New technology entrants replicating Fintech and existing banking services challenge the banking industry on a daily basis. Current assets from banks are losing value while startups and incumbents from other industries are entering the space. Banks widely use APIs, but despite widespread use, a recent study found that most banks still struggle with challenges ranging from getting the infrastructure in place to finding suppliers to setting strategies and objectives. Virtusa has an API banking fabric that can support expanding use cases and business scenarios as well as accelerating the banks API implementation journey.
Our Key Offerings
Open Bank API Accelerator: These accelerators connect to Private APIs, Public APIs, FinTech APIs, and Client APIs enabling quicker go-to-market for solutions around digital advice, robo-advisors, digital lending, trade surveillance, and blockchain technology.
Micro-Services Repository for Corporate Banking: This gives banks and financial institutions the ability to create functional decomposition (process, sub-process, and business rules) and accelerate putting APIs to work. This is enabled through a business-ready process repository, single-page process maps, BAR taxonomy framework, and a micro-services repository across cash management, trade finance, lending, and client lifecycle management.
We have strategic partnerships with leading product companies such as Akana, Apigee, CA Technologies, IBM API Connect, MuleSoft, and Open Bank Project that make Virtusa a partner of choice for banks that need to take their APIs and microservices to the next level of adoption.