FIS Modern Banking Platform
Advance your bank with a modern core platform.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
FIS Modern Banking Platform
Advance your bank with a modern core platform.
Data Restore
Protection from disaster.
Code Connect
The power of APIs with the scale of FIS.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
FIS Private Capital Suite
Data Exchange Solutions.
IFRS17
The right strategy for transformation.
Commercial Lending
Speed up the decision process.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Two of the hottest topics in global banking are Application Program Interfaces (APIs) and the Payment Services Directive II (PSD2), as they’re central to the Open Banking agenda and enable banks to innovate using their current systems.
Open APIs can allow for banks to work with tech partners to quickly add new services, grow revenues by extending their ecosystem, and push more bank functions to the secure cloud, reduce operating costs.
APIs provide a secure gateway to the data and transactions that flow through a bank’s core system. However, every bank’s core is different and each bank must define its own set of APIs based on its unique core architecture. This means every engagement with a third party is a custom engagement and may cause additional and even unexpected work for both parties.
One solution is to develop an API handler to connect a bank’s backend to available APIs, though this should only serve as a short-term fix. For financial institutions with a core solution from FIS, this is not an issue, as they have access to a hub of 300 “plug and play” APIs that work with their existing systems right away.
Tags: Data Management & Analytics, Innovation, Technology
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