5 Keys to Successful Bank Core Integration Projects
In this digital age, financial institutions are increasingly reliant on diverse applications that need to seamlessly work together. Whether it’s extracting data from the core to propel your new marketing campaign or processing new loan data back into the core, or generating actionable reports based on the reliable data delivered from several systems – these, and almost any other new system deployment requires some degree of integration between various systems.
Open Banking and APIs
The advancement and adoption of API technology by core banking vendors and application providers is fostering significant evolution within the industry. By offering APIs that handle core transactions, loan processing, user management, and card network interactions, these providers are enabling a whole new level of integration and automation capabilities.
Automation in Banking
Automation in banking has been a key driver of operational efficiency, accuracy, and improved customer experience. It involves using technology to perform tasks that would otherwise require human intervention, often repetitive and routine tasks. Automation can range from simple rule-based scripts to more complex AI-driven decision-making systems.
8 Benefits of APIs in Banking
The pace of technological evolution in financial services has been accelerating at a meteoric pace. With banks and fintech companies developing new products and services at breakneck speed, customer expectations continue to grow. Given the constant digital innovation, such as ...