communication on all channels available to them. The orchestration of processes and content in the interaction with clients is of utmost importance. This ensures consistency across all channels as well as a user experience optimised for digital excellence, and offers banks the possibility of flexibly equipping the available channels with functionalities and process steps.

The Client Engagement Suite is currently being expanded with a focus on investment. We take into account the increasing demands of end clients in mobile banking and e-banking, and support innovations in the area of ATMs and the connection of market places. In the area of external asset management and in the repositioning of our customer banks in the local branch business, we also offer attractive solutions which enable banks to differentiate themselves on the market using modern information and communication technologies. This use of technology also requires a new generation of workplace for advisors and service centres to support them in their daily sales activities. This workplace is role-based and offers an integral client and advisor perspective, as well as enabling a direct change to various advisory tools in the areas of financing, investments and pension provision.

Finnova Core Suite

The focus of the Core Suite is on transactionality and the data master role. A high-performance, robust core application designed to provide the highest degree of automation and standardisation is an indispensable asset for financial services providers. The functionally rich, integrable and modularised Core Suite fulfils the requirements imposed on core banking.
The Core Suite is the central workplace, above all for the middle and back office, as well as for our BPO partners. It is and remains the backbone of the Finnova Banking Software and comprises the known specialist modules.

The structure of the Core Suite covers all modules with payment transactions, financing, investments, portfolio management, basic products, client and advisory processing. The master data retention is located here accordingly. For example, client master, card administration, interest rates, fees, charges and limits are integrated here. The parameterisable process management guarantees the banks an efficient and individual integration.

The focus of the Core Suite is on the quick and comprehensive processing of all business cases and the unrestricted, role-based access to all data, as well as the fulfilment of operative security requirements in real time.

Finnova Management Suite

The keyword of the Management Suite is 'interpretation'. The use of all available data to be able to make informed decisions is a main task of the Management Suite. This also takes place with analytical tools under the heading of artificial intelligence and machine learning. In particular, the Management Suite also addresses needs in the areas of integrated bank management such as financial and company accounting, risk management, compliance and legal reporting, and is thus the comprehensive instrument for bank and risk management.

It pools analyses and reports and in addition, its functionalities cover the ever-increasing compliance requirements in the banking sector.

Finnova Open Platform

The Open Platform makes the Finnova ecosystem more accessible to customers, partners and third-party providers, while enabling them to design their own ecosystems. It embodies the openness of the Finnova Banking Software and its solutions. In times of ever faster change, innovation and agility are sought-after qualities. In order that the operated Finnova solution can better satisfy these needs, the Open Platform is being further designed and developed on an ongoing basis in close cooperation with key players in the Finnova ecosystem.

Digitalised and industrialised banking will be possible in the future if solutions can be built and operated to be compatible with XaaS. The Open Platform product groups target different stakeholders in the Finnova ecosystem with their specific needs and requirements – from customised developments via Solution Integration to quality assurance and high-performance, cost-effective operation.