Digital API Craft to present centralised API platform at Open Banking Expo UK & Europe
OpenBankingExpo | UK
30 Sep 2024
Digital API Craft, a global business with a presence across India, the US, and the UK, which serves clients in banking, insurance, telecom, and beyond, will present its suite of API solutions at Open Banking Expo UK & Europe.
The DAC Suite is built on the foundation of trust-as-a-service, allowing banks to innovate freely while safeguarding customer information and maintaining regulatory compliance. DAC’s solutions ensure that banks’ Open Banking solutions are fully compliant with OBL standards.
DAC’s platform provides:
- Pre-built industry-specific core APIs: a comprehensive suite of pre-built APIs, including payments, funds, accounts, and Open Data specifically tailored for the banking industry.
- Extensive catalog of internal services: a wide range of internal services such as Rest APIs, GraphQL, AsyncAPI, gRPC, and SOAP.
- Multi-tenant testing environment: test and deploy your banking solutions within a secure and scalable multi-tenant environment, ensuring reliability and performance.
DAC will also demonstrate its easy-to-integrate comprehensive API Catalog for diverse banking functionalities, like account information, payment initiation, transaction history, and customer authentication.
In addition to facilitating secure data sharing and enhancing customer experiences, banks can leverage DAC’s API platform to monetise Open Banking APIs. By offering premium API services such as advanced analytics, real-time payment insights, and enhanced fraud detection tools, banks can create new revenue models. DAC’s platform enables financial institutions to package their APIs for external partners and third-party developers, creating opportunities for collaboration and innovation, while generating new income streams.
DAC’s marketplace serves as a central hub for exploring and integrating a wide range of APIs and services. This allows banks to enhance their offerings and meet evolving customer needs efficiently. Complementing this, DAC’s API management tools ensure effective oversight of Open Banking solutions, maintaining compliance and optimising performance to meet industry demands.
DAC’s analytics and security solutions offer deep insights into API usage and ensure the highest levels of data protection, respectively. Additionally, DAC provides a robust sandbox environment for rapid prototyping and testing. This secure playground allows banks to experiment with new ideas without risking their production environment.
Digital API Craft is an event partner of Open Banking Expo UK and Europe, taking place at the Business Design Centre in London on 15-16 October. Click here to find out more about attending, exhibiting and sponsoring.
Main image: DAC leadership