BankableAPI connects banks and third parties quickly
✅ Easily Decouple Infrastructure & Rapidly Open APIs
✅ Get to Market Quickly and Enable All Non-Finance Players
micro-services based open api standardized framework
problem
Legacy & Spaghetti Infrastructure & Systems
Save Cost and Time to Market
Open Banking is Complex
Security Threat, Trust Issues, Customer Base
Demand for Embedded Financial Products within services & products in the market
Standardization
solution
Right Partner for a Winning API Strategy
Become Open Banking Compliant quickly
Plug-n-Play and Open API's rapidly
Enable FinTech and Third Parties to embed financial products in their offerings
Generate New Revenue Stream
Contain and expand customer-base
How does BankableAPI work?
Use Case: Virtual Account as a Service
Virtual accounts are bank accounts that have no physical existence, are temporary, and transact on behalf of a real, physical account. Makes it easy to trace the funds coming through it and helps to identify the source or the payer.
Problem
Neobanks process large transaction volumes each day, which means they need a clear system that efficiently delineates account & amounts within their platform. Also its difficult and time-consuming to obtain federal bank license.
Solution
With Bankableapi, banks can provide virtual accounts as a service to third party Neo Banks and Go To Market fast by enabling them to open/close accounts faster, dynamically attribute payments and improve reconciliation, decrease the number of outstanding bank accounts and their overhead costs.