FinTech Magazine February 2019 | Page 54

DIGITAL TRANSFORMATION
54 institution undergoing a vast digital transformation project . “ They went into the market , they selected the WSO2 platform to build their integration capability , and they chose us because we are not only a premier certified partner of WSO2 , but we also have the digital capability to deliver a highly scalable platform . We have the ability to accelerate . One of their key criteria was to help them get to market faster ,” Suppiah explains , adding that while this would have taken MONETA a year or more , it happened within five months thanks to Mitra ’ s support and experience . The WSO2 platform replaced MONETA ’ s entire legacy platform and as such has enabled MONETA to operate more simply and efficiently , thereby improving the experience for the end users and customers – highlighting the reason Suppiah founded Mitra in the first place .
“ Millennials and the new , younger generation are going to prefer digital banking as opposed to branch banking ,” Suppiah observes . “ That means a decline in the number of branches , but an increase in their use or adoption , if banks can become digitally savvy .
FEBRUARY 2019