FINNOVA OPEN PLATFORM

The central objective of the Finnova Open Platform – the newest element of the Finnova Banking Software – is to support banks' digitalisation strategies. This part of the Finnova Banking Software is an enabler for open banking – in whichever specialist topics – and the response to digital excellence in the understanding of end-to-end processes. Implementation does not take place alone, but rather together with strong partners in an open ecosystem. Finnova thereby provides suitable responses to digital trends and actively builds on next-generation banking.

The Open Platform makes the Finnova ecosystem more accessible to customers, partners and third-party providers. It embodies the openness of the Finnova Banking Software and its solutions.

In times of fast and profound change, innovation and agility are sought-after qualities. In order that the Finnova platform can better satisfy these needs, the Open Platform ensures systematic opening up to partner solutions, customised developments or third-party products, as well as functioning orchestration. The Open Platform (formerly Finnova Solution Suite) is the latest addition to the Finnova product family and is being further developed.

Consistently digitalised and industrialised banking will be possible in future if solutions can be built, orchestrated and operated to be compatible with XaaS. The Open Platform product groups target different stakeholders in the innovative ecosystem with their specific needs and requirements – from customised developments to the integration of third-party solutions, through to the comprehensive orchestration of client processes and flexible, efficient and scalable operation.

Simon Kauth, Chief Development Officer

Simon Kauth, Chief Development Officer

“We are continually reducing time-to-market in Software Development. Our focus is on recruiting and further training software specialists, the use of new agile development methods and new technologies as well as compliance with stringent architectures.”

Finnova Banking Software

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

Finnova Banking Software

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

Solution Integration

Thanks to the architecture of the Finnova Integration Layer (FIL), the consolidation and further development of the existing interface solutions make it possible to efficiently and securely connect new and innovative solutions and services (e.g. robo-advisory, peer-to-peer solutions, self-service solutions) to the Finnova platform, and to integrate them into the Finnova Banking Software. With this specialist and technical integration, banks can seamlessly use these new solutions both in-house and externally. Finnova offers two different possibilities for this integration:

  • Integration of the third-party product via standardised FIL Integration Services (IS)

or

  • Integration of the third-party product via a FIL Business Service Adapter as part of the implementation of a project-specific or third-party product-specific solution

In future, Finnova aspires to gradually provide certain functionalities of the Finnova Banking Software as services as well. This offer will be established and developed bit by bit in the coming years.

Orchestration

The orchestration of the core solution, non-core systems and services is one of the central requirements for banks' IT. Finnova supports banks with Finnova products and the possibility of simple connection and integration of third-party solutions. This requires a solid architecture, which can be further developed, as well as the use of modern technology. Both aspects form the basis for efficient operation.

The seamless integration of the various channels requires holistic orchestration. Finnova is positioned a cross-channel orchestrator of end-to-end banking processes, thereby bringing together banks, end clients, partners and fintechs.

As part of the Open Platform, Finnova customers will be able to automate their business processes efficiently and flexibly on the basis of the Finnova Orchestration Engine. Processes can be managed and adjusted from start to finish, thus enabling cross-channel customer journeys. The Finnova Orchestration Engine supports the automation of end-to-end banking as well as the consistency of processes across the various solutions involved.

Master data management

Master data management enables the central provision and aggregation of bank data. It ensures that third-party systems are supplied with data from the Core Suite in a timely and needs-oriented manner. Depending on the requirements of the third-party system, it can be directly connected or a copy can be provided for it. Thanks to the flexible architecture, the solution can be conveniently developed and extended to an operational data store for further systems.

Finnova Services Offering: Data Warehousing for reporting and analytical CRM

Our DWH framework developed with customers is designed as a starting point for the analysis of existing Finnova data, and uses standardised interfaces. Depending on the customer's desired perspective, our analytical data services mainly focus on the identification of sales opportunities, the use of cost-saving potential and the integration of additional data resources for innovative big data analyses.

Runtime Environment

For the IT integration of systems, Finnova provides tools and frameworks developed in-house for more efficient technical implementation and operation. All partner companies in the Finnova ecosystem – providers and users alike – can benefit from this. Among them are products from the following areas:

Operating environment 'OMEGA'

Finnova addresses the challenges of digitalisation by using the new Omega technological platform, which is based on current technological possibilities and concepts. Whereas the Core Suite and the associated components can be operated as individual systems, Finnova views the Omega platform as a system that can be operated in a self-contained way.

Thus, Finnova will deliver the service layer of this platform and the associated recipes for starting/stopping the platform as part of the Finnova software. Operators and Application Management always have the possibility of integrating further components into the new system in the same way ('Individualisation'). In the future, by shifting the complexity to the new platform, integration projects of third-party and non-core systems can also be implemented more easily, more cost-effectively and, above all, with less risk. The shorter deployment cycle also represents a central element of the container-based operating environment, achieving agility and capacity for action.

Quality Assurance Framework

For testing and acceptance of systems and functions. Due to the complexity of banking systems and processes, the development of software and the integration of software components require good and broad coverage of the test functionality with stringent tests and high-quality test data of varying granularity (unit, end-to-end, performance tests, etc.). Effectiveness is thereby taken into account in further development. In the future, Finnova's experience will be incorporated into integration or in-house development projects in the form of the Quality Assurance Framework for testing, and customers and partners using the Open Platform will reap the benefits.

Finnova Services Offering: QA Services

Finnova QA Services revolutionises test automation thanks to innovative methods for the creation and maintenance of test cases. Cost savings make room for even better quality assurance. Step-by-step, a flexible modular system is created so that various testing frameworks and tools can be used and connected to each other. Part of the test automation effort is performed centrally by Finnova. This enables customers to create new test cases more quickly and to adjust existing cases to the latest release or parameterisation status in an efficient and cost-effective way. The Finnova Banking Software can thus be tested earlier and more extensively, which results in fewer incidents in production. The first service package provides services for automated GUI testing on the basis of the Unified Functional Testing (UFT) tool of Micro Focus.

Certified Runtime Environment

For the operation of the Finnova platform. The operation should be simpler, more efficient and more cost-effective in future – whether in the productive or test environment, in the data centre or in a third-party cloud environment. It will be possible to connect new solutions to the Finnova Banking Software more simply and cost-effectively, and to operate them with a high level of performance and stability.