Comviva launches ‘Low-Code/No-Code’ platform for Banks & Financial Institutions

By Gloria Mathias

Comviva, the global customer experience and data monetization solutions provider, has launched its transformative Low-Code/No-Code platform.

Comviva’s Low-Code/No-Code composable platform is an extension of its existing mobiquity platform and shall enable financial institutions, including Banks, FinTechs, and Digital Wallet providers, to revolutionise the development landscape and to customise and automate workflows with enterprise-grade security and unmatched productivity.

The new platform will help financial institutions quickly adjust to market shifts, regulations, and evolving customer demands. With the ability to visually construct user journeys and workflows, along with seamless integration capabilities with third-party systems, this platform promises to accelerate innovation and streamline operations. It will enable rapid adaptation to emerging requirements, while the swift launch of new features will significantly curtail time-to-market. Also, with the potential for a 30%–40% reduction in deployment time, it will lower development expenses and elevate productivity.

Srinivas Nidugondi, EVP and Chief Operating Officer, Digital Financial Solutions at Comviva said, “Our new Low-Code/No-Code Platform marks a path-breaking advancement in the digital banking and wallet space, poised to revolutionise service design and deployment by Banks, FinTechs, and Digital Wallet providers. Organisations today are challenged by the rapid assimilation of new technologies, and substantial investment is required to introduce new services. Our innovative platform offers a simplified development cycle that significantly amplifies productivity, accelerates innovation, and diminishes time-to-market. The new platform will enable organisations to seamlessly address the increasing customer demands using intelligent native services and develop and deploy new digital applications quickly and efficiently.”

Comviva’s next-generation low-code platform goes beyond configurations to simplify the process of connecting systems, mapping data fields, and defining user journeys and workflows.

It includes features like Service Flow Composer, Channel Composer, and Integration Flow Composer. These tools assist users with diverse technical backgrounds to effortlessly create/modify services, build applications, and integrate with third-party systems with no coding efforts.