Matera is launching a cloud software that functions as a Digital Twin, allowing for real-time transaction authorizations and balance updates 24/7.
Matera's Digital Twin can handle large transactions, runs on any cloud or database, and has continuous uptime to ensure top-tier customer experiences on a digital level. The novel Digital Twin solution seeks to facilitate the advancement of digital transformations within the banking and credit union sector, enabling businesses to save on operational expenditures. Matera also operates as a service that sits on top of its existing banking platform.
"It is no longer acceptable for innovation to be hamstrung due to a legacy core. With Digital Twin, banks can move forward," said Carlos Netto, co-founder and CEO of Matera.
Image Credit: Matera
Why This Trend Is Growing
- Real-time Transaction Authorizations
- Real-time transaction authorizations are becoming increasingly important for businesses in the banking and credit union sector, providing a seamless and efficient customer experience.
- Cloud-based Finance Solutions
- Cloud-based finance solutions offer continuous uptime and flexibility for businesses, enabling them to reduce operational expenditures and improve overall efficiency.
- Digital Transformations in Banking
- The advancement of digital transformations in the banking sector is being facilitated by innovative digital twin solutions, opening up new opportunities for growth and innovation.
Industries Being Reshaped
- Banking
- The banking industry can benefit from digital twin solutions that provide real-time transaction authorizations and improve operational efficiency, leading to enhanced customer experiences and cost savings.
- Credit Union
- Credit unions can leverage cloud-based finance solutions with continuous uptime to streamline their operations and drive cost savings, while delivering seamless and efficient financial services to their members.
- Cloud Computing
- The cloud computing industry plays a key role in enabling the implementation of cloud-based transaction software, providing the infrastructure and technology needed for real-time transaction authorizations and improved efficiency.
