API People is excited to attend Money 20/20 in Las Vegas from October 22nd to 25th. We will meet with credit unions, banks and fintechs to understand their goals and challenges and discuss what success looks like for them.
For credit unions and banks, success typically means that they can innovate faster by rapidly onboarding new online properties to provide compelling experiences for their clients. For fintechs, success means the ability to integrate with as many of their clients across as many different banking cores as possible. API People has delivered success for financial institutions and fintechs, and it is worth taking a quick look at how we have done this ahead of the Money 20/20 conference.
The Three Pillars
Many solution providers focus on elements such as their technology, people, or approach. In our experience, you need three key elements working together to achieve successful outcomes.
Platform
A robust integration platform is needed to build, host, and manage your APIs (the reusable code enabling your systems to connect and exchange data easily). The integration platform makes you, not your core vendor, the center of gravity. It provides you with a central plane for managing the integrations across your IT landscape. More importantly, it eliminates many constraints and connection fees imposed by your core vendor. API People works with several leading cloud platform technologies and can make recommendations based on your requirements.
Connectors
Connectors are the integration accelerators where the integration platform provides you with control and flexibility. Connectors are pre-built interfaces to the banking core and other key systems with common operations standardized on broadly understood protocols like REST over HTTP. The goal behind a connector is to pre-package the difficult integration work so that most of the remaining integration effort is simple mapping updates. Good connectors save implementation time and reduce project risk. API People is happy to demo its connectors to Fiserv (Premiere & DNA), Jack Henry (Symitar & SilverLake), and FIS (IBS & Horizon), among others.
Architecture
The value of an integration platform and connectors is limited unless they are implemented based on an architecture that addresses immediate integration needs and enables increased flexibility and savings with each new project. The architecture must be based on two principles: (1) It must provide reusable connectivity, and (2) it must provide the flexibility to add or remove systems at will.
API People is happy to share some best practices and examples of architectures that drive business outcomes for credit unions, banks, and fintechs.
Trusted Relationship
The other key consideration for our customers is building a trusted relationship with a vendor built around the Partnership and the People.
Partnership
API People strives to be a partner, not just a vendor. As a partner, we work to develop a holistic understanding of our customers and to provide value beyond the individual initiatives we deliver for them. We strive to be as objective as we can to earn and sustain a trusted advisor relationship with our customers.
People
Our team’s professional, intellectual, and ethical qualities are so important that the word “people” constitutes the majority of our company name. Founder Steve Scott originally conceived of a company that would be staffed with a highly skilled team that possessed strong values around integrity, hard work, and the determination to succeed at all times. Our brand is based on our capabilities and the great people who deliver them.
Continuing the Conversation
We look forward to speaking with you at the Money 20/20 event and subsequent conversations. And, of course, we are happy to explore The Three Pillars in greater detail.
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+1 754.307.7745
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