KARACHI: Khushhali Microfinance Bank has announced has deployed API Manager/Gateway as part of its strategy to implement a Digital Stack.
The API Gateway provides an open API standard-based interfacing mechanism for seamless integration with Fintechs and other partners. The API Gateway is primarily designed to deliver agility, security, monetization, analytics, and overall lifecycle management of APIs using a structured and easy-to-use mechanism.
Moreover, through a Developer Portal and Sandbox (which is an integral part of the gateway), Fintechs and third party partners can sign up, subscribe, consume and test Khushhali Microfinance Bank’s APIs without any human intervention.
The Sandbox is available on the Internet and this provides fintechs an opportunity to test APIs offered by KMBL with their applications without the hassle of going through a manual process.
With the deployment of the API Gateway, Khushhali Microfinance Bank aims to cut down on the time and effort required to integrate third parties and Fintechs resulting in quicker time to market for new products and features for its customers.
While validating this newly introduced API gateway, Khushhali Microfinance Bank’s CEO & President Mr Ghalib Nishtar said, “Khushhali Microfinance Bank has always followed a structured plan for the implementation of its digital strategy and roadmap and the deployment of an API Gateway is in line with that approach.”
“It enables the Bank to offer new and innovative products and features to our customers via our digital channels thus fulfilling their financial as well as non-financial needs while at the same time, enabling us to easily and smoothly build partnerships with innovative Fintechs from around the world,” he added.
