The  Payments Facade API is a robust and secure solution that allows corporate  banking clients to initiate domestic payments directly from their financial systems through a streamlined API. Built on open banking standards, the API  enables seamless integration, offering a highly efficient way to initiate and  manage payment instructions with the bank.    

Pioneering corporate payments API solution delivers first-to-market advantage

A REST API payment solution enables corporate clients to execute domestic payments directly from line-of-business systems without host-to-host integration. This pan-African solution delivers seamless integration, enhanced security, and competitive advantage as the first corporate API offering in the market.

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Core Functionality  

The system provides a streamlined approach for corporate clients to make domestic payments:

1. Direct integration with corporate line-of-business systems

2. Secure authentication and transaction processing

3. Real-time payment execution without the complexity of host-to-host connections

4. Pan-African deployment supporting multiple markets

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Technical Information & Development  

The solution is built on modern API architecture principles:

• REST API design following OpenBanking Standards

• OAuth authentication for secure access

• Kafka event streaming for reliable transaction processing

• Load-balanced on-premises VM environment ensuring high availability

• Lightweight Postgres database for optimal performance

The project followed an agile methodology, beginning development in 2020, moving to production in 2022, and successfully onboarding the first client in 2023. The system continues to evolve with ongoing enhancements.

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Business Impact  

This innovative solution delivers significant value:

• Creates new revenue streams through client acquisition

• Provides competitive advantage as first-to-market with a corporate API offering

• Reduces potential fraud by minimizing manual touchpoints

• Improves client experience with seamless integration

• Enables growth across African markets

• Positions the organization as a technology leader in corporate banking

This forward-thinking approach to corporate payments demonstrates a commitment to digital innovation while addressing specific client needs for simplified payment integration.

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