A robust, scalable, and secure solution that is designed to address the ever-evolving regulatory landscape and empower financial institutions to stay ahead in this new era of banking.
Brillio will provide a fully functional Open Banking API Sandbox that offers standardized Open Banking APIs with financial grade security using OpenID’s FAPI standard. This sandbox is readily available to be deployed in your environment with Infra-As-A-Code templates, or it can be quickly customized to suit your needs. It also provides mock data facilities that can create data as per your Bank’s needs. The Sandbox is built on AZURE cloud native architecture and uses open-source technologies including Azure Static Web Apps, Azure Active Directory B2C, Azure API Management, React, NodeJS and Keycloak.
Consent management and Data management are also two key important aspects of the sandbox that helps provide users full control of their own data and provide a view of end-to-end financial footprint.
Open Banking API Portal
A fully functional API catalogue and developer portal which can be used to publish and distribute APIs for the developer community.
Open Banking Advisory
We go beyond connectivity and data aggregation - we make this usable and meaningful, resulting in better products and customer experiences. • Affordability checks on the fly for lenders and service providers. • Eligibility checking for access to products and services. • Categorization of data for deeper analytics and pre-authorization. • Instant account to account payments. • Variable recurring payments and account to account sweeping. • Personalized financial insights and nudges to power smart savings propositions, through aggregating customers’ accounts and financial data. • Identifying and managing vulnerability for debt management and arrears. • Combining datasets to expand beyond Open Banking, into Open Finance and Open Data. • Compliance with Consumer Duty regulations.
Discovery and Assessment
Our Open Banking experts can help understand your current business needs, IT landscape and provide recommendations for new business scenarios with sandbox customizations for Open Finance use cases. As per the Customer’s objectives, requirements and/or design documents shall be created along with planning, test, and go live documentation as defined by Customer’s methodology.
• Assess the As-Is environment and provide recommendations to comply with Open banking regulations. • Identify new Open Finance use cases with business validations.
Development, Deployment and support In this phase Brillio team will customize the Sandbox to suit the business and data needs of the customers.
• Customization for the Sandbox. • Requirements, technical design, development, and deployment for new Open Finance use cases. • Mock Data customization. • Post go-live support.