How Does NXTsoft OmniConnect Work for Financial Institutions?

Category: Video , OmniConnect , API
Author: NXTsoft

Say hello to Connectivity as a Service! NXTsoft's OmniConnect platform allows financial institutions of any size to easily adopt and use fintech vendor's platforms through our documented standard APIs. OmniConnect provides secure APIs for the digital infrastructure needed for your institution to connect to any fintech application. Our fintech partners connect to OmniConnect APIs, which are built on REST principles with resource-oriented URLs hosted in AWS returning in JSON format. So, how does it work?

We take the request from our fintech partners and deliver it to the various cores we support, often orchestrating multiple events to return a single response. Our API is core-agnostic, handling all transactions required to perform the action needed. This means that we are able to connect your data with a variety of fintech applications, regardless of your core.

NXTsoft's API platform goes beyond the core data. Connect your data to other systems such as CRM or marketing platforms. Our Connectivity as a Service platform makes it easy for you to get to the data you need, wherever it is.

Great connectivity shouldn’t compromise security. For authentication, OmniConnect uses OAuth 2.0. We use an ID and a JWT token generated from OAuth 2.0 to validate that the partner and client have access to the specific data & systems to which they want to interact. Our infrastructure is hosted in a secure AWS environment behind a firewall and utilizing an API gateway for additional security.

Connect with NXTsoft today to discuss how the right API strategy can save you time and money.

Connectivity as a Service (CaaS) - API for FIs

April 27, 2022
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