How NXTsoft's API Marketplace
Benefits Fintech Companies
The digital landscape for financial institutions changes daily. The branch is no longer king. Consumers expect to be able to meet all their financial needs online and in real time. Fintech companies are answering the call, developing new, robust applications that meet consumer needs. But there’s still a caveat: how to connect A to B? Hundreds of Fintechs partner with NXTsoft for API Connectivity as a Service and here’s why you should too.
Get Your Product to Market Right Away
You've developed an awesome solution that’s going to revolutionize the financial industry. Or you have a successful, established solution. Don't waste valuable time and resources creating different connections to various core systems and financial institutions.
For over 25 years, NXTsoft has built innovative solutions on the strongest technology foundation in the industry, and to the highest industry and regulatory standards. It’s impossible to replicate that level of API connectivity in a short amount of time.
Reduce Your Connectivity Costs & Responsibilities
Do you want to spend your resources on developing individual connections to each financial institution customer or would you prefer to spend those development dollars making your solution even better?
A Real-World Example
Fintech X is selling a digital loan package to an institution running Core Y.
Fintech X will need to hire a developer to write a connection to Core X, or take their current developers’ attention away from their flagship solution.
Conservatively let’s say it costs Fintech X $100,000 to hire a developer whose sole focus is API connectivity.
After Fintech X hires the perfect developer, it’s going to take around 6 months for every new core connection that developer creates.
For Fintech X to get just a handful of connections completed, it could take years.
With NXTsoft’s connectivity library, we can have you set up with a new bank or credit union customer within 90 days, no matter which core they utilize.
Without NXTsoft, costs will be higher, including initial development costs.
And if you manage connectivity in-house, your team will also have to install, support, & maintain the connections.
The challenges and costs grow exponentially as most cores put out 2 major releases and 5 enhancements every year.
NXTsoft’s OmniConnect Connectivity as a Service removes all of those obstacles for a flat monthly fee and the API cost to the financial institution.
Close More Deals Faster
Going to market without an independent API integration partner means that your prospective customer must go back to their core provider to be able to connect to your solution. Not only do many core providers have competing products to yours, but they also are extremely slow at developing API connectivity (6-12 months) and can be very expensive.
NXTsoft's API Connectivity as a Service provides you with a best-of-breed connectivity solution. Using our solution, you can close deals quickly, because we provide pre-built API integrations into so many existing applications. Your sales team can walk into a deal knowing that connectivity will not be an issue. Our extensive data library into core platforms and our industry experience ensure an organized execution of data integration with your customer. Speed up your sales process by partnering with NXTsoft for API connectivity. If around 30% of the sales conversation is about the integration, then having the issue of connectivity solved will give you a much better chance at closing the sale quickly.
Get More Exposure with NXTsoft’s API Marketplace
In addition to superior connectivity, your business will get significant exposure in our Fintech-focused NXTsoft API Marketplace where we have thousands of existing, established connections.
We value our partners and work to promote the Fintech companies with whom we partner through our API Marketplace and via joint marketing efforts that include social media, digital ads, podcasts, webinars, direct mail campaigns and more.