THE POWER OF SPINOFFS
The transition from legacy information technology to an open-architecture digital banking platform, that operates in real-time, requires a completely new way of thinking.
At TagPay Inc. we have successfully accompanied banks in their digitalization process, with spinoff projects. Once the bank identifies a new market segment with specific needs, it creates a new banking product and sets up a mobile digital bank, powered by the TagPay platform. This mobile digital bank is run independently from pre-existing IT, with its own database. New clients are enrolled on the new TagPay platform.
With this spinoff approach, banks can experiment and deploy innovative services without jeopardizing existing operations. They benefit from all of the features and processes of a digital bank, with low financial and operational risks.
HOW DOES IMPLEMENTATION OF A TAGPAY PLATFORM WORK?
First, just dream
Describe the bank you are dreaming of. Which partners do you want to connect to, which digital financial services do you want to deliver, which market segment do you want to reach? TagPay will bring you the technological solution.
Before launch of operations, a Project Manager of the TagPay team comes on site for a week of training with the new digital team.
Once in operation, TagPay clients have access to round-the-clock support.