Switzerland’s Leading Telecommunications
Company uses CA API Management Solutions to Accelerate Fintech
Initiative and Help Satisfy Regulatory Requirements
CA Technologies (NASDAQ:CA) today announced that it is
partnering with Swisscom in a strategic alliance to create an
innovative Open Banking Hub. Switzerland’s leading
telecommunications company and one of the country’s leading IT
companies is standardizing on the CA Technologies API Management
portfolio to create a simple, secure interface that connects
financial institutions with third-parties, including fintech
start-up companies.
The Swisscom Open Banking Hub enables unprecedented
opportunities for collaboration between banks and third-parties,
inspiring the rapid, secure development of innovative new services
and customer experiences that drive business growth.
“Traditional banks and new, nimble Fintechs are no longer
working against each other, but rather in tandem to create exciting
and compelling new financial solutions,” says André Durrer, Head of
Digital Business Platforms at Swisscom. “The Swisscom Open Banking
Hub provides banks, Fintechs and other third-party providers with a
secure and agile platform upon which they can grow business. CA
Technologies is the lynchpin of this modern and dynamic Hub,
enabling secure API-based connection between providers and users of
services. Their proven, flexible solution opens the door to digital
data communication in existing and future financial
ecosystems.”
Open Banking Hub Drives Innovation
Open banking has arisen from new legislation that gives
financial providers secure access to customer information via APIs
(application programming interfaces), which import the data they
hold into third-party applications and services. It represents a
significant shift in the way both consumers and businesses bank,
enabling the development of a wider range of personalized services
and increased competition in the market.
With the Swisscom Open Banking Hub, financial institutions and
third-parties do not need to worry about infrastructure issues and
challenges such as security, performance, availability and
transparency. Everything in the Hub is available as a service,
ensuring that Hub users maintain the focus on developing future
services, helping them remain competitive and compliant.
The concept of the Hub is not limited to the financial services
sector. The comprehensive nature of the solution framework, its
ease of use, cost-effectiveness, and scalability can equally be
applied to other industry sectors. With this in mind, Swisscom and
CA Technologies plan to extend the initiative to start-ups in other
sectors, such as MedTechs, InsureTechs, GovTechs, and RenTechs.
CA API Gateway Delivers Security Without Sacrificing User
Experience
The CA API Gateway enables Swisscom to selectively open data and
applications through the Hub to third-party developers—driving
innovation, customer satisfaction and increased efficiency.
Security is managed centrally, traffic can be prioritized to help
ensure APIs remain available and responsive, and a variety of
deployment models ensure support for a wide range of platforms,
including Docker, AWS and Azure. This full lifecycle API management
is also a critical requirement for open banking. According to
Gartner, “open banking brings a number of key requirements for full
life cycle API management vendors.” Their 2018 Critical
Capabilities for Full Life Cycle API Management* also ranks CA
Technologies the highest out of 22 API management vendors for the
open banking use case for its CA API Management portfolio.
“The development of the Open Banking Hub represents a high-water
mark in an eight-year relationship of digital transformation
between Swisscom and CA Technologies,” says Rahim Bhatia, senior
vice president and general manager, Developer Products at CA
Technologies. “We’re pleased to build on our joint success, and
enable Swisscom by providing the secure, scalable and performant
API platform that will support and accelerate the growth of this
innovative financial ecosystem as the Hub expands.”
Other key projects CA Technologies has been involved with
include supporting Swisscom with service reporting; accelerating
the development and launch of Swisscom’s TV solution portfolio;
standardizing secure application interfaces internally; servicing
the bank’s internal mainframe reporting; optimizing the testing of
the bank’s API factory; and additional reporting on the bank’s
network of large enterprise customers.
To learn more about Financial Services solutions from CA
Technologies, visit:
https://www.ca.com/us/why-ca/industries/finance.html. For more on
CA Technologies API Management solutions, please visit
www.ca.com/api.
*Gartner, Inc., Critical Capabilities for Full Life Cycle API
Management, Mark O’Neill, Paolo Malinverno, 01 May 2018
Resources
- Research Report: 2017 Banking
APIs: State of the Market Research Report
Gartner does not endorse any vendor, product or service depicted
in its research publications, and does not advise technology users
to select only those vendors with the highest ratings or other
designation. Gartner research publications consist of the opinions
of Gartner’s research organization and should not be construed as
statements of fact. Gartner disclaims all warranties, expressed or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
About CA Technologies
CA Technologies (NASDAQ:CA) creates software that fuels
transformation for companies and enables them to seize the
opportunities of the application economy. Software is at the heart
of every business in every industry. From planning, to development,
to management and security, CA is working with companies worldwide
to change the way we live, transact, and communicate – across
mobile, private and public cloud, distributed and mainframe
environments. Learn more at www.ca.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180919005028/en/
CA TechnologiesJennifer Miu,
+1-650-534-9318jennifer.miu@ca.comorMariateresa Faregna, +39 335
5701336mariateresa.faregna@ca.com
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