API Banking - A new frontier for banking services
Application Programming Interface (API) Banking is a suite of simple, secure, smart interfaces for the bank’s corporate customers and partners. As there is a growing demand for simpler and accurate transactions from corporates that go beyond what automated file transfers can offer, each interface is carefully designed to enable a deep integration between your systems and your partners. The suite includes
- A user interface for your business and operations teams to configure the behaviour of services
- A monitoring dashboard for operations and support staff, a testing tool with pre-baked test plans for quality assurance
- A deployment tool for your change management teams
API Banking or Service Oriented Banking throws open a new set of opportunities for banks to deliver services to their customers. Features like reduced turnaround times in availing services and a more evolved interaction cycle helps in improving the service delivery and consumption experience across the eco-system.