This use case allows Financial Institutions to expand their business model, creating their own Digital Bank. A true Digital Bank is built on the value proposition that most products and services are born and delivered digitally.
![](https://finconecta.com/wp-content/uploads/2020/07/bank_-03.png)
Digital Bank
Features
- Integration of third party tech solutions to current core banking or a new dedicated one
- Front & Back-end of the Digital Bank
- Features: Account Opening, P2P, QR code, Insurance, Investments
Benefits
![](https://finconecta.com/wp-content/uploads/2020/07/Size_-33-1.png)
Leverage technology solutions to move towards scalable and exponentially growing business models, without the complexity of building and maintaining a technology infrastructure
![](https://finconecta.com/wp-content/uploads/2020/07/Size_-01-1.png)
Generate strategic alliances that allow collaborative work between different players
![](https://finconecta.com/wp-content/uploads/2020/07/op_1-01.png)
Shift from fixed costs to variable costs, by paying per use
![](https://finconecta.com/wp-content/uploads/2020/07/digital-bank-02.png)
Increase the market value of the traditional parent bank
What does this use case enable
a company to achieve?
Based on advanced business models and innovative strategies, Digital Banks can offer easy-to-use interfaces, low priced services and lifestyle based products. With this new concept of banking, the standalone Digital Bank can offer financial digital products with a digital native structure.
A financial institution can also launch a parallel Digital Bank, using the core banking system or creating a new modular one.
![](https://finconecta.com/wp-content/uploads/2020/07/iconos-finales-05.png)