The Exclusive API Management Platform For Banks
Using a Digital API Platform, banks can open up their data to third party companies, with the consent of customers, to build their own applications and expose a range of value-added services. It helps financial services customers to securely share their financial data with other financial institutions and transform the way customers’ bank online. The customer has the full control over what transaction information they choose to allow access to and ether have the authority to stop the services anytime they want.
A more accurate picture of the customers’ financial situations and risk level will help lenders to offer more appropriate loan terms through the use of open banking APIs. It could also help consumers get a more accurate picture of their own finances before taking on debt. Similarly, a digital APIs can automatically calculate what customers can afford based on all the information in their accounts, monitor customer accounts, and make use of these data to understand customer needs and wants to provide a better service.
Improve product and service innovations by opening up banking APIs to collaborate with developers or any other enterprise and enhance their digital offerings.
The highly secured architecture of the platform ensures the security of all data as well as the process of banking.
The platform has the facility to adopt and improve it’s functions according to the changing requirements of internal and external entities.