22 September 2017
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VSoft unveils digital banking platform

29 August 2017  |  3148 views  |  0 Source: VSoft

Arya, an intelligent, open architecture digital services platform for both retail and commercial accountholders, was debuted today at the Symitar Educational Conference & TechConnect at the Hilton San Diego Bayfront.

Created by the founders of VSoft Corporation, Arya is the industry’s first fully integrated digital banking platform, combining both mobile banking and digital banking with native, built-in features including VSoft’s industry-leading mobile deposit.

Combining multiple products into one, Arya allows financial institutions to consolidate their online banking, mobile banking and mobile deposit applications without time-consuming and costly integrations. Financial institutions streamline vendor management responsibilities, further reducing costs. Additionally, Arya seamlessly integrates into any core banking solution.

Built with the latest JavaScript-based Angular technology, the platform provides a consistent user experience and enables a quick device certification process. Because Arya streamlines multiple banking channels under a single access point, retail and commercial accountholders are able to easily conduct transactional and non-transactional tasks using the device of their choice.

Accountholders can also use one system for both their business and consumer digital banking activities, enabling them to take full advantage of the bill pay functions and Quickbook features while logged into the same system. Commercial clients can easily conduct transactions, activate ACH and wire transfers, and use a positive pay system to increase productivity and monitor for fraud. With Arya, business clients limit their trips to the branch, manage their cash flow and reduce overall operating costs.

Arya is also designed to adapt to changing technology and demands from today’s consumers and businesses without added costs, enabling financial institutions to take advantage of the latest applications on the market without the headache and cost of product development. Arya features multilingual capabilities to better serve a wider audience.

According to the Federal Reserve’s 2016 Consumers and Mobile Financial Services report, mobile check deposit is the fourth most commonly used feature of digital banking, next to checking account balances, transferring money across accounts and establishing alerts. “Mobile deposit is being adopted at a rapid pace, and yet it is the only feature typically not included as a built-in function, which means a more time-consuming and costly implementation process for the financial institution,” said Murthy Veeraghanta, chairman and CEO of VSoft. “Additionally, commercial accountholders want more digital features, like mobile deposit, but less than half of community banks and credit unions offer mobile banking to small business customers because of the high costs.”

“Arya is bridging this gap,” Veeraghanta continued. “By combining mobile banking, digital banking and mobile deposit, we’re providing financial institutions a way to offer the services both their retail and commercial clients want without exorbitant costs that ‘break the bank.’ We’re also adding even more built-in features in the coming months, making Arya a true game-changer in digital banking.” 

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