Making the Prospect of Digitalization the Reach the Most Underserved Players

The human excellence is rooted in a myriad of different factors, but when push comes to shove, there remains an awful little that we do better than growing on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a full-blown tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new fintech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.

Veritran, a leading global financial technology solutions provider, has officially announced the launch of its groundbreaking Banking Experience Packages. According to certain reports, these stated packages are all designed to help community banks and credit unions to meet the needs of their users through rapid digital transformation. Considering every user is likely to have a unique set of needs, Veritran has segmented the stated packages into three different distinctions. The first package, named as Starter Package, will try and streamline the whole user onboarding journey. This, like you can guess, opens up the gates for such organizations to reach more and more customers, something that their limited resources have made quite a challenge thus far. Apart from it, the starter package also comes decked up with an ability to offer innovative digital payments solutions that are more befitting for the needs of a modern day consumer. Moving on, we now dig into the second package, which happens to be named Advanced Package. Here, the core principle is rooted in delivering utmost convenience, alongside an optimally personalized experience. Bearing the means to dedicate granular-level focus to an individual’s banking needs, this package will let community banks and credit unions offer a premium white-glove experience to their customers, and it should be able to do so at a notably affordable cost. Rounding up the highlights is, of course, the most coveted of them all, the Ultimate Package. Institutions that opt for the said package will instantly gain an uninterrupted access of essential financial services and cutting-edge tools which are well-known to promote growth and operational efficiency. As a result, they will now have a chance to influence their client’s success at a much deeper level, and therefore, foster more long-lasting relationships.

“Too many community banks and credit unions are sitting on the sidelines because they don’t know how to get started or think it’s too expensive to offer digital solutions,” said Greynier Fuentes, VP of Sales & Digital Strategies at Veritran. “We created these innovative packages to plug right into an institution’s existing infrastructure so they can quickly and effectively offer digital channels to drive growth and remain competitive.”

The development in question provides an interesting follow-up to one recently-concluded survey, which was conceived in the first place to study key strategic objectives of bank and credit union CEOs for 2023 and 2024. Going by the available details, 70% of financial institutions plan to increase their technology spend in the next two years with digital banking, fraud and security, and data analytics topping of the list of their priorities.

But what makes Veritran an ideal candidate to satisfy the requirement of such a value proposition? Well, the answer to this question crystallizes itself once you consider how the company has been able to assist so many financial institutions with their ambition of achieving complete digitalization. The same can be validated by looking at Veritran’s partner line-up that, at present, stretches across multiple continents, thus contributing towards a massive clientele of more than 50 million users.