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Core Banking Provider Perfinal Announces New CBDC-Enabled Engine Plus UI That Will Enable Non-tech CFOs to Build a Digital Bank

Core Banking Provider Perfinal Announces New CBDC-Enabled Engine Plus UI That Will Enable Non-tech CFOs to Build a Digital Bank

Hungary-based core banking provider Perfinal  says its new platform will be CBDC-enabled, allowing bankers in non-technical roles to design and build an EMI or neobank.

Through the “Financial Commander” interface, CFOs can visualize financial elements and create and test workflows while Perfinal’s Flux engine works in the background to execute their commands.

“This is an advanced fly-by-wire technology for banks,” says CEO Mate Brezovszki. “Financial Commander does exactly what he says: it puts the finance officers back in command while the financial players compete for the digital landscape.”

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Other new features include multi-subsidiary financial management and layered financial crime control technology that meets the needs of rapidly emerging technologies such as virtual currencies and central bank digital currencies (CBDC).

Brezovszki emphasizes that the new functionalities and features are only possible through Perfinal’s core technology.

“There is no financial commander without Full Financial Automation, and that is only possible with the Flux Engine, which we have developed from scratch over the past six months.

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These technologies also uniquely position Perfinal to anticipate needs and applications for CBDCs. ”

According to the Central Bank Digital Currency (CBDC) Tracker, most central banks around the world are researching CBDC. Several pilot projects, including in China and France, are already in the works or have been announced.

Perfinal was launched in January 2021 and is currently focused on development; further announcements are expected in 2022.

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