How Interconnectivity Solution Works

BankBridge was started as an initiative to make it easier for financial institutions to communicate with each other through one interface instead of connecting to every institution individually. As such, BankBridge connects to every user’s own interface, whether this is PSD2 compliant, proprietary or designed around other standards. It then translates these interfaces into a unified API. It performs this through a connector/translator architecture which also handles several other functions such as auditing, rights management or agreement management.

 

How Interconnectivity Solution Works

BankBridge was started as an initiative to make it easier for financial institutions to communicate with each other through one interface instead of connecting to every institution individually. As such, BankBridge connects to every user’s own interface, whether this is PSD2 compliant, proprietary or designed around other standards. It then translates these interfaces into a unified API. It performs this through a connector/translator architecture which also handles several other functions such as auditing, rights management or agreement management.

Types of Connecting Parties

Members

Members

Banks and other financial institutions that are connected to BankBridge, leveraging PSD2 and other open banking initiatives. Members do not sign any commercial agreement with us, but they constitute our network.

Partners

Partners

Providers of third-party solutions in the BankBridge marketplace. BankBridge offers an SDK (Software Development Kit) which allows third-party providers to develop innovative services on their own.

Customers

Customers

Companies that are eligible to use one or several solutions that are provided by BankBridge. Customers have to sign a commercial agreement with us to build new services or enhance their existing services.


Benefits


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Efficiency

BrankBridge’s unified API completely removes the need to manage a huge number of different APIs, thereby enabling the smart allocation of your internal resources.

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Compliance

Our unified API solution is PSD2 compliant, which allows our customers to handle API requests to all members of the BankBridge system.

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Less Costs

IT costs for the PSD2 compliance would be substantial, assuming an initial implementation process including development, testing, deployment, verification and maintenance. Our solution strips away these unnecessary layers and provides the most cost-effective approach.

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Security

To ensure connections being secured, BankBridge takes several measures, such as IP-security, encrypted connections and requests through a token security model.

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Sizeable Network

Interconnectivity solution has geographic scalability, as it can adapt to any kind of API implementation such as PSD2, ISO20022 or even to proprietary interfaces.


Benefits

Efficiency

Efficiency


BrankBridge’s unified API completely removes the need to manage a huge number of different APIs, thereby enabling the smart allocation of your internal resources.


Compliance

Compliance


Our unified API solution is PSD2 compliant, which allows our customers to handle API requests to all members of the BankBridge system.


Less costs

Less Costs


IT costs for the PSD2 compliance would be substantial, assuming an initial implementation process including development, testing, deployment, verification and maintenance. Our solution strips away these unnecessary layers and provides the most cost-effective approach.


Security

Security


To ensure connections being secured, BankBridge takes several measures, such as IP-security, encrypted connections and requests through a token security model.


Sizeable Network

Sizeable Network


Interconnectivity solution has geographic scalability, as it can adapt to any kind of API implementation such as PSD2, ISO20022 or even to proprietary interfaces.



EU Horizon 2020


BankBridge solution was evaluated by the EU Horizon 2020 and received the Seal of Excellence for being an innovative and workable concept.