Open API

Open up new opportunities with an open application programming interface

IMPLEMENTATION OF AN OPEN APPLICATION PROGRAMMING INTERFACE (API)

We help banks and other organizations implement an open API effectively. Such open platforms provide open access to data, supply the infrastructure for interaction and set the terms for it. Their main purpose is to create value for every participant: monetization, growth of the customer base and of new data, interaction and value exchange with fintech companies

Why implement Open API

  • There are many IT companies on the market that process large data sets and offer new ways to increase sales, improve work with the customer base and make marketing more transparent.

    A new developer ecosystem is taking shape, in which each player solves a narrow task in the value chain: extracting data, managing it through an exchange, and monetizing information inside the bank and on the open market.
  • Open API is one of the most effective ways for a bank to join this ecosystem and gain fresh ideas for developing its business.

    An open programming interface helps you interact with partners and customers, build new business models around your own services and move the company forward.

Implementation of IBM API Connect

Prime Source helps organizations implement IBM API Connect quickly and effectively — a comprehensive management platform that covers all four API cycles: create, run, manage and secure.

With this open programming interface, external and internal consumers can accelerate API creation and generate revenue through new ways of engaging with customers.

Thanks to its Platinum partnership with IBM, Prime Source implements solutions quickly and cost-effectively and provides clients with high-quality service.

Types of open API

  • Internal

    Access to the interface is granted to internal developers only, so that the applications are used by a strictly defined group of people

  • Partner

    Access to the interface is granted to a limited set of business partners, so that the applications are used by specific customers and business users

  • Public

    Access to the interface is granted to all external developers. The applications target end users

How Prime Source helps organizations with IBM API Connect

  • 1Helps open up access to enterprise business services

  • 2Helps exchange information between systems and applications

  • 3Simplifies interaction between companies, developers and customers

  • 4Helps develop new services

  • 5Increases development efficiency and the flexibility of internal processes

  • 6Helps maintain, develop and unify interaction with partners

With Open API we opened our programming interface to partners and to internal and external developers. This let us build our products faster and at lower cost, monetize our own data and give external developers the chance to create useful new applications.

Advantages of IBM API Connect

  • Securely unlock assets

    Business services can be extended through APIs to new mobile, web and Internet of Things applications

  • Manage innovation

    Third-party developers can be attracted and engaged by socializing APIs with built-in enterprise governance

  • Gain insight

    Insight into which APIs have the greatest impact on the organization's API program

  • Grow revenue channels

    New revenue streams through monetization of the API program

Other products

Business Intelligence

Reporting of any complexity and purpose

Robotic Process Automation (RPA)

Reach new frontiers of productivity

AML and Anti-fraud

Maximum automation and uninterrupted financial monitoring processes