For banks, lenders, credit unions, savings funds and fintechs
Add new financial products, customer apps and a modern back office while your current system keeps running. Launch loan, savings and payment products yourself, without buying implementation hours. When you're ready, Cowally becomes your core banking system.
A new loan or savings product means a quote, a queue and billable hours from your core provider. Months go by before customers see it.
Big migrations take years, cost a fortune and put daily operations at risk, so they keep getting postponed.
Credit, collections and accounting each keep their own version of the numbers, and closing the month takes days.
When the regulator asks who approved a change and when, the answer lives in emails and people's memory.
Cowally was built to fix exactly these four problems.
Either way, you can begin with one product, one customer app or one process, and add the rest when it makes sense.
PRODUCTS LIVE
12
NEW THIS QUARTER
3
CUSTOMERS
312,480
LOAN BOOK BY DAYS LATE
TWO-PERSON APPROVAL
C. Ruiz · ProductSubmitted
M. Ortega · RiskPendingApproved
AI suggestion A cutoff of 640 would cut loans 60+ days late by 0.8 points
Re-ranked just now · new payment behavior
TODAY'S RECONCILIATION
99.4%
7 items left to match
PAYOUTS IN PROGRESS
312 / 318
Batch DIS-0812
Flagged by AIRequires review
Cash deposits split into 9 operations over 4 days
Total $41.8M · case CU-2291
Documented APIs · versioned connections
What they get
New financial products launched in weeks, with the loan book and results visible live
What changes for them
Decisions on today's numbers, not last month's report
What they get
Approval rules, credit scoring and two-person approval for sensitive changes, plus AI suggestions based on how the loan book behaves
What changes for them
Policy changes go live once approved, without a development ticket
What they get
Loan applications, guarantees, payouts, the loan book and collections in one place, with collection lists ranked by likelihood of payment
What changes for them
No spreadsheets between steps
What they get
Batch payouts, reconciliation, provisions and full accounting, with financial statements and period close
What changes for them
The books always match what happened in the operation
What they get
Reports to regulators and credit bureaus built from operational data, unusual operations flagged, and a full audit trail
What changes for them
Audits answered from the system, not from emails
What they get
A modular core, documented APIs and connections to the systems you run, hosted by us or on your own servers
What changes for them
IT keeps control of architecture, integrations and security, and stops being the bottleneck for every product change
Speed is safe because the limits are built in. Here is what your business team can change on its own, with approvals, and what still goes through technical review.
Either way, every change is recorded: who made it, who approved it and when.
See how products are set upPlus the tools to run them: onboarding, decision engine, document management, collections, analytics, and digital notes and custody.
7
New loan products
~4
Months
1/10
Of the expected cost, roughly
3M+
Members
For the people who have to say yes to the architecture. IT stays in charge of architecture, integrations and security; the business stops filing a ticket for every product change.
Modular core. Customers, products, the loan book, rules and risk, and accounting run as separate modules. Each can be updated, switched off or replaced without stopping the rest.
Changes that don't break other parts. Modules talk through stable, versioned connections and react to events, so a change in one place does not ripple into another.
Documented APIs to connect your current core, accounting, data platforms and providers.
APIs for every service, and MCP for governed AI access. Plug any piece into your systems, and give people and AI agents access with roles and rules.API MCP
No single point of failure. If one module goes down, the rest keep running.
Availability. A 99.5% uptime commitment, backups across data centers by default, and multi-region setups on request.
Private connectivity to your network, with fixed IP addresses for your access lists.
Monitoring of every transaction, with alerts before customers notice a problem.
Your choice of hosting. Hosted by us, or installed on your own servers.
Led by BIAN-certified architects, following the banking industry's open standard for modular design.
No. Start alongside it and move products over only when you're ready, or run Cowally as your core from day one.
Yes. You can start with loans only (applications, payouts, the loan book and collections) and add savings or payments later if you need them.
It can take as little as a month. The timeline depends on whether you migrate existing data, how available your technology team is, and how much you launch at once.
Yes. Each part works on its own, so you can start small and add the rest later.
Products, workflows, approval rules, reports, customer notifications, and roles and permissions, all with approvals. New provider connections and regulatory changes go through technical review.
Either. Hosted by us includes updates (regulatory ones too), monitoring, support and disaster recovery. On your servers, you get licensed modules, documentation and support according to your plan.
With institutions in the United States, Colombia, Guatemala, Mexico and Panama. Colombian regulatory reports are built in; other countries' requirements are set up during implementation.
Yes, when your regulation requires it.
AI services are switched on per client and billed by use.
Yes. Any tool can be acquired on its own and connected to your systems through the API.
In one session we'll look at the financial products you want to launch, show Cowally running one like them, and recommend the path that fits you: alongside your current core, or as your core.