Digital Banking Digital banking and payment management represents the future of banking, embracing cutting-edge technology to revolutionize financial services. It covers a wide spectrum
By working with independent contractors or enterprises, 6D’s Agency Banking Solution enables banks and financial institutions to expand their reach to underserved and rural areas. On behalf of the bank, these representatives serve as middlemen to offer customers fundamental banking and financial services.A variety of fundamental financial services are provided to customers through agency banking solutions.
Features
Cloud ready Platform
The benefits of cloud computing, such as scalability, flexibility, cost-effectiveness, and accessibility, are available with 6D’s Agency Banking Solution as it is a cloud-ready platform.
Agent Hierarchy Control
The platform supports multi-tiered/n-level hierarchical distribution, allowing for the dissemination of several business lines to the final consumer. The established business line structure allows for direct addition of/onboarding of Agent into the hierarchy.
Assisted Services
On behalf of consumers, agents can perform a variety of services like onboarding, top-up, utility payments, and more.
Transaction Limits
This solution aids in establishing transaction thresholds for agency banking activities, both in terms of volume and frequency. These restrictions are put in place to minimize the dangers of handling cash and to guarantee that the law is being followed.
Agent Network
The creation of a network of agents who serve as a bridge between the bank and its clients is the essential component of agency banking. With biometric authentication, 6D’s Agency Banking solution can onboard an agent network.
Agent Hierarchy Control
The platform supports multi-tiered/n-level hierarchical distribution, allowing for the dissemination of several business lines to the final consumer. The established business line structure allows for direct addition of/onboarding of Agent into the hierarchy.
Benefits
Additional Income Source
Additional Income Source
The 6D Agency Banking Solution enables earning commissions and fees for each financial transaction that agents facilitate. Businesses may benefit from this as a reliable source of extra money.
Cost-Effective Expansion
Cost-Effective Expansion
Agency banking is a practical approach for banks and other financial organizations to expand their services in places where banks are less prevalent. Banks and other financial institutions don't need to establish a physical branch because of the agency banking model, which lowers operational, infrastructure, maintenance, and other high-capital investment expenses.
Convenience
Convenience
Customers no longer need to make lengthy treks to traditional bank locations because they can access banking services closer to their homes or places of business. Agency Banking Solution supports account balance inquiries, merchant services, cash withdrawals, cash deposits, transfers and top up services
Enhanced Customer Engagement
Enhanced Customer Engagement
Through improved customer engagement of the Agent network, 6D's Agency Banking Solution contributes to enhanced customer loyalty and a stronger brand presence for the financial institution.
Digital Transformation
Digital Transformation
Agency banking solutions leverage technology, such as mobile apps or point-of-sale (POS) hardware, to speed up transactions. This promotes the use of online financial services, which may increase transaction security and efficiency.
Cash Flow Management
Cash Flow Management
Agency Banking Solution offers a range of services to help firms meet their daily liquidity and cash management demands.
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