The Banking, Financial Services, & Insurance (BFSI) sector is undergoing massive disruption driven by regulatory changes and competitive pressures from FinTech startups. Serving 4 of the top 5 US Banks, 2 of the 5 largest global insurance companies, and with a strong international presence in BFSI, Akana’s Banking, Financial Services and Insurance solution helps financial institutions implement APIs supporting their critical business strategy to engage customers and partners. Akana offers an API platform for the secure creation, delivery, and management of highly scalable, reliable APIs that allow development teams to create multiple applications all with the same security and quality of service commitments. The Akana Platform opens communications between banking, financial services, and insurance companies, their customers, and their emerging partner ecosystems.
The Akana Platform provides an end-to-end API Management solution for designing, implementing, securing, managing, monitoring, and publishing APIs. It is available as a SaaS platform, a suite of on-premise products, and as a hybrid deployment. Click here for more details.
Digital transformation and innovation in banking, financial services, & insurance is being driven by recent technology trends and regulatory changes. BFSI companies must find new ways to attract and retain customers with innovative technology solutions providing their services anywhere, anytime, and on any device. Today's BFSI companies must offer new services in new ways, including:
Banking, financial services, and insurance companies are being forced to open up their systems to foster innovation leading to better services for customers. Some companies are able to leverage this emerging interoperability to drive competitive advantage, while others are simply responding to regulatory pressures. Akana’s standards-based, highly-secure platform enables safe and rapid connections between BFSI companies and customers. Interoperability initiatives in BFSI include:
As banking, financial services, & insurance companies become more open and interoperable, they must ensure that the right people have access to the right data and are able to perform the right tasks. They must eliminate vulnerabilities, and ensure that their systems are properly protected against attacks. Akana offers the industry's most secure solution:
To compete effectively, established BFSI companies must consolidate and modernize their application portfolio taking advantage of advances in architecture and development best practices to quickly deliver applications that can meet their scale, distribution and reliability requirements. Akana's financial services solution includes comprehensive governance and DevOps capabilities:
Modernizing applications with APIs requires careful planning and management of the lifecycle of the applications, APIs, and the development process as a whole to ensure optimal outcomes.
Today's financial institutions and service provides serve an increasingly global community. They must be able to offer their services globally, complying with regulations in multiple jurisdictions, and handling the scaling and distribution requirements of a fast growing global customer base. Akana's financial services solution is uniquely equipped to support their requirements with: