Sold by: 2innovate
Frame Banking™ is a cloud-based SaaS platform that provides financial institutions with a composable banking architecture to support next-generation payment ecosystems. By placing the transaction at the center of the financial experience and reducing traditional frictions in payment processes, Frame Banking™ helps financial institutions break free from the limitations of legacy systems and operate at the pace of modern transactions across multiple payment rails. Frame Banking™ is developed by 2innovate, founded in 2016 and operating in 12 countries, with offices in Miami, Mexico City, Buenos Aires, and Montevideo. The client portfolio of Frame Banking™ includes traditional entities such as Towerbank, Banco Santander, Banco Estado, Banco Bolivariano, and Banco Pichincha, as well as digital financial service providers like Cencosud and Techreo.
Overview
Frame Banking™ is a cloud-native, next-generation payments platform designed to meet the evolving needs of financial institutions. Its fully API-driven infrastructure powers the entire lifecycle of digital transactions, enabling seamless financial services across diverse channels.
By leveraging a composable architecture, Frame Banking™ places transactions at the core, overcoming the limitations of legacy systems. This approach allows institutions to deploy services that are intuitive, simple, and scalable.
Frame Banking™ unlocks new revenue streams through core-agnostic integration, opening doors to innovation in business models and rules. Its omni-channel model ensures compatibility with multiple transactional networks, enabling the creation of payment ecosystems in weeks.
Efficiency is key to Frame Banking™. By converging multiple payment rails into a single platform, institutions achieve significant savings in both cost and time, optimizing resources for maximum operational efficiency. This platform replaces the need for core developments in transactional logic, business rules, and operations, while simplifying reconciliation processes.
Built on a cloud-native SaaS model, Frame Banking™ offers a component-based architecture that delivers the agility and scalability needed to stay competitive. It also supports a multicore strategy, simplifying the role of digital and legacy cores while mitigating the risks of core replacements.
Frame Banking™ Key Principles and Advantages:
Low Code Customization & Scalability Omnichannel Integrations Cloud-Native SaaS Transactions-Centered System Core Agnostic Business Frameworks: Frame Banking™ for Retail and Fintech: Financial services and integrations designed for digital banking, deploying transactions through any channel, at any time, from P2P, remittances, cards, interbank, cross-border, among other financial services
Frame Banking™ for Corporate Banking: Enable financial institutions to offer services like collections, mass payments, supplier payments, payroll, integration with corporate treasuries, cash pooling, and ZBA-a transactional offering for small, medium, and large corporations.
Frame Banking™ Financial Services Highway: Build an interbank financial services highway, focusing on interoperability through aliases and the concept of a universal account, instant payments, and batch payments applying protocols such as ISO20022, ISO8583, and Nacha, among others.
This listing is for Private Offers only. Want to discuss how Frame Banking can help you? Reach out to us via email at info@2innovateit.com to discuss your private offer today.
Highlights
- "Innovation in business models": Frame Banking™ enables institutions to adopt new revenue streams. By powering the entire life cycle of digital transactions and offering core-agnostic integration capabilities, Frame Banking™ opens doors to innovation in business models and business rules.
- "Seamless ecosystem creation": Frame Banking™ empowers institutions to effortlessly integrate into global financial ecosystems. Its core-agnostic and omni-channel model makes it compatible with multiple transactional networks and industry providers, allowing for the seamless creation of payment ecosystems in weeks.
- "Efficiency through convergence": Frame Banking™ enables institutions to realize substantial savings in both cost and time. Frame Banking™ facilitates the deployment of multiple use cases by converging different payment rails onto a single platform under one contract, optimizing resources to maximize operational efficiency.
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Pricing
Pricing is based on the duration and terms of your contract with the vendor, and additional usage. You pay upfront or in installments according to your contract terms with the vendor. This entitles you to a specified quantity of use for the contract duration. Usage-based pricing is in effect for overages or additional usage not covered in the contract. These charges are applied on top of the contract price. If you choose not to renew or replace your contract before the contract end date, access to your entitlements will expire.
Additional AWS infrastructure costs may apply. Use the AWS Pricing Calculator to estimate your infrastructure costs.
Dimension | Description | Cost/12 months | Overage cost |
|---|---|---|---|
Frame Banking Platform | Platform fee | $0.001 |
Dimension | Cost/unit |
|---|---|
Frame Banking Additional Variable Consumption Costs | $0.001 |
Dimensions summary
This contract has two parts. You pay a platform fee for access to the cloud-native payments platform. This is the base cost of the subscription. On top of that, you pay additional variable consumption costs. These charge you based on your actual usage of the platform. So your total cost combines a fixed platform fee plus usage-based charges that rise or fall with your transaction activity. The two dimensions work together: the platform fee covers the core service, and the variable costs scale with how much you use it.
Top-of-mind questions for buyers
These costs track your actual use of the platform. The platform processes digital transactions across payment rails like remittances, transfers, P2P, and mass payments. As your transaction activity rises, your variable costs rise with it. When activity falls, these charges fall too. The platform fee stays fixed regardless of usage.
Both charges apply at the same time and add together. The platform fee is a fixed base cost for access to the cloud-native payments platform. The variable consumption costs are added on top and change with your usage. For high-transaction operations, the variable portion tends to grow larger over time.
The platform converges multiple payment rails onto one contract, covering retail, fintech, corporate banking, and ACH use cases. Adding rails or channels does not create separate platform fees. Instead, the extra transaction activity these generate flows into your variable consumption costs, which scale with actual platform usage.
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Delivery details
Software as a Service (SaaS)
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Support
Vendor support
Our Customer Support Service offers: Quick and accurate resolution of requests by our highly trained team of SaaS support experts. Reporting of incidents and submission of technical support requests anytime, receiving timely responses 24/7 based on agreed SLAs. Real-time tracking of incidents and requests, ensuring prompt and precise updates. Access to past interaction information for a comprehensive history of your support interactions. What does 2innovate Support Services mean? Support Services means the provision by 2Innovate of consultation, assistance, support, maintenance, and other services for the purpose of: fulfilling 2Innovate obligations to correct Incidents and/or Defects in the Services and/or Saas Documentation under the agreement providing Level 3 Support for Incidents and/or Defects, responding to Customer inquiries regarding Incidents and/or Defects responding to Customer inquiries other than Incidents and/or Defects.
Customer Support email: customersupport@2innovateit.com
AWS infrastructure support
AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.
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