Prelim, a fintech provider optimizing digital banking experiences for financial institutions, announced proprietary framework technology that allows banks and credit unions to connect to any tech company, including major vendors, via a single line of code.
Traditionally, community-based financial institutions in particular have been challenged to create thousands of lines of code (either by an in-house or outsourced IT team) to connect disparate technology systems within an institution’s technology stack. With its latest enhancements, Prelim provides bankers with a more efficient and user-friendly process for making these connections, and in doing so, provides greater control over the digital banking ecosystems of their institutions.
For financial institutions using Prelim, the platform can essentially serve as a connector between the central system of a bank or credit union and its mobile banking, digital account opening, commercial banking, management cash flow or any additional technology that plays a role in the customer journey. .
âMy experience working with financial institutions of all sizes has shown how important it is to have both the flexibility and scalability to manage connections between different vendors and systems,â said Marcio DeOliveira, CTO and Chief Digital Banking Officer of Climate First Bank. âThis Prelim enhancement gives FIs this ability and level of control by allowing any bank or credit union to quickly and easily connect all of their preferred technologies and systems. “
âWe enable community financial institutions to compete more effectively in the marketplace by delivering a modern and efficient customer journey by leveraging easy-to-use API connectors,â said Heang Chan, CEO and Founder of Prelim. âToo often, the digital transformation initiatives of banks and credit unions are hampered by operational challenges and the level of resources required to carry them out. By distilling system interfaces into a single line of code, we bring a new level of accessibility, control and convenience to financial institutions when implementing their digital roadmaps.