Sets You Right for The Fintech World
Blinq Fintech provides services to enable your bank for the whole Fintech lifecycle
Request a DemoWhat Is Blinq Fintech?
Blinq Fintech is a robust end-to-end Fintech readiness Offering that provides your bank with the software, deployment, the technical and business support you need to integrate with as many Fintech partners as possible. You won't have to worry about building the entire system in-house, developing the best solution for your organization, or creating the business processes to keep your operations running smoothly and efficiently.
Blinq Fintech reduces time-to-market by including ready-to-use functionality for billing, consent management, consumer authentication, detailed system of records, Fintech Partner onboarding and management, partner sandbox, APIs for Account Information Services, and Payment Initiation Services, integration with core banking systems, and much more functions. It also reduces your needed investment through the plug-and-play subscription model, which empowers your business not only with its powerful infrastructure but with immediate actual implementation to the set number of Fintechs that your bank chooses.
Blinq Fintech supports core banking processes and enables banks to increase the number of Fintech partners quickly. It integrates with existing systems, including legacy systems, creates new services, supports front-office and back-office business processes, and can be deployed on-premise or on the cloud.
Blinq Fintech is the only solution that provides operations services to banks that encompass the entire Fintech partner lifecycle management with various operations and pre and post-production services. That includes:
- Fintech Partner Onboarding: KYC, Certification, Contracts signature, Connectivity.
- Fintech partners support during their apps testing.
- Business Support for Fintech partners to define new use cases.
- Technical Support for the bank in the development of new use cases.
- Services Support for post-production issues.
Features
API gateway
Enforce policies to detect threshold overruns and manage exceptions/error conditions.
API catalogue
Ready to use Open Banking APIs for Account Information Services and Payment Initiation Services with additional included two use cases APIs.
Admin portal
Manage Fintech partners' applications, services, data, and users, run reports, and manage users and user roles.
System of records
Remains compliant by keeping a detailed system of records for all communication with TPPs, storing and retrieving all requests and responses between TPPs and the bank.
Consent management
Customer consent, authentication and authorization of Fintechs, and integration with the bank’s IAM ensure you remain compliant by gaining secure customer data and permission to use the proprietary account and personal information.
Billing automation
Built-in billing module for your API monetization and your billing automation. Defining customer accounts, billing rates, applying charges, and generating invoices with other detailed reporting.
Fintech sandbox
Simulate your production environment in real-time and avail test responses for all your APIs with API documentation, Fintech developer self-sign-up, and the overall test environment.
Design studio
Expedite builds new APIs with a graphical drag-and-drop design studio and creates new composite business APIs by combining your application services into atomic microservices.
Extendable architecture
Future-proof architecture utilizing modern integration patterns from microservice architectures with a set of pre-built adapters that include SOAP, Rest, JMS, Kafka, Database, File, Redis, core banking, and others.
Containerized deployment
Blinq Fintech is a built-for-cloud that elastically scales to meet the demand for unlimited scale. Blinq Fintech run-time microservices operate as a lightweight Docker container via container orchestration platforms. Operating within a Kubernetes cluster.
Additional APIs use cases
Offering includes two additional APIs use case to the bank, which expands your financial services offerings to your bank’s customers and provides the bank with more revenue streams.
On-Demand technical support
Assisting in creating new use cases by Fintechs and by the bank IT team and supporting post-production issues internally and with the customer front.
Why Blinq Fintech?
- Enables open-banking frontend
- Automates and improves secure financial services delivery
- Integrates with core banking and legacy systems
- Speeds up integrations and onboarding processes for Fintech expanding financial services offerings
- Enables on cloud or on-premise deployment
- Decreases risk involved in partnering with several different providers
- Maximizes production and empowers internal teams to focus on increasing revenue and improving client experience
- Supports synchronous operations and asynchronous connectivity
- Accelerates API development
- Ensures operations consistency
- Reduces implementation time by 70% to launch in a few weeks
AIS and PIS APIs
Blinq Fintech provides out-of-the-box Account Information Services AIS and Payment Initiation Services PIS endpoints which can then be accessed by Fintech partners to build their mobile and web applications for banking customers. The offer also includes building required APIs for two additional use cases.
Blinq Fintech provides the standard Open Banking initiative for Account Information Services (AIS) and Payment Initiation Services (PIS) endpoints which can then be accessed by Fintech partners to build their mobile and web applications for banking customers. Extra required APIs are provided on demand for any other use cases by the bank. The offer also includes building required APIs for two additional use cases.
Strong Customer Authentication (SCA) and PSD2 compliance
Strong Customer Authentication (SCA) is essential for financial institutions to succeed in their Open Banking initiatives. Blinq Fintech covers the requirements of SCA and PSD2 compliance and regulations with support for the 3D Secure authentication that requests the user to provide one or more of the following:
- The password they have previously set up with their issuing bank.
- A one-time authentication code that they received on their mobile phone.
- Biometry (fingerprint and face recognition) using banking secure mobile application.
Easy, Fast, Affordable, Exceptional
For 22 years, KnowledgeNet has provided more than 120 customers with products, services, and infrastructure technology that speeds up the implementation of their banking initiatives. Our experts have the skills you need to ensure an easy, fast and affordable Fintech implementation. They're ready to supply the solutions you need to beat the competition and stay ahead of the curve. KnowledgeNet has offices in Riyadh, Dubai, and Cairo.
