JMR INFOTECH LOGO

Banks and financial services institutions are exploring new business models to meet the changing demands of the modern customers and to stay ahead of the competition. Open API has brought an inevitable change in the modern banking sector that has enabled the financial institutions respond better to the growing demands of their customers. It fosters an ecosystem that help the banks deliver more customer-centric services.

Few ways in which banks will benefit from Open APIs:

  • Enables third-party payment initiation service providers to offer customers with an alternative payment mechanism linked directly to their bank accounts, thereby opening upto new revenue streams.
  • Allows real-time payment transactions and data flows, thereby empowering the customers with near real-time financial information from their accounts.
  • Improves financial transparency, hence building trust, accountability and enhancing customer experience.

Oracle Banking APIs:

Oracle Open Banking APIs enable banks to drive innovations faster and enhance operating & business models. This offering include 1,500+ ready, functional APIs for payments, retail and corporate banking. By adopting Oracle Banking APIs, banks can take advantage of pre-integration with existing Oracle core banking systems. This will help banks deliver new services with greater transparency.

Connect/Talk to our Open Banking API experts to learn more. Contact us for more queries on Open Banking and its benefits.

If you need more information or if you are not able to find what you need

Talk to us

Testimonial

  • “Tangible Business Results” Mokhtar Eshili, Chairman, Aman Bank

    “We chose JMR Infotech because of their excellent engagement model. When they say extended arm they literally make it happen. Excellent customer service, faster turnaround times, high quality deliverables at an extremely reasonable cost. It ...

  • “Excellent Service & Domain Expertise” – Carlpeter Ngunuh, Manager of Business Application – IT, Family Bank, Kenya

    They did quite an excellent job and had the expertise required to bring the system up and running in a very short time. In terms of consultancy they are very good as you can engage ...

  • “Quality leadership” – George Demetriades, Ex IT Manager Alpha Bank

    JMR Infotech has got an excellent leadership which provides them with the required impetus to excel and improve their service.

  • “Business & Technology Expertise” – Umar El Farouk, CIO, GCB Ghana

    I want to extend our sincere thanks for all the support given us from conception to delivery of the Oracle FCUBS and FCDB applications. The upgrade and migration has been a journey that has tested ...

  • “Complex Project Successfully Delivered Across Multi-Geographies” – Syed Khurshid Ahmad, IT Vice President – Head of FLEXCUBE UBS Core

    The Go-Live of the new Oracle FLEXCUBE UBS system for Wholesale Retail for Conventional &Islamic Banking was successfully completed in three separate geographies for GIB. The implementation of these multiple systems on STP advanced ...

Whitepaper

Rapid Accounting Transformation with Oracle Financials Accounting Hub

The customer is one of the most popular bank in Vietnam. It provides banking services and products to retail and ...

Strategic Analysis of Indian Life Insurance Industry – by Parthasarathy Srinivasan

IT has been more than a decade since the insurance industry opened up in India; there are 23 i private Life ...

View more whitepapers

Blog

Retail Banking: Where are we Going? 3 October 2017

The way banks responds to customer requirement, growth, efficiency and regulation, are inseparably linked. Banks are constantly trying to enhance their services so that customer’...

View all blog
Share Social Media