Development of a Secure Multibanking Open Banking Platform for Real-Time Payments and Account Aggregation

The client requires a robust, secure online banking platform that supports real-time direct payments, comprehensive data aggregation from multiple bank accounts, and seamless account management through a single API. The system must ensure high security standards, broad bank coverage within the target region, and user-friendly transaction processing to meet growing customer demands and regulatory compliance.

A mid-sized financial technology provider specializing in developing integrated banking solutions for businesses and consumers, aiming to enhance financial management and payment efficiency through a unified platform.

• Develop a future-proof, secure online banking platform enabling real-time data aggregation and transactions.
• Enable seamless direct payments and inter-account transfers with multiple payment methods, including SEPA, international, and bulk payments.
• Ensure comprehensive connectivity with a wide range of banking institutions across the targeted region.
• Implement a user-friendly interface for account management and transaction notifications.
• Adhere to strict security standards, including end-to-end security and compliance with relevant regulations.
• Create a scalable system capable of supporting future feature extensions and increased transaction volumes.

• Real-time account data aggregation from multiple banks
• User-friendly interface for bank account overview and management
• Secure, multibanking transactions with real-time processing
• Compliance with security and regulatory standards
• One-click payment capabilities across various methods (SEPA, international, periodic, bulk)
• Support for broad European bank connectivity
• Customer notifications for successful transactions
• Robust multi-factor authentication and authorization mechanisms

• Banking APIs for data aggregation and transaction processing
• Payment gateways supporting SEPA and international transfers
• Regulatory and compliance systems
• Notification services for customer alerts
• Security modules for encryption and authentication

• High scalability to support increasing transaction volumes
• Low latency for real-time data updates and payments
• Strong security protocols to ensure end-to-end protection
• High system availability and 24/7 operational uptime
• Compliance with data protection and financial regulations

The deployment of this secure, real-time multibanking system will enable the client to expand their portfolio of financial management solutions, attract new customers, and support increased transaction volumes. Expected outcomes include a scalable infrastructure capable of handling future growth, improved customer experience through seamless integration and notifications, and enhanced security compliance, ultimately driving increased revenue and market competitiveness.