To achieve this goal, banks must provide third parties with a pre-defined set of public APIs.
The API minimum set that we offer to banks includes the following:
Account Information Services (AIS) to enable third parties to read data from different accounts in multibanking.
Payment Initiation Services (PIS) to enable third-party providers to trigger payment.
Confirmation on the Availability of Funds (CAF) so that third parties can determine whether there is sufficient liquidity available.
We offer Public APIs for the entire banking product portfolio, providing banks with many opportunities to introduce new services and business models.
In open banking, it is essential for banks to manage access control and authorisation processes according to the highest banking security standards in order to minimise the risk of fraud.
All CREALOGIX Public APIs follow the latest digital banking security standards and allow third-party access via OAUTH2. Our Identity Provider offers the OAUTH2 standard and is also secured by additional mechanisms such as dual authentication or an extra certification process for third party vendors.
Our Identity Provider is an independent solution that can be easily integrated into your system landscape and can work with any database.
As pioneers in digital banking, we see the introduction of public APIs as an opportunity for banks to position themselves as attractive partners for their customers and differentiate themselves in the market through the provision of new services. In addition to the OAuth2 solution and the API Store, our public API solution also offers banks an API management system that enables them to control and orchestrate their interfaces, including monitoring, tracking and monetisation.
Authorisation using the market standard for public APIs – OAUTH2
API domains as functional grouped interfaces that abstract technical dependencies
API management for banks and customers, including administering the on-boarding process, monitoring interfaces and their use, and monetisation models
API Store for presenting APIs to third-party vendors so that they can integrate them