Open API service bus - |
The GNI@ DATA EXCHANGE OPEN API solution is an open API subsystem, a service bus that takes bank's services to a brand new quality level and replaces the classic "bank-client" model with an open banking concept based primarily on the Banking-as-a-Service (BaaS) model. Also, with the modern development of online business and the integration of business into a single ecosystem, the functional capabilities of bank's current systems for complete online integration with the required specialized external systems are particularly important.
The BaaS subsystem supports almost seamless integration of clients' IT systems (various ERP systems) and all modules of the bank's GNI software package using open APIs, smart contracts and distributed ledger technology, which gives unprecedented flexibility, scalability and reliability for launching new products onto the market.
The system's functionality allows to work both online via web services and in a batch mode.
This solution certainly helps optimize the efficiency of corporate processes, reduce the cost of communication with the bank and simplify it.
The BaaS subsystem supports almost seamless integration of clients' IT systems (various ERP systems) and all modules of the bank's GNI software package using open APIs, smart contracts and distributed ledger technology, which gives unprecedented flexibility, scalability and reliability for launching new products onto the market.
The system's functionality allows to work both online via web services and in a batch mode.
This solution certainly helps optimize the efficiency of corporate processes, reduce the cost of communication with the bank and simplify it.
Main advantages of our solution
CustomizabilityThe solution is based on built-in constructors allowing clients and users to independently manage integration processes without involving external programmers.
User-friendly interfaceThe system works through a web-based user interface and does not require installation of any desktop software.
Data integrityAny possibility to violate the data integrity is technologically excluded. A transaction is conducted completely or not conducted at all — "rollback mechanisms". The system excludes conducting of any backdate transactions and/or transactions prohibited within the general business chain of an organization. Data integrity is ensured by using a redo log engine that permeates the system and its tables.
TransparencyThe solution provides transparency as all system modules run in real time and in real mode, and all transaction and accounting operations are logged.
ContinuityTo ensure continuity, the stress test and control procedures were embedded into the system for load check by the number of transactions conducted per minute, per hour and day.
Applied technologies
The front-end client side is based on Oracle Apex technology. The React technology is used for external systems.
The platform supports two integration technologies with external systems and subsystems: SOAP and REST (basic and recommended technology).
Oracle Weblogic or Apache Tomcat application server and Oracle 18 database server are also applied.
To increase the system security, a user password managment mechanism, a mechanism of integration and synchronization of system users with LDAP, a data warehouse mechanism, a data integrity mechanism, logs and audit mechanisms were created.
The platform supports two integration technologies with external systems and subsystems: SOAP and REST (basic and recommended technology).
Oracle Weblogic or Apache Tomcat application server and Oracle 18 database server are also applied.
To increase the system security, a user password managment mechanism, a mechanism of integration and synchronization of system users with LDAP, a data warehouse mechanism, a data integrity mechanism, logs and audit mechanisms were created.
Description of the solution for integration with GNI@ DATA EXCHANGE OPEN API external systems
The GNI@ DATA EXCHANGE OPEN API service bus (BaaS) allows to integrate all systems and modules of GNI software package with any external systems. It enables banks to fully implement the Banking as a Service (BaaS) concept.
The solution makes it easy to integrate with external ERP systems and other systems of the bank's clients and partners.
The bank's clients and partners will be able to perform all transactions directly in their own systems with automatic secure data transfer to the bank's systems through this solution. Modern solutions are used to identify clients/partners and verify their transactions:
dynamic SMS tokens;
With the GNI@ DATA EXCHANGE OPEN API" (BaaS) solution, the Bank is actually turning into an online financial service, which significantly increases its value among corporate clients and partners.
The module includes such basic online transactions that are performed by clients/partners in the bank's automated systems through their ERP systems through our solution:
The entire accounting model under this solution is configured via a specific built-in constructor. Hence, all accounting transactions are displayed automatically through the transactional accounting of the system.
In addition to the above, this subsystem enables bank employees (technical staff) to create various forms and screens in any systems on any technologies and integrate these solutions into the GNI automated banking system. In this way, banks significantly reduce their costs (no need to buy an open source GNI solution) yet get the necessary additional flexibility in developing their in-house solutions.
The solution makes it easy to integrate with external ERP systems and other systems of the bank's clients and partners.
The bank's clients and partners will be able to perform all transactions directly in their own systems with automatic secure data transfer to the bank's systems through this solution. Modern solutions are used to identify clients/partners and verify their transactions:
dynamic SMS tokens;
- electronic certificates agreed by the parties;
- electronic signatures agreed by the parties, etc.
With the GNI@ DATA EXCHANGE OPEN API" (BaaS) solution, the Bank is actually turning into an online financial service, which significantly increases its value among corporate clients and partners.
The module includes such basic online transactions that are performed by clients/partners in the bank's automated systems through their ERP systems through our solution:
- payment transactions (payment for various public services, rent, utility and communication payments);
- registration of contractors and settlements with them (outgoing money transfers, processing and accepting incoming payments);
- transactions with employees - running payrolls (including advance payments, basic salary, business trips allowances, leave allowances, etc.);
- agency transactions for insurance company partners (sales of insurance services as an agent of insurance companies);
- agency operations for partners — credit institutions;
- agency operations for partners —banks/financial companies;
- agency operations for partners—exchanges (currency exchange transactions — Forex and other platforms);
- other transactions.
The entire accounting model under this solution is configured via a specific built-in constructor. Hence, all accounting transactions are displayed automatically through the transactional accounting of the system.
In addition to the above, this subsystem enables bank employees (technical staff) to create various forms and screens in any systems on any technologies and integrate these solutions into the GNI automated banking system. In this way, banks significantly reduce their costs (no need to buy an open source GNI solution) yet get the necessary additional flexibility in developing their in-house solutions.
Implementation and customization of our GNI@ DATA EXCHANGE OPEN API solution take 5 days to 3 months, depending on the number of necessary integrations with bank's external systems.
Get in Touch
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- +994 12 597 22 49
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