Hel­lenic switches on live API-based bank­ing

Financial Mirror (Cyprus) - - FRONT PAGE -

Build­ing on the re­lease of six pub­lic Ap­pli­ca­tion Pro­gram­ming In­ter­faces (APIs) for de­vel­op­ers to use last April, Hel­lenic Bank has taken a fur­ther step to­wards mak­ing Open Bank­ing a real com­mer­cial op­por­tu­nity. As of Septem­ber 29, de­vel­op­ers will be able to take their prod­ucts live via the API De­vel­op­ers’ por­tal and pro­mote them through a Mar­ket­place (pro­pri­etary store) built into Hel­lenic Bank’s busi­ness web bank­ing chan­nel.

By 13 Jan­uary 2018, Open Bank­ing will de­liver a new, se­cure op­tion for cus­tomers to share the fi­nan­cial records held by their banks with oth­ers. This means that, with cus­tomers’ per­mis­sion, third party de­vel­op­ers can build new dig­i­tal ser­vices that use this data to do other things – for ex­am­ple, to make pay­ments with­out log­ging in to the bank.

Hel­lenic Bank’s new API de­vel­op­ment en­vi­ron­ment is an in­for­ma­tion-rich mi­crosite that lets de­vel­op­ers trial the new apps they build us­ing re­al­is­tic data supplied by Hel­lenic Bank. The plat­form in­cludes ex­ten­sive sup­port and doc­u­men­ta­tion, and pro­vides an en­try-point for Hel­lenic Bank’s ap­proval to take new apps live.

Hel­lenic Bank’s Group Head of Dig­i­tal Bank­ing and In­no­va­tion, Natasha Kypri­an­ides, sug­gests that the de­vel­op­ment will open huge op­por­tu­ni­ties for cus­tomers. “As a firm be­liever that the fu­ture of bank­ing is ecosys­tem-based, Hel­lenic Bank is work­ing to­wards util­is­ing the launch of the live en­vi­ron­ment and in­te­grated mar­ket­place to de­liver true life­style bank­ing to cus­tomers.”

“The first use case will en­able cor­po­rate cus­tomers to do their bank­ing di­rectly through their En­ter­prise Re­source Plan­ning (ERP) sys­tems,” she ex­plained. “In­te­gra­tion the most pop­u­lar ERP so­lu­tions and in­vest­ing in mo­ti­vat­ing these part­ners to in­te­grate with their APIs.

The vi­sion en­tails the pro­vi­sion of a Mar­ket­place to busi­ness cus­tomers, al­low­ing in­te­gra­tion into the busi­ness web bank­ing ser­vice and, im­por­tantly for ease of ac­cess, ac­ces­si­ble via ex­ist­ing on­line bank­ing cre­den­tials.

Cus­tomers will, then, be able to ac­ti­vate al­ready-in­te­grated apps and plat­forms of their choice with just a click.

These ini­tial plat­forms will be the most pop­u­lar ERP sys­tems and will elim­i­nate the need for the cus­tomer to di­rectly en­gage with in­te­gra­tors.

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.