The history of collaboration between Financial Institutions (FIs) and FinTechs (FTs) is littered with unsuccessful collaborations. Financial institutions are often apprehensive about how enterprise-grade the solutions built by FinTechs are.
APIX is purpose-built to transform and radically simplify the FI - FT collaboration process end-to-end. The APIX process allows FIs to:
- Define their opportunity or challenge
- Discover FinTech solution providers from a global marketplace, including published APIs (Application Programming Interface).
- Dry-run on a state-of-the-art - Software Development Sandbox. The Sandbox has all the necessary APIs, Datasets, and Integration features to develop and test solutions comprehensively.
- Decide on who to partner with by utilizing the trust framework/tools provided by APIX.
- Deploy application code developed in APIX sandbox into the FIs own environment, with minimal effort.