SDK.finance an European FinTech software vendor has announced a white-label RESTful API release. The company aspires to the “open-source” approach in payments and banking industry which is set to change dramatically the way financial products are delivered to market.
The current 1.24.70 version grants access to 70 APIs for transaction-related products with further expansion to 80 within the next two months. It enables developers of banks and other financial institutions to operate with Client Profiles management, Business process management, Accounts, E-wallets, Invoices, Payments, Recurring payments, P2P money transfers, Prepaid & Mass Payments. A number of back-offices for different business actors like CFO, Compliance & Anti-fraud are available from the box. Depending on the user’s need multiple products can be built on the top of company’s API: Mobile Bank, Payment Services, Digital wallet, P2P Money Transfer, Currency Exchange and many others. The API documentation is available on the company’s website
CTO of SDK.finance, Pavlo Sidelov said: “We aim to facilitate the digital transformation of banks & financial institutions across the globe. They have extensive infrastructure, deep customer relationships and a strong focus on data security. But what they lack is speed & agility to innovate. Tapping our APIs product teams & developers can incorporate innovative solutions without the major changes in the existing IT infrastructure. They can easily integrate our APIs into the existing infrastructure linking the core banking system with its innovative front-end components. Banks in turn get the ability to provide superior customer experience and decent return on their technology investments”.