Financial Services | API Gateway
TruTeq’s Financial Services API Gateway
A growing number of businesses are incorporating web and mobile apps into their technology strategy. In doing so, businesses are unlocking valuable new uses for previously complex, isolated services. APIs are the glue that allows businesses to create new business opportunities and improve existing products, systems and operations.
Speed to Market
TruTeq’s API Gateway is presently deployed with both banking and telecommunications customers, securely enabling their core services
Sweating legacy assets
Interface transformation and business logic capabilities make this more than a simple API gateway – it can be deployed as a complete integration platform / service bus too
New revenue streams
Comes with the reliability and performance expected from a carrier grade system. Comes with monitoring, logging, security etc. delivered to TruTeq’s high standards
Flexible customer interaction
The TruTeq API-GW can log critical data into a time-series database as a comprehensive data source for the customer’s preferred front-end for mining business intelligence data
Why choose the TruTeq financial services solutions?
The TruTeq Financial Services API gateway exposes these functionalities both internally and externally, allowing for new ways to engage and connect with customers through multiple digital channels, while offering the security features demanded by financial industry participants.
In-Memory
Cache
Efficient in-memory cache with replication across nodes. Improves performance and simplifies architecture. All nodes become aware of transaction states.
Broad Interface Support
Many common telecommunications and banking interfaces already supported and the TruTeq software framework makes it possible to rapidly add more
Secure
Services
Supports encrypted interfaces and token-based authentication. Trusted by telecommunications and banking customers
Monitoring & Analytics
Captures API usage metrics, response times, error rates, and more. This data can be used for troubleshooting, performance optimization, and gaining insights into the end-point usage patterns.
Business
Logic
More than just an API Proxy. Enables response transformations and customised business logic based on a variety of factors.
Financial Services Solutions
Mobile Banking Platform
Financial institutions in developing regions depend heavily on USSD to provide secure services to their customers. Fraud, especially SIM swap fraud, erodes customer confidence and the financial institution’s profitability.
Relevant and future proof
TruTeq, with the use of MenuBuilder, provides the capability to create USSD menu flows, fast and easily.
Dynamic USSD
TruTeq’s dynamic USSD feature provides the bank the ability to treat each customer as an individual with highly targeted offerings.
Robust fraud prevention
ValiPort® OTP SMSC is a standalone “black box” solution to card not present and online banking fraud. Valiport is isolated from the carrier’s normal network elements (and personnel) but integrates deeply into the network to be able to verify the origin and destination of tokens.
Highly scalable and Fast to market capability
The MenuBuilder user interface provides a powerful browser-based menu editor that makes it easy to create and wire together menu flows and services. The layout consists of a palette with the predefined building blocks known as nodes.
Financial Services Solutions
Payment Gateway
In an era dominated by digital commerce, seamless and secure payment processing lies at the heart of every successful online business. Our internet payment gateway solution is designed to empower merchants with the tools they need to efficiently manage transactions, mitigate fraud risks, and provide a frictionless checkout experience for their customers. The TruTeq solution closes the gap between the developed and the under developed market in providing both schema and non-schema-based options.
Secure Payment Processing
Advanced encryption and tokenisation techniques ensure the secure transmission and storage of sensitive payment data, protecting both merchants and customers from potential security threats.
Multiple Payment Methods
Accept payments from a wide range of sources, including credit/debit cards, digital wallets, bank transfers, and alternative payment methods, catering to diverse customer preferences.
Fraud Prevention
The TruTeq solution integrates seamlessly with the existing fraud prevention solutions of the financial institution. Full 3DS2.0 adherence provides compliance and peace of mind.
The non-scheme card solution is further protected by the TruTeq ValiPort® solution, ensuring levels of security that provide customers with peace of mind and financial institutions with reduced risk of financial losses and reputational damage.
Compliance
TruTeq will work with the information security team of the financial institution to ensure PCI DSS compliance through regular security audits provide to maintain regulatory compliance.
Integration Options
Seamless integration with popular e-commerce platforms through APIs, SDKs, and plugins, simplifying the setup process for merchants and reducing development time and costs.
Financial Services Solutions
E-Wallet
An e-Wallet (electronic Wallet) solution is a digital platform that allows users to store monetary value in a non-traditional manner, i.e., not in a core banking system. It acts as a virtual substitute for a typical banking account and facilitates quick and secure transactions while eliminating the need to carry cash or physical cards.
On the fly creation
TruTeq’s solution supports on the fly wallet creation. This is a process in which the e-Wallet is created by a payer initiating a payment to a non-user’s mobile number. This capability will create an e-Wallet and notify the recipient when the payment is received. Typically the recipient will first have to undergo a Know-Your-Customer (<KYC>) in order to access these funds.
Agent Network Management
Commission calculation and disbursement is fully automated in the TruTeq solution. Agents are provided a smartphone application that facilitates KYC and Cash-In/Out capabilities.
User friendly Customer Care interface
The TruTeq CCI has the ability to facilitate the resolution of all customer queries with full maker/checker functionality.
Financial Services Solutions
eKYC
Know Your Customer (KYC) information gathering is one of the most critical and costly customer interactions for any Financial institution. The TruTeq AllAboard solution is used successfully by clients to capture customer data and integrate with backend systems to facilitate KYC processes.
Secure integration
Using a private APN in conjunction with the TruTeq API gateway, secure tokenised integration is possible with the bank’s back-end systems.
ValiPort protected
ValiPort® OTP SMSC is a standalone “black box” solution to card not present and online banking fraud. It is isolated from the carrier’s normal network elements (and personnel) but integrates deeply into the network to be able to verify the origin and destination of tokens.
KYC Application
The TruTeq KYC application may be deployed to mobile phones or tablets
Financial and non-financial functionality
The TruTeq AllAboard application can both capture KYC data and perform Cash-In/Out transactions.
Get Started with Truteq Today
Get in touch today and unlock new revenue streams with TruTeq’s best-in-class VAS solutions.