FusionX
by LOLC Technologies Limited
FusionX is a next-generation, cloud-based core banking solution
FusionX is a next generation, cloud-native, and cloud-agnostic core banking solution engineered on a microservices architecture which cater banking as a service. It is purpose-built to transform operational efficiency for financial institutions striving for a competitive edge.
What sets FusionX apart is its composable architecture, offering unparalleled innovation capabilities, flexibility and adaptability. By moving beyond traditional, monolithic systems and embracing a modular, microservice-driven approach, FusionX enables any size of financial service provider to create a banking ecosystem that evolves alongside their business needs. This powerful agility positions financial organizations to outperform in a rapidly changing marketplace.
Microservices Architecture: allows organizations to integrate modular components quickly, speeding up service deployment and enhancing operational agility.
Composability: composable design lets financial institutions define their products inline with their unique business requirements without accessing the core.
Cloud-Native & Cloud-Agnostic: runs seamlessly on any cloud platform (public, private, or hybrid) optimizing performance, reducing costs, and ensuring high availability.
Scalability: supports vertical and horizontal scaling for efficient transaction handling and operational expansion.
Mobile-Ready: Allows access securely from any device, anywhere, anytime.
Open Banking Standards: API-first design enables easy integration with third-party services and compliance.
Security by Design: Features encryption and multi-factor authentication to protect data and meet regulations.
Dynamic Workflow Engine: allows financial institutions to create innovative products tailored to their needs. Customizable rule engines allow internal IT teams to design and manage adjustments, eliminating costly change requests.
Low-Code/No-Code API Orchestration: Simplifies integrations and customization, enabling quick innovation.
Main Modules:
· Accounts module
· Term Deposit module
· Lending module
· Payment Hub (Kiosk)
· Authorization Module
· Cash and Payment Management
· Collateral Module
· Entity Management (Customer Onboarding)
· Analytics Module (Azure Fabric)
· Inventory Module
· Leads Management Module
· Recovery Module
· Yard management
· Supplier Module
· Legal Management Module
· orchestrator engine
Security and Compliance
FusionX delivers a secure and robust core banking solution built on the Microsoft Azure cloud platform. We employ a multi-layered security approach to safeguard your sensitive financial data and ensure operational resilience.
Key Security Highlights:
Advanced Cloud Infrastructure:
FusionX secures your data with Azure's robust framework, featuring stringent access controls, network isolation, and advanced threat protection, with all data encrypted at rest and in transit. An industry-leading Web Application Firewall (WAF) provides comprehensive protection against web-based threats, further strengthening security.
Proactive Security Posture:
FusionX proactively monitors and mitigates risks with CSPM and CWPP, ensuring compliance and security best practices for all cloud workloads
DevSecOps for Secure Development:
FusionX integrates security throughout the software development lifecycle with a DevSecOps approach, using automated security testing and dependency management to continuously identify vulnerabilities.
Industry-Standard Compliance
FusionX complies with major global security standards like ISO 27001 and NIST, and with data protection regulations such as PCI-DSS, GDPR, and SOC 2, ensuring secure data handling.
24/7 Security Operations Center (SOC):
FusionX's 24/7 SOC provides continuous monitoring, threat detection, and incident response, ensuring swift action and minimal disruption in case of security incidents.