The HCL API Hub provides an online platform for consumers (banks, third party systems, etc.) to connect with multiple banks or corporate ERP systems through a single, consistent API per function. The APIs typically represent standard banking functions e.g.: fetch balance from accounts, invoke payment against invoice, etc. For a consuming entity, the HCL API Hub takes away the burden of integrating with multiple flavors of API exposed by different banks.
The HCL API Hub empowers banks with a single established API to get access to customer data held across multiple banks and ERP systems securely and fast. It aggregates data across diverse APIs exposed by multiple banks.
The HCL API Hub can be easily deployed and modified to cater to the tailored needs of the bank. APIs are available 24/7 so that banks can support customers at all times. The HCL API Hub supports elastic scalability; it adopts auto-scaling deployment patterns to cater to instant load. Banks can save on hardware cost as it auto-scales down when the load is low and can save development cost as it adopts CI/CD best practices in the cloud. APIs are well defined and documented which enables developers to build holistic digital experiences in no time.
The HCL API Hub pre-integration with banks and ERP systems enables banks to offer their corporate customers a truly integrated view of cash and working capital, which, in turn, will help in improved customer experiences, customer retention, and an increase in revenues.