Even with modern tools, banking integrations can be slowed down by a handful of common challenges. We asked our LinkedIn audience to vote on their top bottlenecks, here are the results and the solutions that can help.
Poll Results Overview:
- Legacy systems: 42%
- Manual processes: 28%
- Compliance requirements: 20%
- Partner onboarding: 10%
Analysis & Solutions:
1. Legacy Systems
Older infrastructure often limits flexibility.
Solution: Use middleware like FinConnect to bridge old and new systems without full replacement.
2. Manual Processes
Manual data entry and approvals slow down timelines.
Solution: Automate repetitive tasks and workflows to free up resources.
3. Compliance Requirements
Complex regulations can cause delays.
Solution: Integrate compliance checks directly into the workflow with pre-configured rules.
4. Partner Onboarding
Slow partner integrations hurt time-to-market.
Solution: Provide one-click onboarding with pre-tested API connectors.
Understanding and addressing bottlenecks is key to accelerating integration timelines. With FinConnect, you can tackle all four challenges head-on and deliver faster, more reliable banking experiences.
