Fintech Integration Services: Uses and Benefits for the Organizations

Fintech integration services, these days, are availed by a good number of organizations owing to an impressive number of benefits. The key benefits are documented below in detail. So, read on! 

Fintech Integration: An Overview 

Fintech integration services intend to improve the financial system and enhance its effectiveness through the help of highly advanced and powerful financial technology applications and software. This integration plays an important role in streamlining operations and serving the customers as per their dynamic demands. Many digital payment platforms and mobile banking apps have been developed with the help of integration. 

Fintech Integration Services: Everything you need to know 

Collaboration with the right firm for fintech integration is essential since a lot of time and skill are required to witness the desired results. Planning must always be strategic and for the long-term. Technology is at the forefront of fintech integration services. All the improvements and advancements associated with integration are driven by the rapidly evolving technologies. Many fintech organizations fail to meet their productivity targets due to the manual efforts involved in carrying out repetitive tasks and processes. Fintech integration maximizes productivity through automation. 

Fintech integration helps insurance service providers in collecting real-time data through telematics for formulating the best pricing strategies for all their policies. Integration helps the lenders to make it easy for the customers to link their bank accounts for loan disbursal by effortlessly connecting their portals with the banks’ Application Programming Interface (API). 

An impressive number of investment organizations, these days, are using AI to help their clients in decision-making. The adoption of AI has ensured the success of countless marketing initiatives and campaigns. Customers tend to find all their answers through AI and therefore, they are tempted to avail the services from the organizations that extensively use AI in all their offerings. AI-powered chatbots have enabled the customers to engage in personalized conversations and receive instant answers. These chatbots successfully create an illusion that the customers are talking to a human because of being equipped with the Natural Language Processing (NLP) technology. 

The integration of mobile wallets across the fintech universe is witnessing an unprecedented surge. The mobile apps and websites that are integrated with the wallets are delighting the customers with convenient transactions round the clock. The data storage requirements of the fintech firms are fulfilled through cloud-based integration. 

Fintech Integration Services: The Biggest Benefits 



Fintech Integration helps organizations regardless of their size in the following ways:

Entering and Succeeding in New Markets Becomes Easy: Fintech integration gives organizations access to the new markets where making their presence felt used to be extremely difficult via the conventional financial services. The fruitful insights acquired through integration help in understanding the customer behaviour and market trends without making much effort and in record time. Therefore, tempting the potential customers as well as retaining the existing customers becomes extremely easy for the fintech players. 

Significant Reduction in Operational Costs: Fintech integration helps the organizations in resource allocation by expediting tasks like data entry and customer service. The time saved through automation is utilized to perform the core tasks and formulate strategies for ensuring long-term success. 

Mitigates Risks: Fintech integration is always bundled with powerful mechanisms capable of assessing risks and detecting frauds. Staying compliant with the regulations also becomes easy. Therefore, the risks associated with fintech systems are considerably minimized. 

Staying ahead of the competition becomes easy: Organizations availing fintech integration services tend to perform better than their competitors who persist with the traditional fintech systems. The customers are always delighted with the personalized services offered through the mobile banking apps and payment platforms. 

Ensures Transparency: Fintech integration utilizes the blockchain technology to maximize transparency since the networks are decentralized and there are no intermediaries. The facilitation of cross-border payments is a classic example to showcase the might of blockchain in the fintech world. 

Hexaview Technologies: An unmatched fintech integration service provider 

Hexaview Technologies is a digital transformation organization engaged in offering fintech integration services to a whopping number of clients across the globe. Hexaview is equipped with a team of highly experienced developers who have years of experience in Robotic Process Automation (RPA), blockchain, fintech and data analytics. Hexaview has been in the fintech market for over a decade now and it continues to offer excellent quality at the most affordable cost. 

Hexaview recently helped a fintech giant in integrating the payment processing capabilities of another player into its platform. This integration intended to offer seamless payment options to the client’s customers. The latter operated in an extremely regulated environment. Therefore, ensuring data security and staying compliant were the biggest challenges associated with this project. Hexaview created a sandbox environment. The production environment of the target firm was replicated but the sensitive data was masked. Simulated transactions were carried out and the issues identified during the testing phase were quickly resolved. The sandbox environment ensured a successful integration in the minimum possible time. After the completion of the project, the client witnessed an impressive rise in the number of its customers. Hexaview has also been a part of many other fintech integration projects where the expectations of the clients were exceeded. 

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