Comviva has announced the launch of its transformative Low-Code/No-Code Platform. An extension of its existing mobiquity® platform, aims to revolutionize the development landscape for Financial Institutions, including Banks, FinTechs, and Digital Wallet providers.
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The new platform will enable Financial Institutions to quickly adapt to market shifts, regulations, and evolving customer demands. With the ability to visually construct user journeys and workflows, alongside seamless integration capabilities with third-party systems, this platform promises to accelerate innovation and streamline operations. It will facilitate rapid adaptation to emerging requirements, significantly reducing time-to-market for new features. Moreover, with the potential for a 30%-40% reduction in deployment time, it will lower development expenses and enhance productivity.
Srinivas Nidugondi, EVP and Chief Operating Officer, Digital Financial Solutions at Comviva, expressed, “Our new Low-Code/No-Code Platform marks a path-breaking advancement in the digital banking and wallet space, poised to revolutionize service design and deployment by Banks, FinTechs, and Digital Wallet providers. Organizations today face challenges due to the rapid assimilation of new technologies and substantial investment required to introduce new services. Our innovative platform offers a simplified development cycle that significantly amplifies productivity, accelerates innovation, and diminishes time-to-market. The new platform will enable organizations to seamlessly address increasing customer demands using intelligent native services and develop and deploy new digital applications quickly and efficiently.”
Comviva’s next-generation low-code platform goes beyond configurations to simplify the process of connecting systems, mapping data fields, and defining user journeys and workflows. It includes features like Service Flow Composer, Channel Composer, and Integration Flow Composer, which assist users with diverse technical backgrounds in effortlessly creating/modifying services, building applications, and integrating with third-party systems without the need for coding efforts.
Comviva’s mobiquity® platform is the global leader in digital payments, with 90+ deployments in over 50 countries, processing USD 250 Bn annually. It powers consumers, merchants, businesses, and banks globally, enabling Telcos and Fintech companies to leverage its capabilities. The platform provides an array of functionalities, ranging from digital onboarding to bill payments and merchant transactions.The post Comviva Redefines Development for Fintechs with New Platform first appeared on IT News Africa | Business Technology, Telecoms and Startup News.