Thrive in an Open Banking Environment with Oracle Banking APIs Innovation in technology and the platforms driving their adoption are two sides of the same coin. Banks have the potential to be platforms connecting customers to the latest in financial technology by adopting Open Banking and connecting to the prevailing digital ecosystem. Banking APIs are the life lines of an efficient Open Banking system enabling integration of third-party innovators, corporates, and banks.

API Gateway API Discovery and Documentation Security and Identity Management

Oracle Banking APIs

Digital Experience Fintechs Corporate

ERPTPPs, AISP, PISP

Packaged API solutions are the way forward for any financial institution seeking to take the open banking path. Banks looking for faster-time-to-market on open banking have a few hurdles to cross. How does their core banking solution provide services or APIs capable of connecting to an API gateway? Does the bank’s pricing engine manage the demands of an open banking environment? Will the Open banking solution be compliant to regulations like PSD2? Can the bank launch an Open banking platform with minimum disruption to its existing operations? The Oracle packaged API solution for Open Banking offers more than 1500 ready to deploy RESTful APIs to build connected experiences across the banking value chain. An API first strategy to development ensures that applications are updated with latest security protocols and compliance with various Open Banking regulations. Extensive Documentation of APIs on Swagger is well indexed, ready for outbound discovery and provides lift and shift capable libraries. Mature industry standard RESTful APIs empower banks to easily integrate their existing technology to an API gateway, an identity, and a security management solution. Fine grain entitlement management and authorization management capabilities with inbuilt limits management and approval framework make the solution a key component for building a formidable open banking player.

Customers

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Workflow Orchestration Security and SCA Alerts &

Notifications Multi-Entity Approvals

ExtensionToolkit Configurations Access

Management Limits File Uploads

Originate Account Service Account Customer Service Customer Delight

App Capture App Tracker

Instant Funding Electronic Documents

Trade Finance Payments

Bulk Payments Customer 360 View

Service Request

Customer Financial Insights

Goals

Revenue Management & Billing

Product Processors

Deposits Lending Payments Cards FX Virtual Accounts

Trade Finance

Liquidity Management Collections Pricing

P 2Thrive in an Open Banking Environment with Oracle Banking APIs

A One Stop Shop for Open Banking Technology and Functionality

Ready to Deploy RESTful APIsOracle Banking APIs provides more than 1500 Pre-built RESTFul APIs enabling the bank, Fintechs and other players to offer instantaneous solutions for both retail and corporate customers across the banking lifecycle.

Simplified Co-ExistenceOracle Banking APIs is the one solution that connects the entire Open banking technology landscape within a bank and keeps it ticking. The solution integrates with any core banking product processor and is capable of co-existing with APIs already available in the system. It can also connect with any API gateway, identity management, and security solution. Banks can harmonize corporate to bank connectivity with Oracle Banking APIs.

Easy Discovery and Rich DocumentationThe success of any open banking initiative depends on easy discovery and availability of quality API documentation. Oracle Banking APIs provides rich and extensive API documentation on Swagger. This ensures that APIs are built according to industry-defined standards and are ready for outbound discovery.

Smart API MonetizationThe solution enables accelerated API commercialization with features like contextual relationship driven pricing, high fidelity insight on fees and charges, intelligent pricing engines and in-built loyalty reward mechanisms.

Consent and Entitlement Management The solution offers granular entitlement management. Provides a consent management interface for banking customers. It eliminates the need to build security in every application with an API first strategy.

“ “Orchestrate Open Banking Strategy from a Single, Scalable Solution

P 3Thrive in an Open Banking Environment with Oracle Banking APIs

Banking APIs Matured over Two Decades across Business Lines

Account ServicingAPIs servicing the entire lifecycle of accounts like Term deposits and Demand deposits. Enable origination, account maintenance, check management operations, debit card functions. These are key APIs for PSD2 compliance and to build account aggregation capabilities.

Credit Cards ServicingAllows banks to ‘let out’ functionality like origination, payments, limits and inquiries management with credit card APIs. Allows management of corporate credit cards with the bank to corporate connections. Provides a view of various card management functions like billing cycle, auto payment and wallet integration.

Loans ServicingLoan account origination and servicing are a key part of the banking business, APIs provide information on loan transactions, inquiries, and help generate statements. Loan servicing functions like top-up loans are made available through Retail and Corporate Banking lending APIs.

PaymentsOne of the most attractive sectors for disruptors, payments APIs provide a plethora of functionality- Domestic, peer to peer, international and merchant payments. Enable draft issuance, bill payment, credit card payment, and remittances. Support corporate functions like bulk payments.

Trade FinanceIntermediaries such as banks and financial institutions can facilitate both domestic and international trade transactions using trade finance APIs. APIs for various trade finance operations including Letter of Credit, Bills and Collections and Bank Guarantees. The APIs enable users to make inquiries on existing trade contracts from the core banking system as well as allows the user to create new trade contracts.

BANK

“ “Oracle Offers more than 1500 Ready to Deploy RESTful APIs across banking functions

Loans

Originations

Payments

Customer Financial Insights

File Upload

Configurations

Accounts

Credit Cards

Approvals

Wallets

Deposits

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More than 1500 ready to deploy of RESTful APIs to offer connected experiences for customers

Simplified co-existence across banks, innovators and corporates

Accelerated API commercialization with intelligent pricing

Extensive API documentation available on Swagger

Mature Retail, Corporate and Payments Banking APIs

Differentiated Open Banking with Oracle Banking APIs