LCode Technologies: Assisting Banks to Cope Up with the Digital Transformation with Ease
The India Digital Banking Market is expected to grow at a CAGR of over 22 percent during 2019-2024. Factors driving the growth are many including large addressable demand, growing technological advancements in digital banking system and emerging technologies like AI, IoT. Banks, riding on the Digital evolution are opting for lesser branches and adopting digital channels to increase their reach, and offer multiple products seamlessly to larger population. The banking sector is in need of organisations that can help them in adopting the Digital experience, design unique solutions, offer flexibility of deployment, manage delivery, and ultimately be a partner to them.“LCode has carved out a special name in the space of Mobile Banking, UPI payments, Mobile Wallet and Digital Lending space. It has over 60 large and small Banks and Financial Insititutions using its products. LCode's organic growth is based on a solid delivery team, robust processes, founders experience and excellent connect within Banking and payments industry. LCode enjoys a strong and trusted relationship with all its customers,” says Kaushik Kumar, COO, LCode Technologies.
LCode offers its Reach Solution suite, a comprehensive digital Banking and lending platform. The solution suite has two separate UI/UX component base to satisfy the unique needs and requirements of browser and mobile devices intrinsically. The platform is backed by a set of open APIs that enables seamless integration with back end systems, while providing a common front-end request response mechanism based on REST standards.
The platform follows CI/CD principles ensuring the time to market for a feature is reduced greatly and changes can be made on the fly without affecting existing functionalities and extended downtimes. The Reach solution suite is hardened by a very efficient and scalable security layer that conforms all the OWASP top 20 Threat mitigations and provides a completely safe and secure shell for banking interactions. The audit trail of Reach Solution suite ensures comprehensive logging of requests and responses between user devices and server. The open standards followed in product engineering, supports multiple choices of deployment based on the clients requirements. It can be deployed as S-a-a-S or P-a-a-S, Private cloud, public cloud or on premise as per the requirements.
The salient features of LCode Technologies' the Reach Solution suite are a comprehensive list of 200+ retail and corporate banking services available off the shelf, integrated mobile passbook, expense manager and tracker, customized user limit setup, user customization of Features, Chatbot integration, intuitive search engine for functions and a comprehensive marketplace , readymade UPI Certified PSP app, Open and closed wallet services . The USPs of LCode Technologies lies in it's agile technological team for implementation and support, quick time to market for the solution, open architecture adaptation, extensive support for REST API, integration with all major CBS systems in India.
LCode, will very soon launch their open API offerings under 'Embedded Finance' COE, enabling Corporates, NEOBanks, Fintech players to integrate seamlessly with Banking and payment products. LCode plans to expand its product offerings to MEA and SEA regions starting January next year.
LCode is a reputable name in the space of Mobile Banking, Digital Lending and Payments space
The salient features of LCode Technologies' the Reach Solution suite are a comprehensive list of 200+ retail and corporate banking services available off the shelf, integrated mobile passbook, expense manager and tracker, customized user limit setup, user customization of Features, Chatbot integration, intuitive search engine for functions and a comprehensive marketplace , readymade UPI Certified PSP app, Open and closed wallet services . The USPs of LCode Technologies lies in it's agile technological team for implementation and support, quick time to market for the solution, open architecture adaptation, extensive support for REST API, integration with all major CBS systems in India.
LCode, will very soon launch their open API offerings under 'Embedded Finance' COE, enabling Corporates, NEOBanks, Fintech players to integrate seamlessly with Banking and payment products. LCode plans to expand its product offerings to MEA and SEA regions starting January next year.
