Electronic Money Institutions (EMIs)
Electronic Money Institutions (EMIs) are companies or startups that are licensed to provide financial services to customers and third parties by issuing money and being regulated by local and regional regulators. Being more agile and faster in their operations than the traditional financial institutions EMIs are a great alternative to them, being attractive in recent years to Generation Y and Z.
An ecosystem served by a centralised solution that offers rich functionality for Electronic Money Institutions (eMIs), such as issuance of electronic money, domestic and international transfers and payments, card issuing and acquiring, card tokenization, teen accounts, electronic commerce through NFC, physical and virtual POS, mobile app-driven smart features, loyalty schemes, and frictionless digital channels.
An ecosystem for closed or open loop merchant schemes, providing dynamic merchant accounts that enable secure payments to be processed quickly and cheaply. With Netcompany-Intrasoft’s solution merchants can enable simple and seamless 24x7 payments and maximise end-customer usage, without being burdened with technology builds or time-consuming processes. Security, cyber-crime, fraud detection and prevention features protect payments, business reputation and customer data. Revenue maximisation through a flexible and scalable solution is guaranteed, since our systems and process are designed to grow as your business grows, enabling you to scale at your own pace.
A solution that embraces a robust, open, and agile architecture, allowing the building and availability of new schemes and services through an omnichannel philosophy that enables you to easily share your APIs and to consume APIs from third party providers. Netcompany-Intrasoft’s solution for eMIs is based on PROFITS® Core Banking, a platform that offers configurable and optimised functionality for conventional and innovative financial institutions, supporting multiple business models and utilising a powerful product factory and business rules engine that guarantees scalability and performance.
The arrival of open banking gives EMIs a unique opportunity to carry on doing what they do best, as well as to do it in a faster and cheaper way and with wider horizons. EMIs can now take a close, strategic look at APIs, taking advantage of rich and various opportunities, just as other financial institutions do to evolve their services and shore up their businesses. Netcompany-Intrasoft offers a flexible and regulatory approved open banking framework, enabling EMIs to operate under open banking in a secure environment.