API Banking

Application Programming Interface (API) Banking is a suite of simple, secure, smart interfaces for the bank’s corporate customers and partners. There are more than 100 + ready Financial API for launching Open Banking Solution. The suite includes a user interface for your business and operations teams to configure the behaviour of services (Service Center), a monitoring dashboard for operations and support staff (Console).
API Banking unacores

Product Overview →

Features

API Banking Dashboard with a transactions report enhanced with advanced search options.

Corporates are given the flexibility to create and manage users and profiles to have better control and access to their corporate transactional data.

Two Factor Authentication to avoid unauthorized access to corporate transactional data.

Maker – checker feature to ensure 4 eye principles.

Customized reports as per Corporate requirement

Relay operational communications to Corporates

Key Proposition & Benefits

E-Commerce & Telecom

  • Payables to vendors – Real-time Vendor payments through API Banking
  • Receivables – Validate incoming electronic receipts instantly and log eligible entries into your ERP through web services exposed by the Bank
  • Wallet Servicing – Cash out option for captive wallets
  • Instant Refund payments to customers – Instant processing of refunds made by consumers using IMPS API’s ensuring 24/7 servicing
  • Timely Alerts
  • Better Monitoring
  • Highly scalable
  • Enhanced Management Control
  • Superior Customer Experience
  • Easier and effective collaboration
 
 

Education & HealthCare

  • Fees collection through API Banking or Virtual account
  • Invoicing and Bill Management facility for universities and hospitals
  • Prepaid Cards and Expense Management Accounts – API linked activation/loading and reloading of prepaid cards and expense management accounts
  • Automated Reports
  • Better Monitoring
  • Enhanced Management Control

Financial Institutions & Manufacturing

  • Loan Disbursements through Real Time Banking
  • Bank Branch Cash collections
  • Receivables – Validate incoming electronic receipts instantly and log eligible entries into your ERP through web services exposed by the Bank.
  • Superior Customer Experience
  • Enhanced Management Control
  • Better Monitoring
  • Automated Reports
  • Offering for untapped market segment.