Dragonfly launches composable Digital Business Banking platform

By Gloria Methri

Dragonfly Financial Technologies Corp., a digital banking and treasury management FinTech, announced new deployment options for its Universal Online Banker platform. The aim is to help banks deliver superior digital-first business banking services at scale and compete with FinTechs offering competitive solutions.

The Universal Online Banking platform is a composable banking platform built for today’s digital and embedded business banking needs. The Dragonfly platform enables customers to choose the implementation option best suited for the needs and size of the bank and its corporate clients. These options include:

• Dragonfly Digital: For banks that want fully featured UI “out of the box” in a single end-to-end managed-service offering.
• Dragonfly as a Service: For banks seeking a “headless” platform that want to leverage APIs, event streams, composable UX components, and microservices from Dragonfly to stand up a fully featured solution quickly.
• Dragonfly FinTech Integration Center: For banks that want to embed their brand directly into the most common FinTech apps and make their banking services accessible to their customers directly from their favorite apps. And for FinTechs that want to access real-time banking information and payment transactions for business customers.

Jim Gillespie, chief product officer of Dragonfly Financial Technologies said, “Our new Universal Online Banking solution deployments combine our market-proven business banking functionality with composable banking technologies that hand over control of the user experience to our banking customers. With our Universal Online Banker platform, banks can access APIs, event streams, and microservices, and the tools to embed their bank brand directly into common FinTech apps – delivering the configurability and scalability they need to be successful.”

The new Universal Online Banker deployments provide Dragonfly’s business and commercial banking customers and their corporate clients with a seamless digital banking experience, whether they are managing cash flow and liquidity, initiating and collecting payments, preventing fraudulent transactions, or all the above and more.