Advapay

Advapay is a fintech consulting and core banking software vendor that specializes in helping businesses launch and expand within the fintech sector. Founded by experienced banking practitioners and fintech entrepreneurs, Advapay offers a holistic approach to fintech solutions, encompassing software development, payment infrastructure, and legislative consultancy. Their services are designed to support various business models, including digital banks for SMEs, e-wallets, crypto-fiat wallets, e-commerce solutions, crowdfunding platforms, and micro-finance institutions.

The core banking software provided by Advapay is a comprehensive platform that integrates all necessary banking and payment functionalities into a single system. It offers flexibility with options for cloud hosting or on-premise installation, and is available in both Software as a Service (SaaS) and perpetual license models. Key features include customer onboarding, AML/KYC compliance, account management, payment processing, and financial accounting. The software also supports integrations with various third-party providers and adheres to stringent security standards.

As part of their consulting services, Advapay assists clients with licensing and compliance, which includes jurisdiction selection, preparation of compliance documentation, and communication with regulators. This service is tailored to fintech entities looking to establish payment services and e-wallets in different jurisdictions, enhancing their ability to navigate complex regulatory landscapes. The combination of their consulting expertise and technological solutions helps clients save time and money, ensuring quick implementation and regulatory compliance for their fintech initiatives.

Through these offerings, Advapay aims to streamline the digital banking experience and facilitate the launch of innovative financial products. Their commitment to providing end-to-end solutions supports clients in building sustainable businesses within the fintech landscape.