News!: Opus Technologies Launches FinGeniusAI Solutions – An Open Innovation Platform for Building Future-Ready Solutions.. Know More
News!: Opus Technologies Launches FinGeniusAI Solutions – An Open Innovation Platform for Building Future-Ready Solutions.. Know More

Accelerate API Experience and Modernization

Build and innovate for the digital future at scale with API experience and modernization

With 25+ years of deep industry experience in transforming legacy banking technology, Opus helps banks, financial institutions, credit unions, and service providers embrace the digital future through open banking, the Banking Industry Architecture Network (BIAN), financial-grade APIs (FAPI), embedded finance, and API-first cloud-native solutions.

Key Challenges Faced by Card-Issuing Players With API Modernization

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Dependence on legacy applications makes it difficult to upgrade to the latest technology standards

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Lack of expert knowledge in relation to the adoption and implementation of APIs and microservices

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Absence of industry-wide consensus around the benefits of standardization in API definitions

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Inability to innovate at the pace of upcoming FinTech startups

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Need for a common repository to store API data and source code

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Inadequate industry-recognized banking technology framework that simplifies and standardized integration with core banking architecture across the financial services ecosystem

Facilitating the API Economy and Open Banking Revolution

The API revolution has transformed the way banks and Fintechs work to provide financial services. Given the role APIs play in enabling technology-driven financial products and services, BIAN and Open Banking have become critical to the delivery framework. Adopting these industry standards has been a daunting task for institutions running legacy IT solutions. With a vast range of experience-driven insights, Opus helps banks and financial institutions navigate their way to a thriving and open digital future. By enabling API modernization, Opus accelerates go-to-market strategies, enhances customer experiences, improves operational agility, and supports new channel opportunities through cloud-native solutions.

Our API Experience and Modernization Solutions Include

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Enabling financial institutions to adopt Open Banking and BIAN standards to build digital products and services for the new age market

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Developing scalable and resilient cloud-native APIs to support the latest technology architecture

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Implementing an embedded finance strategy that allows banks to use the power of APIs to allow their customers access to a range of financial tools through digital channels

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Enriching security by implementing FAPI and securing data at all levels using OAuth, JWT, JWE, OCTA, and NoName Security

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Enabling a comprehensive API management strategy through continuous monitoring, analysis, and performance optimization

Opus Delivers Better Customer Engagement by Accelerating the API Experience

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Enables self-servicing mobile card controls through digital channels that allow cardholders greater control over their usage

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Facilitates digitized PIN issuance that allows a customer to start using the card almost immediately after its delivery

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Allows integration with issuer-led installments, such as the Buy Now, Pay Later (BNPL) feature, that require real-time credit decisioning to qualify a customer

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Enables real-time issuance of virtual cards and seamless provisioning into digital wallets

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Supports a multi-channel digital experience with seamless data exchange across in-app, online, and in-store payments

Recommended Resources To Explore

Frequently asked questions

API modernization is an approach to transforming legacy APIs and services to make them configurable with modern technology frameworks. This also includes employing best practices for managing the API lifecycle and securing data layers through the latest security standards such as OAuth 2.0 and JWT.

API, or Application Programming Interface, is a software application that allows data exchange between two applications, services, or programs. As an intermediary layer, APIs contain protocols that allow applications to request and share data.

An experience API replicates customer workflows and integrates them as a service for delivering business capabilities. This approach promotes customer engagement and opens up new revenue channels.

Security and standardization are among the main characteristics of modern APIs. They are easy to scale and integrate, developer-friendly, and well documented.

A capability API is based on the way core banking services work and integrate. In contrast, an experience API is focused on how a customer interacts with the data and the system.