The digital bank of tomorrow. Here today.
40% higher development productivity
In just three months, you can complete the initial feature setup for a virtual banking operation. Be quick to enter new markets and cut down operational costs, by leveraging BankLiteX as part of your digital banking strategy.
Collaboration
Developed by GFT in collaboration with Thought Machine, running on Amazon Web Services (AWS), BankLiteX gives you a jumpstart to help you reduce the time to market, de-risk the project and optimize the return on investment (ROI) of your new digital journey.
A simple and effective solution to your challenges
De-risk projects:
- Pre-defined operating model: digital channels, core functionality and third-party integration on the same cloud infrastructure
- Focus on your customer experience (CX) and process-specific requirements
- Deployment in multiple countries with minimal changes
Accelerate time-to-market
- Standardized state-of-the-art business processes
- Distributed teams across time zones
- Data integrity
Become a platform
- Cloud- and microservices-ready – full security stack included
- Reduced cost of ownership and service availability
- Robust technology stack
Reduce operational costs
- Reduced initial setup time for first features from six to three months
- Improved development productivity by 40%. New products are ready to deploy in a few days
- Controlled and predictable costs
Flexibility and collaboration by design
Designed with a building block architecture and pluggable components, based on GFT’s Digital Bank Launcher
accelerator, and leveraging AWS cloud-native services, BankLiteX provides you with a basis to jumpstart your digital bank.
Solution components
Thought Machine Vault is the core banking component providing the business logic, workflow engine, product management (smart contracts) and configuration.
AWSAWS provides a secure, scalable and innovative platform in the cloud enabling new digital banks to meet regulatory requirements and develop new business models.
BankLiteX provides all the building blocks to deliver the digital channels, as well as the banking platform to support integrations with external service providers and the fintech ecosystem.
The platform implements an API-based bank-as-a-service approach that delivers a seamless service across third-party apps, products, microservices and custom-made software. It also enables a multi-core banking system approach to de-risk migration.
BankLiteX is based on modern technologies enabling collaborative methods to ensure efficiency across business, UI/UX design, DevOps and operations teams.
A single development hub provides a unified repository for all projects, technologies and programming languages – enabling safe collaboration across all teams involved in a business feature.
Ready for the journey?
Setting sail with BankLiteX is simple.
The initial step is a half-day exploratory workshop to understand your current technology landscape and the challenges you are facing.
Whether you want to launch a new bank from scratch, extend your current platform or launch a new standalone service, take the first step and get in touch with us.
GFT positioned as a Leader in the 2024 SPARK Matrix™ for Digital Banking Services by Quadrant Knowledge Solutions
"With BankLiteX financial institutions are able to build custom end-to-end virtual banks in a very short time frame, minimizing risks and keeping operational and development costs under control."
"Building a digital bank from scratch should not be an insurmountable task. With Vault as the core engine, AWS providing the infrastructure and GFT supplying their expertise – banks can go to market faster and at a lower cost than ever before."
"BankLiteX provides dynamic scalability and ensures consistent quality and security across the full banking stack, from the core banking system to the digital channels and the integration with third parties."
