API architecture & integration in Avaloq
Time-to-Market is the word of the hour in the financial industry. The art of integrating third-party applications as quickly as possible, in order to provide innovative service offerings, requires a high level of integration competence. Efficient and robust interfaces are increasingly becoming a "must" for every bank.
We have accepted this challenge and are developing integration layers and REST APIs for our customers using the Avaloq Core platform. In doing so, we pave the way for a best-of-breed approach for banks; by means of mixed teams of IT architects, Avaloq-certified professionals and front- and back-end developers. Everything from a single source.
Contact person:
Andreas Egli
Head IT Consulting
How to enable central data access?
The development team of Confinale designed and developed the following near-real-time solutions:
- An integration layer creates a single source for all APIs - this is where all other services and data calls are accessed.
- The REST API catalogue with centralised APIs for read/write access to and from Avaloq using Kafka and the Avaloq WebServices.
What are the advantages of integrated third-party applications?
Inspiring customer experiences
Innovative add-ons from various manufacturers and Fintechs extend your service offering and inspire bank customers. Proven. Off-the-shelf. Short time-to-market.
Automated processes
BPMN tools, such as Appway, Flowable or Camunda, digitise and automate manual processes and thus improve throughput time. They minimise sources of error and increase standardisation and compliance throughout the entire company. Bank customers benefit as well as employees, who are supported in complying with regulatory requirements.
Data-based decisions
External information systems such as Wolters Kluwer Financial Reporting or Actico Compliance Suite must be integrated into the core banking system in near-real-time in order to provide meaningful support for decision-making.
