Agency banking is a win-win situation for both banks and customers as it allows the banks to cut their costs and customers to avail banking services in a simplified manner.
Agency banking consists of many participants that are involved in achieving a common goal. Below mentioned are all the participants that are a part of the agency banking ecosystem.
Nexgweb’s agent banking solution comes with all the major regulatory compliances like GDPR and PCI-DSS.
Agent Banking enables you to manage hierarchy, commission structures, and reconciliation of the agent network.
Agent Banking Solution is easily adaptable to the functionalities of the central banking system.
Agent Banking Solution comes with multiple use cases like KYC, cash withdrawal/deposit, loan, insurance, etc.
Agent Banking solution employs advanced security parameters like 3DES security, SHA1, and bcrypt hashing.
The NFC integrated Agency Banking solution offers a highly secured communication protocol that facilitates contactless
Agency banking consists of many participants that are involved in achieving a common goal. Below mentioned are all the participants that are empowered by Nexgweb’ agent banking solution.
The agency service provider performs various functions such as operating service, cash handling, license & regulatory compliance for services, and marketing branding. Agency Banking offers financial service providers with:
Banking agents are simply the retailers that are authorized by the respective banks and financial institutions to perform a variety of banking functions like cash deposit/withdrawal, and many others. Agency Banking offers them with:
The customer is the one who gets the benefits of agency banking. Generally, the customer is an individual who doesn’t have a bank account but has access to mobile services. With Nexgweb’s agent banking, the customer receives benefits like: