Building an Open Banking API using a secure and standard framework for sharing financial data between banks, third-party providers, and customers.
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Building an Open Banking API using a secure and standard framework for sharing financial data between banks, third-party providers, and customers.
We are CarboX, a business solution provider headquartered in Singapore that aims to help companies across Asia to take actions against climate change and achieve carbon neutrality
View Case StudyHow can SCB securely share financial data between banks, third-party providers and customers. The problem for the Open Banking API project with Standard Chartered Bank revolves around securely sharing financial data among banks, third-party providers, and customers.
Building an Open Banking API using a secure and standard framework for sharing financial data between banks, third-party providers, and customers. The project encompasses the development of an Open Banking API, constructed upon a secure and standardized framework, aimed at facilitating the exchange of financial data among banks, third-party providers, and customers.
The development process spanned several months, with ongoing iterations and enhancements to meet evolving business needs and address feedback from stakeholders.
This segment delves into the deep process of crafting the project's website—a pivotal platform for conveying brand identity and captivating the target audience. Every stage, from the initial concept to the final execution, has been thoughtfully curated to ensure a fluid online presence that harmonizes with the project's overarching goals.
We worked with SCB in implementing the open banking API’s that allowed customers to access and utilize their financial information securely across multiple platforms and services. This initiative aimed to foster innovation, competition, and choice in the banking industry while ensuring data privacy and security through strict authentication and authorization protocols
We designed and developed critical components such as KYC and batch processing using Spring Boot. The efficiency and scalability of the solutions were tested using extensive unit tests, load tests, and stress tests to ensure the reliability and quality of the codebase.
In partnership with Standard Chartered Bank, we developed an Open Banking API that securely shares financial data among banks, third-party providers, and customers. Our solution promotes innovation and competition while prioritizing data privacy and security through strict protocols. Critical components like KYC and batch processing were efficiently designed and rigorously tested to ensure reliability and scalability. This transformative project aligns with our overarching goal of revolutionizing the financial landscape.
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