AppTech Payments has rolled out its new CoreBanking solution, which is integrated with the FINZEO Platform, marking the company’s foray into the digital banking sector.
The introduction of this solution comes alongside the onboarding of its first banking client, indicating a strategic move into retail financial services.
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The CoreBanking solution is designed to enhance operational efficiency for banks, facilitate market entry, and reduce dependence on outdated technologies.
This offering includes features such as digital onboarding, FedWire, FedACH, compliance, virtual bank accounts, risk management, ledger, FedNow, and both physical and virtual Cards.
By utilising the FINZEO client offering, banks can expedite the implementation of these solutions, benefiting from AppTech’s established client base for transaction fees and deposits.
The company anticipates sustained revenue growth through 2025, tapping into previously unavailable revenue sources.
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By GlobalDataIn terms of financial projections, AppTech expects to generate $40,000 in revenue within the first week of the CoreBanking solution’s launch, with monthly revenue anticipated to exceed $500,000 by the end of 2025.
The current pipeline of banks integrating the FINZEO platform positions the CoreBanking solution for rapid adoption, particularly among community banking clients, believes AppTech.
AppTech CEO Thomas DeRosa said: “Our CoreBanking solution is more than a product—it changes how banks can operate and grow.
“By integrating our technology with unmatched client acquisition capabilities, we eliminate inefficiencies and drive revenue at scale.”
AppTech is preparing for growth with new partnerships and product launches in April, potentially leading to millions of transactions.
To facilitate this expansion, the company has restructured its management team and enhanced its technology infrastructure.
In May 2024, AppTech Payments launched its Banking-as-a-Service (BaaS) platform after a successful pilot programme.
The company leveraged this BaaS solution to introduce InstaCash, which offers virtual accounts, debit and credit cards, and high-yield financial products.
