Through AWS technology, FinConecta delivers a simple, secure and isolated testing environment to allow fintech validation, connectivity testing, open innovation programs and proof-of-concepts without requiring the commitment of technology and operational support.
Open Finance Sandbox
Leveraging the power of the AWS services, FinConecta deployed the Open Finance Sandbox on the AWS Marketplace, which accelerates time-to-market and enables FSI companies to innovate faster.
This testing solution enables frequent testing, accelerates time-to-market, minimizes risks, and optimizes IT resources.
Who is this for?
Looking to embrace and deepen their digital transformation journey, leveraging the benefits of Open Banking
Digital Solutions Providers
Curated B2B solutions providers looking to scale up fast and gain global exposure
for Financial Institutions
The next generation of Open Banking:
- Find digital solutions
- Test / POC
- Meet OB requirements
- Accelerate time to market
- Create new revenue streams
Do you have any of
- Lack of open and standardized APIs
- Tech capacity
- Budget constraints
- Security concerns
- Evolving from a PowerPoint to a POC
- No developer portal
Wouldn’t it be nice to have a platform that can:
- Provide ready-to-consume APIs
- Comply with regulatory requirements
- Integrate all the digital solutions that you need in one place
- Access a catalog of digital solutions
- Utilize a POC tool to allow you to test solutions without using your core system
- Launch your own developer portal
Future proof solutions
FinConecta supports innovation and the adoption of new technologies for different players across industries. Technology providers, FinTechs, Banks, Insurance companies, retailers, and others, connect to our platform and participate in an interconnected ecosystem.
Working together in this collaborative space, allows them to innovate, co-create digital solutions and move toward API-based business models such as Banking as a Service, and Embedded finance.
Innovation made easy
Open Innovation Program
One Platform, Multiple Use Cases
This modality fulfills the purpose of an innovation lab, providing the infrastructure to allow testing, validate third-party capabilities, and execute open innovation programs (eg. Hackathons)
The platform seamlessly integrates the institution’s core system with more than 200 curated third-party providers (TPPs) embedded in FinConecta’s digital solution store.
As a connector engine, the platform can orchestrate multiple players such as TPPs, retailers, banks, and others to white label robust digital wallets
Leveraging FinConecta´s infrastructure, the financial institution is able to expose standardized APIs through its own branded Developer Portal and monetize banking products
How AWS powers FinConecta
Open Finance Sandbox
Leveraging AWS CloudFormation
FinConecta leverages AWS CloudFormation to design, provision, and manage infrastructure resources by treating infrastructure as code.
The Open Banking Sandbox uses AWS Elastic Beanstalk which utilizes Amazon Elastic Compute Cloud (EC2), auto scaling, and AWS Elastic Load Balancer to deploy the workloads. Customers benefit from the multi-region global infrastructure of AWS to run their workloads as they need.
FinConecta leverages AWS tools like AWS CloudTrail, AWS Config, Amazon CloudWatch, AWS Key Management Service (KMS), and AWS Identity and Access Management (IAM) to make sure the cloud best practices for compliance and security are in place. It utilizes Amazon Virtual Private Cloud (VPC) across multiple Availability Zones, uses Amazon Route53 for low latency and high availability infrastructure to meet the resiliency requirements.
Open Finance along your journey
Every step of the way
Innovate, test, play, repeat
Launch a fully branded Developer Portal including our normalized API Catalog
Test & manage solutions against our bankBot (simulated data), run POCs, validate third-party capabilities
Experiment, execute innovation programs & hackathons
and share new solutions
For Financial Institutions
- Enhance positioning as a leader in innovation and Open Banking
- Drive Innovation. Solve for current and future needs and develop POC
- Enable revenue streams, monetize assets and adopt Software as a Service
- Reduce investment
- Accelerate: time to market, integration, testing and go-live
- Comply with Open Banking regulation
For Fintech Solutions
- Access multiple FIs and showcase solution with a single integration through
- Maximize exposure of products and services, scale globally
- Run unlimited testing with FIs in sandbox
- Accelerate time to market
- Boost positioning & company valuation
Developer Portal: An enabler for Innovation
The Developer Portal enables companies to provide everything that internal and third-party developers need to build solutions effectively and efficiently, accelerating API adoption, and creating business value.
The Developer Portal provides:
- Complete, self-service developer experience
- An intuitive user interface and highly customizable look and feel
- Clear and easy to grasp API documentation
- Comprehensive API catalog available for immediate use
- Illustrative use cases
- Strong API security through the use of API keys and OAuth2 credentials support
- Reference guides & support in all stages of the process
- Analytics to evaluate usage
Ready to embrace Open Finance?
Leave your contact information below and we will reach out as soon as possible!