SAMFCore Banking Software Solution

Swiss AMF AG is positioning SAMFCore as a financial services software platform for fintech companies, licensed financial-services businesses and other organizations seeking to bring customer accounts, payments, cards, digital assets, compliance processes and operational administration into one technology environment.

Financial-services businesses often depend on multiple systems to operate. Customer onboarding may be handled by one application, payments by another, cards through a separate platform, while digital assets, compliance reviews, reporting and back-office administration require additional software and integrations.

SAMFCore is designed to reduce that fragmentation by bringing major financial-services functions into a common software architecture.

Rather than treating every financial product as a separate technology project, businesses can use SAMFCore as the operating and integration layer connecting customer-facing financial services with administrative workflows and selected external providers.

Personal and Business Customer Onboarding

SAMFCore supports account creation and onboarding for both personal and business customers.

Personal customers can move through identity-verification workflows incorporating KYC processes, while business customers can complete KYB onboarding covering company information, ownership structure, ultimate beneficial owners and supporting documentation.

Administrative teams can review customer profiles, adjust risk levels, approve or reject applications and apply additional review procedures where required.

Connecting digital onboarding directly to the wider financial services software environment helps reduce the separation between customer acquisition, compliance and account operations.

Accounts and Financial Activity

Once onboarded, customers can access financial products through a broader unified environment.

SAMFCore supports bank accounts, currencies, cards and digital assets within the customer platform.

Bank-account and IBAN functionality can be combined with currency deposits and withdrawals, while transaction histories provide customers and administrators with visibility over supported financial activity.

This creates a common foundation for managing customer balances and money movement without requiring a completely separate interface for every financial product.

Payments and Transaction Management

SAMFCore includes transaction infrastructure covering deposits, withdrawals, card activity and exchange transactions.

Customers can view and export transaction histories, while administrative users can review transactions and apply operational or compliance actions where necessary.

External banks and payment providers remain deployment-specific.

This means SAMFCore can provide the banking software and integration layer through which financial activity is managed while allowing each business to select the banking and payment providers appropriate to its commercial, technical and regulatory requirements.

Card Functionality Within the Platform

Cards can form part of the same customer and administrative environment.

SAMFCore supports physical and virtual card workflows including ordering, activation, PIN and ePIN management, freezing and unfreezing, and balance top-ups.

The underlying card programme can involve an external issuer, processor, BIN sponsor or other card infrastructure selected for the deployment.

By incorporating card functionality into the wider platform, financial-services companies can connect cards more closely with customer accounts, transactions, digital assets and compliance workflows.

Fiat and Digital Assets Together

SAMFCore also supports digital assets alongside traditional fiat functionality.

Customers can hold currency and digital-asset accounts within the wider platform environment.

SAMFCore includes exchange workflows between currency and cryptocurrency accounts, including market and limit exchange functionality.

This allows companies developing crypto-enabled financial products to combine fiat and digital assets within a common customer and administrative infrastructure.

Instead of maintaining an entirely separate cryptocurrency system, digital-asset functionality can operate alongside accounts, cards, transactions and compliance workflows.

Compliance as Part of Financial Operations

Compliance is integrated into the wider SAMFCore operating environment.

The platform supports KYC and KYB onboarding processes, customer risk levels, document collection, administrative profile reviews and AML transaction controls.

External verification, screening and compliance providers can be integrated according to the requirements of each deployment.

Transactions requiring additional attention can be routed through review processes, while higher-risk customer profiles can be subjected to additional administrative approval.

This helps connect customer activity with the compliance processes used to monitor and manage it.

Back-Office Administration

Customer-facing functionality is only one part of operating a financial-services business.

Administrative teams also need systems for managing customer profiles, transactions, documents, compliance cases, fees, permissions, reporting and operational activity.

SAMFCore provides a dedicated administrative environment with role-based access controls and configurable permissions.

Reporting and analytical tools provide additional visibility into platform activity, while audit functionality can preserve records of administrative and operational actions.

The objective is to provide a common operating environment behind the customer experience rather than forcing operational teams to move continuously between disconnected systems.

White-Label Financial Services

SAMFCore also supports white-label tenant functionality.

Financial groups, fintech companies and other operators can use the platform architecture to support multiple branded customer experiences where the applicable commercial and regulatory structure permits.

This can be particularly relevant to businesses operating several brands or developing financial products for different customer segments.

Using a common underlying financial services software platform can reduce the need to build and maintain a completely separate technology stack for each brand.

Customer-Selected External Providers

SAMFCore is designed as financial-services software and an integration framework rather than as a requirement to use one predefined provider ecosystem.

Depending on the deployment, businesses may select external:

• banks;
• payment providers;
• card issuers;
• card processors;
• BIN sponsors;
• KYC and KYB providers;
• AML and sanctions-screening providers;
• digital-asset custody providers;
• liquidity sources;
• exchanges;
• blockchain infrastructure.
  

These services can be configured according to the requirements of each business.

This provider flexibility allows SAMFCore to remain the software and operational layer while customers retain greater control over the external services used within their financial offering.

Annual and Perpetual Licensing

SAMFCore is available through annual and perpetual licensing models.

The perpetual option is intended for businesses that want continuing rights to operate their licensed software deployment rather than depending indefinitely on recurring SAMFCore software licensing simply to retain access.

A full-source-code option is also available with the applicable perpetual licence.

For qualifying deployments, source-code access can allow customers to inspect, modify, develop and maintain their licensed deployment using internal technical teams or appointed third-party developers.

Customer-controlled deployment models can also provide businesses with greater control over hosting, infrastructure, access management and future development.

Financial Services Software as Long-Term Infrastructure

For financial-services companies, technology decisions increasingly extend beyond individual product features.

Businesses may need to consider whether accounts, payments, cards, digital assets, compliance and administration can operate together; whether external providers can be changed; who controls the deployment; and how the software will be licensed over the long term.

SAMFCore is designed as a broad financial services software platform for businesses that want to consolidate these functions while maintaining flexibility over providers, infrastructure, brands and future development.

For organizations comparing banking software solution, digital banking platforms and fintech software, the long-term value of the platform depends not only on what it can do today, but also on how much control the business retains over providers, infrastructure and future development.

Companies can request a SAMFCore sandbox demonstration to review the customer-facing platform, administrative environment and available workflows.

More information is available at SAMFCore.com.

Contact Information

Mike Hightower

Editor in Chief

Newsline Press

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