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There are 4 emerging technologies that have been the center of attraction in the financial industry.
Visit: www.celusion.com
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Financial API Gateway offers a range of over 25 microservices that can handle several routine activities. For example, verifying the bank account by using the penny drop facility is a very useful API. It is the easiest way to confirm the authenticity of customer bank details provided on a form. It is easy and convenient and returns the information very quickly.
Once the penny drop succeeds, it returns the beneficiary details which can be validated with the details provided on the form and the transaction can proceed comfortably. Else the procedure can be invalidated at that point itself reducing the risk of fraud.
For more details about this product, please visit www.celusion.com/financial-api-gateway