Open banking builds a digital ecosystem that depends not only on its features and options but also on one that supports its brand and, most importantly, its customers. With the growing demand in the market for developer talent, the pace and scale of innovation are driving the adoption and expansion of partner ecosystems to support both customer experiences and process improvements.
To provide better digital experiences and boost productivity, tap into a wealth of data. Open banking opens up a slew of new opportunities for banks, allowing them to quickly provide slick digital products that attract and engage clients while also streamlining processes.
Allowing repeated use of pre configured modules, components, and functionalities for different applications. The pre-configured modules, for instance, comprise certain core functions that are common for several applications. These can be used wherever applicable, making the process of application development a lot quicker.
The creation of a user interface that is highly visual and feature rich from a content standpoint when accessed across any device
An API based model to invoke any business process or data elements based on appropriate security by a third party .
The development and deployment of an application that encourages a DevOps based approach
An automated application delivery, configuration management & deployment
Creation of scalable business processes (e.g. client on boarding, KYC, Payment dispute check etc) that natively
emit business metrics from the time they’re instantiated
to throughout their lifecycle