Being an early adopter of technology, banks have become resilient to change because of their core banking systems, which are complex and reduce banks’ ability to respond to the customer demand for product innovation. This often results in a huge increase in their time to market.
Infosys recently revamped the infrastructure of a multinational bank, improving their peer-to-peer (P2P) multiprotocol architecture and an excessive 5,000 point-to-point interfaces to connect backend systems to the customer facing ones. We proposed a more workable system by creating globally standardized Application Programming Interfaces (APIs) so that they could be reused for new product launches, irrespective of geography. Our client was thrilled with the results, as the system delivered significant improvements in time to market for new products, created new digital channels of engagement, and enhanced security.
Find out more about how you can replace the complexity of point-to-point interfaces with the simplicity of APIs.
point-to-point interfaces replaced with just 440 APIs
globally standardized APIs