Secure API Gateway Implementation
Build the foundational API infrastructure required for secure Open Banking operations.
Read moreOpen Banking Solutions
We empower financial institutions and fintechs to leverage Open Banking by developing secure APIs, enabling third-party provider (TPP) integrations, and creating innovative customer-centric financial services.
- Design Approach
- API-First
- Data Sharing
- Secure
- Financial Services
- Innovative
- Compliance (PSD2, etc.)
- Regulatory
- Secure API Development (AIS & PIS). Develop robust and secure APIs for Account Information Services (AIS) and Payment Initiation Services (PIS) compliant with Open Banking standards.
- Third-Party Provider (TPP) Integration. Facilitate seamless and secure integration with authorized TPPs, enabling them to access data and initiate payments with customer consent.
- Consent Management Platforms. Build sophisticated consent management systems that allow customers to easily grant, manage, and revoke access to their data.
- Value-Added Service Development. Leverage Open Banking capabilities to create innovative financial products and services, such as account aggregation, PFM tools, and tailored lending.
- Regulatory Compliance & Security. Ensure your Open Banking solutions adhere to relevant regulations (e.g., PSD2, CDR) and implement stringent security measures for data protection.
Our Approach - Pioneering Open Banking Together
We help you navigate the complexities of Open Banking to unlock new opportunities and drive innovation.
- Strategic Open Banking Roadmap. We help you define your Open Banking strategy, identify opportunities, and navigate the regulatory landscape.
- API Design & Standardization. Design APIs according to industry best practices and standards (e.g., OpenID FAPI, specific regional standards) for interoperability.
- Robust Security & Fraud Prevention. Implement strong customer authentication (SCA), secure API gateways, and advanced fraud monitoring for Open Banking transactions.
- Developer Portal & TPP Support. Create comprehensive developer portals and provide ongoing support to foster a vibrant TPP ecosystem around your APIs.
Key Benefits - Benefits of Adopting Open Banking
Embrace Open Banking to enhance customer value, foster innovation, and stay competitive in the evolving financial landscape.
- Increased Innovation & Competition. Foster a competitive market by enabling fintechs and TPPs to develop new financial products and services.
- Enhanced Customer Experience. Offer customers greater choice, convenience, and personalized financial management tools by integrating TPP services.
- New Revenue Streams. Monetize your APIs or develop premium Open Banking-enabled services to create new revenue opportunities.
- Improved Data Insights. Gain deeper insights into customer behavior and financial data (with consent) to offer more tailored products.
- Streamlined Customer Onboarding. Utilize data from other financial institutions (with consent) to simplify and accelerate customer onboarding processes.
- Regulatory Preparedness. Comply with evolving Open Banking mandates and position your institution for future financial ecosystem changes.
Hotfix was instrumental in developing our Open Banking API platform. Their deep understanding of PSD2 regulations and secure API design helped us launch a compliant and robust solution that has attracted many TPPs.
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Our offices
- Johannesburg
114 Summerplace, Summerfields Estate
Johannesburg, Gauteng, South Africa - KwaZulu-Natal
6 Pinkie Pool Road
Meer en See, KwaZulu-Natal, South Africa