CAKU - NEW GENERATION CREDIT CARD SYSTEM PRODUCT
FAST IMPLEMENTATION AND FLEXIBILITY FOR REPLACING EXISTING CREDIT CARD SYSTEM
As the corporate banking business of global banks becomes saturated, the retail banking segment has developed rapidly, with the credit card business a key component. At the same time, the Internet industry’s upturn has challenged traditional financial sector. Internet finance and fintech have broadened the channels available to banks for acquiring customers in credit card business, increasing the market penetration rate of consumer credit. Due to the emergence of various card issuance and consumption channels, as well as the increase in marketing activities, financial institutions are becoming compelled to transform their credit card system from mainframe to open-source. The goal of this strategy is to adopt a more flexible platform and a greater ability to keep up with the market changes.