How to simplify a complex core banking layer with globally standardized APIs
Being an early adopter of technology, banks have become resilient to change because of their core banking system, which are complex, and reduce their 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 multi-national 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 elegant simplicity of APIs
point-to-point interfaces replaced with just 440 API’s
globally standardized API’s