Payment Innovation Technology: Architecting Scalable Digital Banking Networks

Though digital banking networks are growing in many parts of the world, banking accessibility is limited in remote places. Setting up the infrastructure for digital banking needs is a task that requires comprehensive networking while producing cost-effective solutions. Configuring banking networks to geographic locations that are remote to banking services, Payment Innovation Technology, a Canadian fintech corporation, is building efficient and scalable banking solutions and pioneering digital agency banking worldwide.

"Our cloud-based technology allows users to add merchant locations, pay bills, do cash outs, and open bank accounts from mobile devices. We also provide banking facilities through small POS terminals at locations remotely. Our innovative platform permits different wallet operators and payment schemes," says Andre Blondin, CEO of Payment Innovation Technology.

By incorporating innovative architecture into banking networks and digital payment interfaces, Payment Innovation Technology renders its solutions in remote locations to bring banking closer to users. Low-cost mobile-centric banking services of the fintech company address the critical needs of remote geographic areas where bank branches and ATMs cannot be set up. From the point of purchase to the settlement processing entity, the company optimizes end-to-end solutions while managing, monitoring, and configuring digital banking tools. Payment Innovation Technology with its innovative platforms provides solutions to conventional banks to extend their network and services cost-efficiently using cloud-based branchless banking solutions.

Accelerating the time to market for banking initiatives, Payment Innovation technology's MERCURY and MARS digital banking frameworks structure their platforms to enable new features in agency banking.The unique abilities of MARS are flexible to provide access from existing or preferred POS systems to various payment networks, improvising clients’ banking operations. Built around a core of cryptographic operations, the frameworks utilize advanced hardware cryptographic modules to secure private information involved in agency banking and PIN codes in EMV debit or credit card POS transactions. The frameworks incorporate a robust security environment with seal-healing properties of Kubernetes as an orchestration engine that strives to eliminate user intervention while reducing operational and maintenance costs. Integrating the frameworks with existing digital banking structures, the company streamlines the development process for improved performance and scalability in digital finance.

Our cloud-based technology allows users to add merchant locations, pay bills, do cash outs, and open bank accounts from mobile devices. We also provide banking facilities through small POS terminals at locations remotely

Stellar Digital Banking Suite, a flagship feature of Payment Innovation Technology, allows banks to swiftly implement and deploy agency banking while elevating brand visibility and adding value to the user experience. These solutions enable timely and cost-efficient banking operations at any geographic location. Supported by MERCURY and MARS, the Stellar Digital Banking suite is built on a modular service-based architecture using containerized applications in an orchestrated way. This architecture allows Stellar Digital Banking to adapt and scale itself in handling the influx of demand by increasing productivity, future-proofing businesses, and improving banking structure with low-cost channels that enhance financial inclusion.

Providing consulting services by analyzing roadmaps, data security, management, testing, and products, Payment Innovation Technology ensures value for investment to achieve definitive business objectives of prospective clients. Working with clients from different countries and cultures, the company has designed payment and banking solutions to be resilient, scalable, and secure with self-healing properties. The innovative architecture of the platforms enables centralized functioning while merging with existing platforms. With a primary focus on providing banking solutions in emerging markets, Payment Innovation Technology helps businesses access quick-to-market delivery of new services.