The 4 Steps to Future-Fit SME Banking
Application Programming Interfaces (APIs) have revolutionized software by breaking up end-to-end proprietary systems and allowing smaller pieces of software from different vendors to work together via standardized protocols. The collaboration created with APIs has revolutionized how web services work and it is the driving force behind open banking. Banks and insurers can now improve their services by integrating third-party software with APIs.
The FintechOS Ecosystem Hub provides access to a large number of third-party services and data sources that you can use in your products and customer journeys without the need for separate integration. We have over 150 pre-integrated data sources that you can use already and this number is steadily rising.
The value of accessing third-party functionality through the Ecosystem Hub is clear: you do not only have access to data and services, but you can immediately use these in the Innovation Studio just as you would use internal capabilities, resulting in new service offerings which are superior in terms of cost, performance and convenience.
Focus on the core product offerings that you want to compete with and supplement these with convenience offerings from the ecosystem
With pre-integrated ecosystem services you can develop less and deliver more in the same timeframe.
Be at the forefront of the open banking revolution with integrations offered by the Ecosystem Hub. Become the centre of all financial services for your customers.
Reduce risk and create upsell opportunities through machine learning and AI focused ecosystem partners. Benefit from technologies that would take too long for you to develop alone.
Branch out into new markets like international money transfer and other payments services to attract new customers.
Focus on leveraging the power of the ecosystem to innovate, setting you free to create new revenue models, products and services.