Extend your banking
community with APIs
axway.com
4
Compete
with tech giants
Connecting banks
to the API economy
LUXHUB's focus on
providing a common
developer portal for banks
is an example of a new industry subsector created
because of APIs and PSD2: the emergence of
compliance-as-a-service products that allow multiple
banks and fintech providers to offer all their open APIs
on one platform.
Rapidly increasing new
accounts and transaction volume
In just three years with no new bricks-and-mortar
branches, PermataBank created new business models
and fintech partnerships with spectacular results:
• 375% increase in account acquisition
• 72% of new accounts attributed to APIs
• 274% CAGR growth in transaction volume
"Banks will have to reinvent themselves.
They will have to change their culture,
and their revenue streams."
— Jacques Pütz, CEO, LUXHUB
Innovate
with core systems
Collaborate
with strategic fintechs
Look beyond compliance to deliver innovative digital experiences and
create a financial ecosystem that accelerates and sustains growth.
READ THE
LUXHUB STORY
<
axway.com
SUCCESS STORY
Industry
Financial Services
Geography
Indonesia
Challenge
Meet changing customer
expectations with alternative tech
solutions that solve their money
management needs
Solution
Created new business models
and fintech partnerships with
the help of Axway AMPLIFY™
API Management
Results
• 375% increase in account
acquisition
• 72% of new accounts attributed
to APIs
• 274% CAGR growth in transaction
volume
PermataBank
How one of Indonesia's leading banks rapidly
increased new accounts and transaction volume
in three years with APIs
In just three years, PermataBank tripled new account acquisition without
adding branches or staffing resources to their distribution network. This
growth is almost all fueled by new APIs, which contributed 72% of new
account acquisition in 2019.
Working with new fintech partners in wealth management and P2P lenders,
as well as enabling payments APIs for platform businesses like e-commerce,
rideshare, payment gateways, and online gaming providers, PermataBank has
entered new markets, extended its customer base, and increased the size of
transactions conducted through the bank.
"While there were some normal annual increases, bank APIs and
the willingness to try new business models were behind much of
this rapid growth."
– Abdy Salimin, PermataBank CIO and Director of Technology and Operations
<
READ THE
PERMATABANK
STORY
