Our company helped the client with several important technical solutions, namely: creating a progressive embedded finance platform, updating the legacy system and bringing it to modern standards, and creating a user-friendly portal that gave technical IT professionals access to all necessary production resources. More details and additional information about each of our solutions are presented below.
Our Embedded Finance Platform
We created an embedded finance platform for the bank that allowed retailers and other businesses to embed our client’s banking solutions to sell their products and services. Having such a platform today is not just a possible option, but also an absolute necessity for banks that want to operate successfully in the financial market and have a competitive position among other financial institutions. It enables customers to get the necessary convenient management of their finances, speed up the number of transactions, increase competitiveness, and have an intuitive interface.
As part of our embedded finance platform, we have developed the AIS functionality that allows service providers to securely access accounts and customer data. We have also implemented PIS functionality, which enables service providers to create new payment solutions that will allow them to make payments and financial transactions more optimally. The introduction of AIS and PIS allows reducing the cost of payments, increases convenience, and provides better targeting solutions for banking services.
New Legacy System
When the customer came to us, he had an outdated legacy system that was not competitive in the market. We have speeded up and simplified the Legacy API so that our client can work in a modern JSON format. The introduction of a new legacy system allowed the bank to gradually move to new, better standards of work, without interrupting the period of integration. In addition, the new system allowed to introduce innovations and increase competition as soon as possible, which in turn was very useful for the customer.
Portal for Developers
As part of cooperation with the client bank, our company has also created a portal for developers. Thanks to it, programmers gained access to aa personal account, where they had the opportunity to get acquainted with production resources, find the necessary documentation, and test the API in the sandbox. This portal also helped IT technicians set up and manage the connection between the API and internal and external systems. In addition, thanks to the developer portal, technical IT specialists had the opportunity to work faster and more efficiently.
