Over the past few years, the financial industry has been significantly influenced by new market requirements, and as a result, it has changed its appearance greatly. First of all, innovations are being introduced in the banking sector, where almost all operations are based on modern technologies. Our software solutions open up new opportunities, not only for solving the business problems of a financial enterprise, but also offer integration mechanisms with banking institutions that have our software products installed.
For financial companies, we offer all the same products and technologies based on our slightly simplified SrFinance technology platform.
Among banks, there has been a strong recent trend to expose application programming interfaces (APIs) to third-party financial institutions. Today, the key areas for using open interfaces are direct sales of banking products, service solutions, operating and lending activities, work with derivative financial instruments, risk management, and payment systems.
The introduction of open interfaces (Open API) contributes to the growth of cross-industry partnerships between banks and fintech companies.
Fintech companies use products, technologies and customer data arrays owned by banks, and create technological financial solutions based on them. Banks, in turn, by gaining access to data from third-party organizations, expand their distribution channels and increase their customer base. As a result, the general availability and quality of financial products and services increase.
Our solutions are designed to organize and develop remote sales channels for financial companies, with the ability to integrate with various external services, including banking.
Changes in legal requirements for non-bank participants in the financial services market and the transition of financial companies under the regulation of the NBU increase the requirements for their automation systems. We can offer ready-made solutions: the functionality of product systems, forming XML reports for regulators, integration with various data buses, including banking.