Accelerating global treasury
With our secure API aggregator, you gain a single endpoint for real-time connectivity to ALL your banks, regardless of data formats.
We created Necto so corporates, banks, treasury technology providers, ERPs and PSPs can evolve beyond antiquated financial messaging.
Our platform harnesses the power of next generation, API driven bank connectivity.
As a team of proven Fintech innovators, we made it our mission to provide the rails for our partners and clients to transform how global treasury operates.
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Before Necto
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After Necto
Replacing Complexity with Simplicity
Eliminate the lengthy time, cost, and labor of building bank APIs in-house. Necto’s multi-bank aggregator creates bank API connectivity, fast. Treasury teams and financial institutions know that bank APIs are the future of connectivity. Legacy connectivity, such as host-to-host, is too slow and insecure to meet today’s expectations for the pace of business. Despite the desire for API connectivity, treasury teams’ ambitions have been blocked by obstacles – until now.
Replacing Complexity with Simplicity
Eliminate the lengthy time, cost, and labor of building bank APIs in-house. Necto’s multi-bank aggregator creates bank API connectivity, fast. Treasury teams and financial institutions know that bank APIs are the future of connectivity. Legacy connectivity, such as host-to-host, is too slow and insecure to meet today’s expectations for the pace of business. Despite the desire for API connectivity, treasury teams’ ambitions have been blocked by obstacles – until now.
Automatically normalizes and standardizes data
Each bank has its own data standards. Every API stream – from transactions to payments and trade finance – requires its own set of instructions running into hundreds of pages each. Building just one of these API connections can take years of work by dedicated IT specialists. Building multiple connections for multiple banks absorbs time and budget most companies are naturally reluctant to make. Necto leapfrogs development complexity, automatically normalizing all incoming data from your banks into one single, standardized format that is simple to connect to.
Greater security
Any bank API must run the gauntlet of corporate IT security standards – no treasury can connect to a bank API without IT approval. Before acceptance, the bank API must meet your company’s rigorous security protocols, such as the ability to sign the JSON web token with an X509 certificate. Necto comes prebuilt with the most advanced security protocols, including end-to-end encryption of data at rest and in motion, accelerating corporate IT approval.
Seamless integration
Bank data is only as valuable as its utility, and utility means direct integration with existing corporate systems like ERPs and data lakes. These integrations can be complicated – but without them, corporations and their treasury teams cannot extract the full value of their incoming bank data. From the start, Necto was designed to easily integrate with existing systems, with end points that are simply plug-and-play, so you get all the bank data you need in real-time, without the connection headaches.
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Common Questions about Bank API Aggregation
What is a corporate bank API aggregator?
How is a corporate bank API aggregator different from a consumer bank API aggregator?
What are the benefits of a bank API aggregator for corporate treasury?
How is a multi-bank aggregator different?
Who uses a bank API aggregator? Why?
There are three primary users of bank API aggregators:
1. Corporations and their finance teams. There are dozens of wholesale bank API use cases for corporate treasury and finance.
2. Platforms. Any company whose business runs using bank data. By advancing to bank API connectivity, they can increase the speed of their processes and potentially open up new lines of revenue.
3. Developers. Software engineers building apps that involve commercial banking data most certainly want a single endpoint for accessing corporate multi-bank APIs. Instead of spending hours connecting to each individual bank API, their precious developer hours can be spent building their application because they can simply use the comprehensive developer resources for BankLync. Financial institutions also recognize that partnering with a multi-bank API aggregator is beneficial. Banks put a great deal of time into building high quality bank APIs, but without a multi-bank API aggregator, the adoption of commercial bank APIs is low.