Scaling a Leading FinTech’s API Platform Acros the Globe

Enabling Global FinTech’s Expansion through Open Banking API Integration

GlobalLogic developed an API platform that integrates Open Banking APIs, enabling one of Europe’s leading open banking platforms to scale globally and deliver a consistent and easy-to-use toolkit for their clients.

Opportunity

Our client is a FinTech company that provides one of Europe’s leading open banking platforms, providing real-time bank payments, data and identity APIs across the UK and Europe.

They leverage Open Banking to facilitate the integration of APIs by Third Party Providers.

When we began the collaboration, our client was looking for an experienced software company with a strong domain knowledge of the financial services sector. GlobalLogic was chosen as their technology partner to develop and fuel the global scaling of their API platform.

Value created

GlobalLogic helped develop the platform that integrates Open Banking APIs and provides clients with an easy & secure way to access account information from financial institutions and initiate payments. 

At the same time, the platform also provides financial companies with a consistent and easy to use toolkit and enables them to build modern and regulatory compliant financial apps.

Impact

As a reliable technology partner, GlobalLogic helped develop the API platform by providing the necessary integration expertise, while supporting the client in their global expansion.

The platform follows strict security practices and is 100% regulatory compliant with the EU directives for financial services (PSD2).

We facilitated onboarding and knowledge transfer, security training, and IT operations.