Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

ACI WORLDWIDE STEPS UP TO MARKET’S GROWING OPEN API DEMANDS

ACI launches new API manager capabilities to support financial institutions’ open banking strategies

ACI Worldwide(NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced the launch of new API manager capabilities —available to all clients using ACI’s Universal Payments (UP) solutions.

As financial institutions look to more effectively compete in today’s rapidly changing payments environment, ACI’s API manager capabilities are designed to support customers in developing a strategic approach to the emerging open banking payments ecosystem, and to provide the tools to meet established and emerging regulatory requirements including PSD2 and GDPR.   

ACI’s new UP API manager capabilities are designed to:  

  • Connect to any front-end gateway
  • Connect to any back-end system that a bank runs
  • Provide a middleware API layer to help orchestrate the message flows and business logic to allow banks and external developers to define and build appropriate APIs
  • Empower banks to manage the levels of authentication and authorization required to maintain control in the data being requested and accessed
  • Enable banks to meet customer expectations for a seamless payment experience

The solution capabilities support ACI’s Universal Payments strategy and help banks lay the foundation for their own enterprise-wide open banking strategy. Banks can choose and build the endpoints to their systems, and manage which gateways they connect to and utilize.

“The delivery of ACI’s new API manager capabilities is a key milestone in the realization of our Universal Payments strategy,” said Mandy Killam, executive vice president, ACI Worldwide. “Rather than a tactical ‘quick-fix’ to meet the PSD2 mandate deadline, our new capabilities will help clients protect their existing business, grow revenues in the short term and place them in the pole position of the open banking payments ecosystem. We will give them the tools and ability to monetize their open API strategy quickly and effectively.” 

The API manager capabilities will be available throughout ACI’s UP portfolio of on-premise and cloud-based solutions.

Universal Payments (UP) is at the core of ACI’s strategy to provide the broadest, most integrated suite of electronic payments solutions in the market. UP is ACI’s vision of enabling real-time, any-to-any electronic payments for financial institutions, intermediaries, merchants and billers. Its unique underlying technology framework, the UP Framework, consists of flexible, open payment services that enable organizations to innovate quickly, reduce risk and gain choice, flexibility and control over their payment strategies.