Financial software provider CSI has debuted a developer portal for community banks.
“In addition to a growing list of integrated fintechs and integrators, CSI community banks and developers now have access to new documentation methods, resources and standardizations that simplify the implementation process and accelerate time to value,” the company said in a news release Tuesday (July 30).
That means these banks can consider more application programming interfaces (APIs) across account opening, payments, document services and other applications, to onboard solutions to open new lines of revenue, streamline back-office operations and enhance their engagement with account holders.
According to the release, the portal includes updated technical and application guides along with test environments that let both parties better understand data communication and associated business rules.
“Community banks competing in today’s market require the right combination of flexibility, speed and efficiency that can meet the needs of their account holders without a significant tech investment,” said David Culbertson, CEO and president of CSI. “Our Developer Portal is designed to meet all three of those needs with the scaffolding community banks need to reduce the burden of adoption.”
PYMNTS examined bank/FinTech collaborations earlier this year, noting they were born out of a growing demand by digitally-savvy consumers for frictionless banking experiences.
“Banks are starting to realize the speed at which technology has changed the world,” James Butland, vice president of payments and U.K. managing director at Mangopay, told PYMNTS for the series “What’s Next in Payments: What is a Bank? The Changing Landscape of Banking and Financial Services.”
“The challenge that a traditional bank has, is that they sit on 150, 200 years of legacy infrastructure and probably 60 years of legacy technology. So, banks have found it difficult to innovate quickly,” Butland added.
Meanwhile, PYMNTS spoke recently with Ken Gayron, CSI’s chief financial officer, about the role of the CFO in today’s world.
“Being a modern CFO is about using your analytical and financial skills to partner with the business, ensuring it makes the best decisions with the right financial lens. At the same time, you have to drive efficiency through automation and process improvement so that you can scale profitably and maintain a competitive advantage,” Gayron said.
