Modernizing the Future of Finance: A Kong-versation With Finastra | Kong Inc
Blog post from Kong
Finastra is driving a transformation in the financial industry by advocating for open banking, which involves shifting from traditional closed systems to more open and interconnected frameworks. Spearheaded by Joey White, SVP of technology, the company emphasizes the importance of APIs and connectivity to facilitate digital transformation, allowing banks to collaborate effectively with fintech companies and third-party applications. This transition is crucial to maintaining customer trust and adapting to the evolving digital landscape, a shift accelerated by the COVID-19 pandemic. Finastra's approach involves a mindset change towards delivery-focused operations, where developers are responsible for automating processes to enhance customer experiences. The company has been recognized for its advanced API management and developer portals, evidencing its success in navigating this complex landscape. With a focus on DevOps and cloud-native services, Finastra aims to optimize automation and cost efficiency, continuously delivering new features and improvements. The company's vision extends to enabling Banking as a Service, leveraging sophisticated APIs and modernized backend systems to enhance financial institutions' capabilities, with Kong's API gateway playing a pivotal role in ensuring secure and efficient connectivity.
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