The banking industry has been affected by the global trend of emerging new technologies, changes in customer preferences, the world of open banking and economic pressures that are transforming the banking structure. Today, Financial Technology (FinTech) is recognized as one of the most important and rapidly evolving innovations in the financial industry.
The emergence and growing importance of digital banking to consumers, financial institutions have revolved around the capacity of open banking systems. Through application programming interfaces (APIs) open banking allows the integration of products and services that can help deliver better consumer experiences. APIs are coming to the fore as critical enablers for financial services in their digital transformation journey.
Open core-banking API systems allow financial institutions to add, upgrade, and swap components easily without any proprietary constraints; and the ability to keep up with rapid technological changes, particularly in digital banking.
At IDBI Intech, we use cutting-edge cloud technology to connect Fintech solutions to financial institutions, ensuring that IDBI Intech clients have the most secure and reliable integration environment in the industry. IDBI Intech provides the access needed to the financial institutions towards consulting, removing integration obstacles and providing a seamless connection between third-party API solutions and financial institutions’ core banking. We offer niche services across complete end to end lifecycle management of API’s: