This API solution enables corporate clients to retrieve statements directly into their line-of-business systems, primarily for reconciliation processes. As a pioneering pan-African offering, it eliminates the need for host-to-host channels while maintaining the organization's position as a first-mover in corporate banking APIs.

_{Corporate statement API solution delivers pioneering direct data access}

A specialised API enables corporate clients to retrieve statements directly into line-of-business systems, primarily for reconciliation processes. This pan-African solution eliminates the need for host-to-host channels, providing seamless data integration while maintaining the organization's position as a first-mover in corporate banking APIs.

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Core Functionality  

The system provides corporate clients with direct access to their statement data:

1. Seamless retrieval of statements via API integration

2. Direct import into client reconciliation systems

3. Elimination of manual processes and host-to-host complexity

4. Pan-African availability supporting multiple markets

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Technical Information & Development  

The solution leverages modern, secure API architecture:

• REST API design with industry-standard protocols

• OAuth authentication ensures secure access

• Lightweight PostgreSQL database for optimal performance

• Highly available infrastructure through load-balanced on-premises VM environment

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The project followed an agile methodology spanning approximately 5 years, with development beginning in 2020, production deployment in 2022, and successful client onboarding in 2023.

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‍Business Impact  

This innovative solution creates significant value:

• Drives business growth through new client acquisition

• Maintains competitive advantage as a first-to-market offering

• Reduces potential fraud by minimising manual touch points

• Enhances client experience with direct system integration

• Strengthens position as a technology leader in corporate banking

• Complements existing corporate payment API to create a comprehensive digital offering

This statement retrieval solution demonstrates continued commitment to digital innovation in corporate banking services.

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