Business recovery is the prevalent theme for most if not all MSMEs this 2021. Now more than ever, they will rely on their incumbent banks to provide them with financial conduits so that they can revive their businesses in the months to come and banks will play a crucial role in their recovery.
Micro to small businesses is the lifeblood of most Asian economies. As MSMEs ramp up for revival, they are looking forward to the incumbents to provide them q quick access to loans, credit, savings, and checking accounts. Therefore, banks have a central role to play in making economies and lives of people go back to normal. Apart from providing financial services and advisory services for SMEs, banks and Payment Service Providers will play key roles in supporting government policies that aim to get businesses back on track. For Financial Institutions to do this, the right platform is needed that lessens the manual friction that is associated with legacy systems – and well call this platform OmniPLUS+
OmniPLUS+ is a next-generation all-in-one mobile and internet banking platform for retail and business banking. Aside from the normal services of deposit accounts, business banking accounts, business cards, and other financial options including lending, OmniPLUS+ can get your business banking unit to a new level of servicing businesses and corporate customers with “Bank as a Service” a powerful payment and settlement interface that acts as the brain function of the platform enabling complex local and global payments and commission schemes and handling. OmniPLUS+ is a globally trusted, reliable, and secure platform.
Through the digitalized service offerings, and automation of payments and processes, your Financial and Payments Institution will be able to remove traditional hindrances caused by manual processes repurpose resources so that you can focus on servicing and acquiring new customers. Our platform has all the necessary features that lessen customer friction in customer onboarding – from electronic document submission, customer due diligence, AML, transaction, and fraud monitoring. By removing all the blockers and automating processes, banks will improve the propensity of MSMEs to engage with trust, speed, and security.