Why Pay a Monthly Fee When I Could Build My Own Core Banking Software?| Wired banking

why Pay a Monthly Fee When I Could Build My Own Core Banking Software?

We understand that you may wonder, Why pay a monthly fee instead of developing my own Core Banking Software? What’s the advantage? 

We’re here to answer these questions and share how Wired Banking Lite Beta offers a practical, affordable solution to empower financial institutions like yours.

Since our launch in 2019, we’ve transformed from Wired Banking Africa (MVP) into Wired Banking Lite Beta, a powerful platform that aims to expand financial inclusion across Africa. 

By listening to our clients’ needs, we built a core banking solution designed to overcome the most common challenges in the financial industry.

Challenges in Building Your Own Core Banking Software

While custom-built software may seem ideal, the reality is that in-house solutions come with significant challenges:

High Development Costs: Building a full Core Banking System from scratch costs between $5,000 and $50,000 USD—a substantial investment that limits access for many businesses.

Maintenance & Resource Strain: Maintaining your own system requires a steady investment in technology, skilled personnel, and ongoing development.

Resource Diversion: Focusing on software development and maintenance diverts valuable resources and time from your core business operations, making it harder to grow.

These hurdles can make in-house solutions prohibitive, pushing many businesses to rely on manual processes or forego advanced features that would help them grow.  Unfortunately, this limits their reach and scalability.

Our Affordable Monthly Solution

Wired Banking Lite Beta offers a robust Core Banking platform with a monthly subscription model, making advanced banking technology accessible for businesses of all sizes. Starting at just ₦25,000 per month, you gain access to an entire suite of financial tools, allowing you to focus on growing your business rather than managing a software system.

With Wired Banking Lite Beta, You Get any of our optional addon features:

• Core Banking Services: Secure management of deposits, withdrawals, and customer account data.
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  Third-Party API Integration: Connect seamlessly with external services and applications.
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  Physical Card Integration: Issue branded debit and credit cards to your customers.
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  POS Integration: Process in-person transactions with integrated POS solutions.
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  Mobile App & Internet Banking: Provide customers with secure access to their accounts via mobile and online banking.
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  WhatsApp Banking: Engage customers through convenient chat-based transactions.
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  USSD Code Integration: Enable offline banking access, reaching customers without internet.
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  Global Payouts: Allow cross-border transactions and expand your customer reach.

We keep fees affordable even as we invest in new features and updates, enabling your business to scale cost-effectively.

Standalone Core Banking Solution: One-Time Fee Option

For businesses that prefer a fully-owned, self-hosted system, we also offer a standalone Core Banking setup available with a one-time fee and no monthly subscription. This option is ideal for institutions that want the benefits of custom software without the ongoing costs of subscription.

Your Path to Modern Banking

The cost of setting up a traditional core banking system may seem prohibitive, but Wired Banking Lite Beta provides an alternative that’s both comprehensive and affordable. 

For a fraction of the usual cost, you’ll access the tools and support necessary to drive financial inclusion and serve customers at every level.

If you’d like to learn more, get started today by clicking here or booking a demo for a personalized presentation. You can also reach out to our team at info@wbalite.com or support@wbalite.com  or 23490306672  with any questions.

Together, we’ll grow financial inclusion and empower your business to thrive.

Ready to Elevate Your Business? Wired Banking Lite Beta provides an affordable, fully-supported banking solution with the flexibility to meet your needs. Click [here] to get started, or book a demo to see how our platform can drive growth for your business.