Legacy to Challenger Bank in a Snap
It was a pleasure to meet Arcady Lapiro, CEO and Founder of Agora Services. He is a financial services veteran with many decades of experience and a deep understanding of technology and business.
He understands that getting the right core banking infrastructure is essential to building an agile, digital financial services business, and a new generation of players are unbundling every imaginable component of core banking and digitizing it, increasingly building on the cloud and designing it with an API first, modular mindset.
He founded Agora Services, a modern next-generation core platform. With a single API, Agora can build a legacy bank it first digital dream product around BNPL/KYC/KYB/ledgering/card issuance/lending/FX/crypto/rewards components and much more.
To learn more about Agora and its offerings, click on the video below:
Challenger banks have excelled at providing vertically specific banking options for consumers, and we expect this trend to grow and look forward to more launches next year. Banking customers, though, expect to leverage new technology and innovation at their banks regardless of legacy or not. IMHO, the only way for community financial institutions on legacy infrastructure to move into niche banking successfully and quickly is to enable modular banking and add services on top of the existing core quickly, allowing for target offering, flexible agile approach, and pick and choose segments to modernize and profit.
Agora has this built in functionality to take legacy banks into the modern era with a snap. Well, it takes a bit longer, but you get the point.
After all time is money, and bankers know that well.
I wish the stellar team great success and look forward to another well-informed conversation.
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