Solutions

FINTECH

Our accelerator solution for the FinTech industry. We provide a pre-built custom connector to seamlessly integrate credit union applications with their Core banking. This product includes pre-built integration and mappings in an easy-to-use framework.

Easily integrate solutions such as Jack Henry, DNA, Encompass, Genysis, Five9, Dynamics 365, MeridianLink, and more.

The Boomi platform with this product helps the banks to address the following challenges:

High Operational Overhead

• Reduced the need for frequent database calls, lowering costs and improving system efficiency.

Slow Product Development Cycles

• Addressed delays in launching new products by enabling faster development through a microservices-based toolbox.

Rigid API Integrations

• Resolved inflexibility in API integrations by introducing adaptable bindings to Open Banking standards (e.g., BAIN, PSD2).

Exposure to Security Risks

• Mitigated risks associated with direct CoreBanking API exposure to external vendors by implementing a secure integration layer.

Complex and Inefficient Authorization

• Simplified access control with coarse-grained authorization, ensuring effective security in static and straightforward environments.

Difficulty in Meeting Compliance Standards

• Overcame challenges in adhering to stringent regulatory requirements like PCI through enhanced compliance measures.

Inconsistent Customer Experience

• Resolved customer dissatisfaction by improving platform reliability, scalability, and responsiveness.

Competitive Pressure

• Addressed the need to stay competitive by enabling faster innovation, integration, and service delivery.

By implementing this product, clients can:

Optimize Platform Performance

• Learn how response caching can significantly reduce database calls, enhancing efficiency and scalability.

Accelerate Product Development

• Discover how reusable microservices can speed up time-to-market for new products and foster innovation.

Implement Flexible API Integration

• Understand how to enable seamless integration with Open Banking standards like BAIN and PSD2 to drive interoperability and growth.

Enhance Security Posture

• Explore strategies to protect CoreBanking APIs by avoiding direct exposure and using coarse-grained authorization effectively.

Meet Compliance Standards

• Gain insights into implementing stringent regulatory requirements, such as PCI compliance, to safeguard sensitive data.

Elevate Customer Experience

• Learn how to improve reliability and responsiveness to deliver a superior customer experience.

Strengthen Competitive Position

• Discover how to leverage these advancements to stay ahead in a dynamic financial services landscape.

Reduce Operational Complexity

• Understand how to streamline operations and reduce overhead through better system architecture and practices.