Synpulse and NDGIT partner up to connect banks and insurers with digital ecosystems
Zürich/Munich, 12 December 2018
The internationally established management consulting company Synpulse and NDGIT, provider of the first API platform for banking and insurance in Europe, entered a strategic partnership. Synpulse will provide consulting and implementation services for the NDGIT API platform in Switzerland and other selected international markets. With new regulations and increasing digital user experience demands, the partners consider an API management platform key to succeed for banks and insurance companies. They combine NDGIT’s PSD2 compliant API solution and Synpulse’s implementation in financial industry experience as the basis for successful joint digitalization initiatives.
«Our aim is to enable our banking and insurance clients to efficiently fulfil new digital customer demands, facilitate innovation, and meet new regulations» says Raphael Bianchi, responsible for Digital Banking and Banking Innovation at Synpulse. «Thanks to NDGIT’s API solutions we are able to add a valuable component to our digital banking strategy supply chain and expand our Open Banking solutions. Now we’re offering financial institutions the opportunity to provide access to their data, products and services through APIs in order to add value and create new revenue streams.»
With many core banking systems beginning to expose APIs, the banking architecture landscape is starting to change fundamentally. To leverage the capabilities of those APIs, there is a need for a system to orchestrate the new services. «With NDGIT we have found a leading platform that provides a costefficient solution for API management» continues Simon Alioth, Head of Open Banking at Synpulse.
Oliver Dlugosch, CEO of NDGIT adds: «NDGIT decouples a bank’s legacy back end and front end to significantly reduce the time to market and lower the costs of new products and services. Currently we see a run for our platform and marketplace as more and more banks understand isolated banking offers will come to an end soon. The future is connected. We are glad to cooperate with Synpulse as strategic partner to implement our software in the complex infrastructure of banks.»
The partnership allows NDGIT to maintain its focus on further enhancing its product offering, while Synpulse contributes its industry knowledge and project delivery experience. NDGIT and Synpulse are currently executing a common project for a large international bank in order to deliver API management and Open Banking capabilities.
About Synpulse
Synpulse is an internationally established management consulting company and a valued partner of many of the world’s largest financial services companies. Since its formation in 1996, Synpulse has supported banks and insurance companies along the entire value chain, from the development of strategies and their operational realization through to technical implementation and handover. Synpulse stands out due to its profound industry know-how as well as the passion and commitment of its more than 350 employees. Synpulse is represented i.a. with offices in Zurich, Geneva, Dusseldorf, Frankfurt, Bratislava, Vienna, Singapore, Hong Kong, New York, and London. More information: www.synpulse.com
About NDGIT
NDGIT GmbH represents the next generation of digital banking and provides the first API platform for banking and insurance in Europe. By connecting banks and fintech companies to digital ecosystems, NDGIT enables innovative partnerships and creates new API and PSD2 solution standards. Just last year NDGIT implemented the first open banking system in Switzerland and received the Euro Finance Tech Award 2017.
