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Open Banking As A Service (BaaS) Youtap

Youtap Banking as a service Solution

The platform that enables your bank to launch new banks and financial service providers.

Banking As A Service

Youtap Banking as a service

Youtap’s Banking as a Service (BaaS) solution enables new banks and businesses to offer banking services to their customers through API access to core banking functions, white-label solutions, integration with other financial services, advanced security features, compliance with regulatory requirements, scalability, real-time data analytics and support for multiple currencies and languages. It allows businesses to increase efficiency, revenue potential, customer engagement, flexibility, scalability, and cost-effectiveness.

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Youtap
Youtap Banking As A Service

Benefits of our Banking as a Service Solution:

Summary features of our Banking as a Service Solution:

  • Standards based open banking platform
  • Rich APIs and SDKs for integration to third party service providers 
  • Conforms to industry standard security and AML protocols
  • Cloud delivered
  • Integrated e-KYC applications based on IOS and Android
  • Support for Customer Identity verification (Passport, National ID, Drivers license, Social Security etc), Facial recognition, Biometric recognition
  • Configurable OTP password support 
  • Configurable e-KYC parameters for data collection and validation
  • Configurable application feature support based on KYC levels
  • KYC administrator portal
  • Cross platform applications – IOS and Android ready
  • White-label ready to launch applications
  • Support for a range of applications including:
    • Digital banking – Consumer and Business
    • Account management Everyday, Savings, Loans etc
    • Card application and management
    • Payments (QR code, Scheme Card (ApplePay, GooglePay), e-Money payments)
    • Bill payment and Agency banking
    • Remittances and P2P transfer
    • Spend management, insights and analytics
    • Profile management and more
  • For Central banks launching Digital Currency or enabling e-Money Issuers, the platform provides Central banks with the features and functionality to enable centralized payment processing, management of payment providers including traditional scheme card processors, e-Money and digital currency issuers and processors to launch their service including regulatory licensing, e-Money switching and processing, AML/CFT, security and redundancy.
    • Support for all payment types including Digital Currency, e-Money Issuers, Scheme Card Issuers and processors
    • Least cost routing including On-Net and OffNet transactions
    • High transaction throughput
    • Defined and supported integration to Banks, Fintech and Payment Service providers
    • Management portals and user friendly web interfaces
    • Standards based with relevant security certifications
    • Cloud delivered
  • POS Switching and Routing with translation tables
  • On-net and Off-net routing
  • APIs and ISO-8583 support for integration to banks and payment service providers
  • National Payment Gateway integration support
  • Scheme Card and e-Money routing for processing
  • Integrated terminal management system
  • High transaction throughput (TPS)
  • Cloud delivered
  • Support for Online and Instore payments
  • Scheme Card and e-Money processing with support for QR code, Contactless and traditional EMV payments
  • Configurable routing with On-net and Off-net translation tables
  • Standards based with support for ISO-20022 and ISO-8583
  • High transaction throughput (TPS)
  • Cloud delivered
  • White-label Ready to use applications for IOS and Android
  • Merchant onboarding and e-KYC verification
  • Supply chain management, Inventory management, Payment processing, Cash management, Financial management including accounting and working capital management, Loyalty and Campaign management, Insights and analytics and more
  • POS support for a variety of POS including Verifone, Ingenico, PAX, Aisino, NewPOS and others
  • Agency banking module for remote and branchless banking
  • Self onboarding and e-KYC
  • Configurable Application enabling financial service providers to provider in App lending and payment requests and processing
  • Applications for consumer lending, business lending, merchant lending, buy now pay later (BNPL) and laybuy
  • Support for IOS and Android
  • Configurable APIs for integration with any third party lending platform
  • In-App messaging and OTP messaging
  • Card issuing and cardholder management
  • BIN management
  • PIN generation
  • Virtual and Physical generation and management
  • Card printing file creation with encryption
  • Integration with Online Banking and Digital Wallet for card issuing and management 
  • Reports and Analytics
  • Administration reports
  • Customer reporting and analytics
  • Merchant reporting and analytics
  • In-App customizable reports and analytics
  • Administration Portal
  • Customer Management Portal
  • Merchant Management Portal
  • Merchant Customer Portal
  • Consumer Customer Portal
  • Defined integrations to marketing leading core banking solutions including; Temenos T24, Oracle FlexCube, Mambu and more
  • Documented Rich APIs supporting integration into marketing leading third-party platforms
  • SDKs for integration into our micro services platform

Youtap Insights

Insights that drive digital transformation

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One Digital Financial Services Platform

One digital financial services platform, multiple white-label solutions deployed in the cloud, with applications for consumer banking, business banking, digital wallet, payments and retail point of sale.

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Retail POS & Digital Banking - Youtap

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