Challenge: Drive competitive edge in your organisation
Organisations must innovate to attract and maintain customers and remain relevant in a competitive and crowded finance marketplace.
One of the challenges for GFT’s banking customers is the adoption of open banking and open finance products. This is still in its early stages, but it is growing rapidly. Open banking allows third-party FSIs to access customers' financial data from banks and other financial institutions through secure APIs.
Open finance is an extension of open banking that allows third-party providers to access via APIs a wider range of financial data, including data from investment platforms, insurance companies and pension providers. This allows customers to share their financial data with other providers, such as budgeting apps, investment platforms and lenders.
POV: Securing and monetising customer data
Financial Services organisations can monetise their open banking and open finance products by charging for secure and consistent access to their customer data through their product APIs. Access to the data can be provided to other teams within the bank to allow for greater business insight through data analytics. Organisations need to develop products that comply with the standards and regulations like the new Swift standard (ISO 20022).
Google Cloud Apigee
Apigee is an API management platform developed by Google Cloud. It helps businesses to develop, manage, secure, and monitor APIs. Apigee provides several features that can help businesses to improve the security, agility, scalability, and governance of their APIs. Some of the key features of Apigee include:
So what: Curiosity drives capability
Across all main cloud platforms, our cloud engineers rank as some of the highest in the industry. We enable, modernize, migrate, run, innovate, and evolve cloud systems (native, hybrid and multi-platform) for some of the world’s largest organisations.
We have 10,000+ knowledgeable engineers and sector specialists on hand across the world to build the best team for the job. We create new experiences through human-centred design and proven frameworks for complex, scaled agile delivery.
We have top-tier partnerships with all the major hyperscalers and cloud service providers.
Value: GFT cloud engineering
Extensive experience and demonstrable expertise
Gain greater business insights using Apigee Analytics to adjust the product roadmap..
Implementation of innovative API products
Use Apigee's monetisation feature to apply a rate plan to externally facing API products and engineer attractive developer portals that showcase the APIs.
Implement complementary products
Including Apigee Advanced Security and Apigee Sense, to protect APIs from abuse through call pattern analysis to detect anomalous and suspicious patterns and automatically implement policies to close threats, securely manage keys, rate limit, manage authentication and more.
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