AplonAPI is a comprehensive Open Banking API management platform designed exclusively for financial institutions navigating the evolving landscape of open banking and PSD2 regulations. It empowers banks and financial entities to offer Banking as a Service (BaaS or Banking as a Platform (BaaP solutions, enabling seamless integration with Third-Party Providers (TPPs such as Account Information Service Providers (AISPs and Payment Initiation Service Providers (PISPs. By facilitating the creation of a connected FinTech ecosystem, AplonAPI opens new revenue channels and positions institutions at the forefront of the multibanking movement.
Key Features and Functionality:
- Value Generation: AplonAPI acts as a value generator for business and technology from day one. The Billing and SLA modules let you monetize your APIs. You start seeing revenue from a channel much broader than your web or mobile apps. Start creating beneficial partnerships with AISPs and PISPs and create your own ecosystem. Go beyond Open Banking Regulation and use the platform to manage private APIs to harmonize internal development. This way you expedite and normalize your own development projects. You can also expose B2B APIs to attract and facilitate communication with large corporates.
- Ready-to-Use Sandbox: Immediately initiate your online presence with an out-of-the-box sandbox. It comes with prebuilt and tested PSD2 APIs in any of the major open banking standards. Without any effort on your part, you get a sandbox for - Authentication / Account Owner Consent, - Payment Initiation API, - Funds Availability API, - Account Information API, - Second Factor Authentication (using the OAUTH 2.0 protocol. Any AISP and PISP can test their applications immediately as sample users, accounts, and Strong Customer Authentication (SCA features are included.
- Branded Developer Portal: It comes prebuilt and ready to launch with out-of-the-box developers onboarding, application registration, logging, billing, and marketplace features for AISP, PISP, and client applications. With the provided source code you can customize it and brand it. You can even extend it for any future regulated or not API, or functionality you want to provide to your fintech ecosystem. With this unparalleled flexibility, you can even modify the UI or use the underlined APIs to integrate it into your website.
- Comprehensive Open Banking Support: Supports out-of-the-box Berlin Group, Open Banking UK, or any other Open Banking standards. It fully supports the PSD2 directives on Strong Customer Authentication (SCA, Consent management, and TPP verification through QSEAL and QWAC validation. Helps you define multi-tier billing layers & combine them with actual usage logs to generate all the necessary billing information. It also monitors the performance of Payment Initiation, Account Details, Funds Availability, and any other exposed APIs. PaymentComponents even provides you with client applications in Sandbox to test the data of your financial transactions and start populating your marketplace.
- Tailored for Financial Institutions: Generic API management tools are not the best solution for financial institutions. AplonAPI platform was created by financial technology experts and is optimized and customized for Financial Institutions specifically for Open Banking. Working with Paymentcomponents, you partner with a Fintech specialized in Open Banking and Payments and therefore leverage the first-mover advantage of our continuous innovation. You become part of the global thought leadership on open banking and get the opportunity to be awarded as "leading digital initiative" and "Usability / User Experience Excellence" as some of our customers.
- Advanced Technology Stack: AplonAPI is built from the ground up, as a truly open API platform. All internal functionality is exposed as APIs, to access them from your web banking or mobile banking. It fully leverages cutting-edge technology trends such as microservices, dockers, Kubernetes for unparalleled elasticity and scalability. For blazing speed, it utilizes in-memory databases, ELK stack (Elasticsearch, Logstash, and Kibana asynchronous traces, and can be installed in the cloud or on-premise.
Primary Value and User Solutions:
AplonAPI addresses the critical need for financial institutions to adapt to the open banking era by providing a robust, secure, and scalable platform for API management. It enables banks to comply with PSD2 regulations, monetize their APIs, and foster innovation through partnerships with FinTechs. By offering a ready-to-use sandbox and a customizable developer portal, AplonAPI accelerates the development and deployment of new financial services, enhancing customer engagement and opening new revenue streams. Its advanced technology stack ensures high performance and scalability, allowing institutions to stay competitive in a rapidly evolving financial landscape.
Who Is the Company Behind AplonAPI?
