Axway, Blanc Labs to Offer Integrated Open Banking Solutions

Axway (Euronext: AXW.PA), a provider of open banking built on the Amplify API management platform, is pleased to announce its partnership with Blanc Labs, a “trusted” financial service and healthcare innovation partner.

While the largest banks are already well along their digital journey, many others are still tasked with competing “in what can feel like an uneven playing field.” Financial institutions must have a clear strategy “for implementing, governing, monetizing, and marketing APIs to ensure a frictionless customer experience and better business results.”

Eyal Sivan, Head of Open Banking at Axway, said:

“We want to help all banks – anyone who has something to bring to the table – to strategize and compete in the open banking arena. They will thrive as they embrace open APIs, build on trusted customer relationships, and meet their customers’ needs wherever they are.”

Blanc Labs CEO Hamid Akbari remarked:

“At Blanc Labs, we help our clients achieve extraordinary results by accelerating their digital transformation journey. APIzation will enable secure data interoperability within the financial services ecosystem. Open banking and Banking-as-a-Service pose a disruption challenge as well as a massive growth opportunity for banks and fintechs.”

The specialized solutions offered by Blanc Labs together with Axway “make API integrations more efficient and cost-effective thanks to universal API management.”

Benefits of the unified API platform include:

  • Increased productivity as developers easily find and repurpose APIs, eliminating duplication of efforts
  • Less technical complexity by unifying and simplifying API services across the organization
  • Stronger security thanks to a unified, vendor-agnostic view of all APIs
  • Faster legacy system upgrades through an API-first layer, which simplifies the addition of new services
  • More robust governance through centralized documentation for multiple developer teams

Akbari adds:

“Partnering with Axway, a pioneer in API management and the open banking space, is a natural fit for us. Out-of-the-box support for open banking and common data standards will significantly reduce the cost of building next-gen financial services and will accelerate time-to-market for our clients.”

As banks gain confidence with Axway and Blanc Labs open banking solutions, they can “move from optimizing processes and keeping up with industry standards to unlocking new business models, discovering richer customer data insights, and building highly personalized services to delight their clients.”

As noted in the update, Blanc Labs claims it is “a preferred partner for enterprises looking to digitize and build the next generation of technology products and services.”

To help companies rapidly deliver on their digital initiatives, Blanc Labs has “developed expertise and bespoke solutions in a wide variety of applications in financial services, healthcare, enterprise productivity and customer experience.”

Headquartered in Toronto, Blanc Labs “serves the Americas through operations in Toronto, New York, Bogota and Buenos Aires.”

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