The Challenge
A prominent Fintech was looking for strategic investment in Payment Switching Technology Provider and wishes to assess the technology and business potential to expand Switching Capabilities to a full-stack Payment Platform.
Program Brief
The following outcomes were expected from the project to provide insights into improvement across:
- Functionality
- Scalability and Resilience
- Readiness of API interfaces
- Current technological capabilities to serve the target segment
- Regulatory compliance focused on the technology of the NBFC systems
- Cybersecurity
- Review of software licenses and related documentation
- Commercial model of the business to support current & future business growth
The Digital Fifth’s Approach
- Walkthroughs Discussion on documents and Planned for an on-site visit for scoping exercise
- Application/system/Architecture walkthroughs for UPI, BBPS, AePs and TransXT.
- Walk through of user journeys and assess interfaces
- Walkthrough of processes and policies
- In-person Interviews/workshops with Payment Switching Technology Provider teams
- Study of Alignment of Technology Stack & Architecture with business roadmap & strategy
- Defining & Building an Improvement Plan for Architecture, Platform, Integration
Our Solution
- Technology and Commerical Due Diligence Report
- Compilation of Observations- Practices followed, areas of improvements; with SWOT analysis
- Opportunities for integration to improve journeys
- Alignment with Industry best practices
- Roadmap Review and Must have recommendations.
Partnership Facilitation
Enabled successful collaboration by facilitating agreements between the fintech and Finacle EdgeVerve, aligning both on strategic and technical fronts.
Market Signal Strengthening
Drove visibility and momentum by supporting the announcement of the “Partnership with Finacle CBS,” enhancing ecosystem credibility.
Fundraising Enablement
Boosted investor confidence, with the partnership announcement contributing significantly to the fintech’s journey toward unicorn status.
