Empower your system with our robust API solutions & simplify financial processes for secure and efficient operations.
The bank can create a new revenue stream by charging business users an annual fee for API banking services for each account, along with transaction-based fees. This could generate up to 3-5 crores in revenue annually for every 10,000 business accounts.
Business users can directly process salary and EPF payments from their own ERP systems, eliminating the need to contact the bank each month for these transactions. This saves time, reduces effort for both banks and business clients.
Business customers no longer need to visit the bank for routine tasks like payments and statement, as they can handle everything through their own ERP systems. This reduces branch traffic and enhances convenience for businesses.
The business team can easily set up offers and campaigns without needing to code or rely on the IT/Digital team. With Rapid, banks can launch new services, like mobile banking apps or fintech partnerships, 80% faster than before.
Banks can make API banking their unique selling point (USP) for attracting business accounts by offering an API banking facility that significantly reduces costs for business users.
Banks can benefit from higher float income and transaction fees as business users choose your bank as their primary account, keeping all their funds with you.
The Bank can sell its other business related products such as POS, QR, Business Loan, etc directly through the business user’s ERP system.
No need for constant coding, Rapid provides pre-built APIs for all kind of Banking services with the customizable permissions.
Banks can manage all their digital channels-like online banking, mobile apps, and payments-through a single platform, making it easier to oversee operations and offer a unified experience.
Rapid automates routine tasks like managing accounts and processing payments, reducing manual work for employees and minimizing errors. This helps the bank operate more efficiently.
Whether you're a Bank or App platform, our API banking solution is designed to meet your needs. Start today by scheduling a demo.
