Capco helped deploy capabilities to aggregate multiple accounts into a single user view.
Leveraging our Fintech partner’s secure and encrypted sandbox environment for rapid prototyping, combined with our in-house innovation and proposition development capabilities, an iterative agile approach was implemented to deliver functionality aligned to the bank’s product vision. This collaborative approach to development involved both bank stakeholders as well as a Capco team of scrum masters, designers and developers to build and test the solution.
The combined team successfully completed build of the account aggregation service able to pull live bank account information once connected by customer users.
Next steps are to integrate with the various bank-provided Open Banking APIs and proceed to customer pilot testing, followed by additional functionality to create a more dynamic, insightful and integrated capability to meet customer needs including issuing intra-bank-account payments, smart cash management capabilities such as pooling, sweeping and, greater analytical capabilities.