Category
Web Application

ABOUT FINANCIAL SERVICES API PLATFORM

The Financial Services API Platform is an enterprise-grade solution developed with .NET Core, designed to power secure and scalable banking operations for financial institutions.

It enables real-time payment processing, account management, and third-party integrations aligned with global regulatory frameworks such as PCI DSS, GDPR, and Open Banking standards.

This platform helps financial organizations modernize legacy systems, accelerate digital transformation, and provide secure, compliant, and high-performance financial APIs capable of processing millions of transactions per day.

ISSUES FACED BY THE CLIENT

Fragmented systems for patient records and scheduling led to inefficiencies.

Manual paperwork slowed down billing, prescriptions, and insurance processing.

Lack of integration with third-party medical and lab systems.

Security vulnerabilities around patient data handling and compliance.

Need for real-time data accessibility across departments and roles.

Our Approach

Microservices-Based Architecture

  • Implemented a domain-driven, microservices architecture ensuring modularity, independent scalability, and fault isolation for each banking service.

Secure API Gateway

  • Developed a centralized API gateway handling authentication, rate limiting, routing, and real-time traffic monitoring.

Real-Time Payment Processing

  • Engineered high-speed payment APIs with multi-currency and transaction validation features ensuring fast, reliable, and error-free transfers.

Advanced Analytics Layer

  • Integrated a dedicated analytics service for fraud detection, real-time monitoring, and business intelligence dashboards.

Compliance & Security Framework

  • Implemented PCI DSS Level 1, SOX, and GDPR compliance with AES-256 encryption, OAuth 2.0, and multi-factor authentication to ensure data integrity and user trust.

The challenge

Scalability & Performance

  • Handling half a million transactions per day while maintaining ultra-low latency and 99.99% uptime.

Security & Regulatory Compliance

  • Meeting stringent global standards including PCI DSS, GDPR, and Open Banking guidelines.

Third-Party Integration

  • Enabling seamless and secure integrations with fintech partners and mobile banking apps.

Real-Time Monitoring

  • Building proactive systems for detecting fraud, anomalies, and transaction failures instantly.

SWOT Analysis

Strengths

Highly secure and compliant .NET Core-based architecture.

Real-time, high-volume transaction handling capability.

Weaknesses

Complex testing and validation due to multi-layered integrations.

Continuous monitoring required to ensure compliance with dynamic regulations.

Opportunities

Expansion into open banking ecosystems and global financial platforms.

Integration with blockchain and AI-based fraud prevention systems.

Threats

Rapid evolution of fintech standards and compliance requirements.

Potential cybersecurity threats targeting high-value transactions.

STRATEGIC SOLUTION | KEY FEATURES & FUNCTIONALITY

  • Account Management APIs
    • Comprehensive account creation, update, and balance management modules with real-time synchronization across systems.
  • Payment Processing APIs
    • End-to-end fund transfer, transaction validation, and payment tracking with secure, multi-currency support.
  • Analytics & Monitoring Service
    • Real-time fraud detection, anomaly alerts, and performance analytics for proactive risk management.
  • Compliance & Audit Layer
    • Fully integrated PCI DSS, SOX, and GDPR modules ensuring encrypted data storage, access logs, and regulatory reporting.
  • API Gateway & Security
    • Centralized routing with rate limiting, token-based authentication, and encrypted request/response management.
  • High Availability Architecture
    • Auto-scaling and failover systems designed for continuous uptime and high throughput under heavy load.
  • Developer-Friendly Documentation
    • Comprehensive API documentation and sandbox environment for faster third-party integration.

Project Screenshots

Results achieved

Delivered a modern and secure API platform capable of handling high-volume financial transactions with consistent uptime and performance stability.

Enabled real-time payment processing and multi-currency support, empowering the client to expand global operations with confidence.

Improved transaction processing speed with an average API response time of just 50ms, ensuring smooth customer experiences.

Achieved regulatory compliance across multiple frameworks, including PCI DSS Level 1 and GDPR, ensuring full data security and transparency.

Reduced operational costs through automation, analytics-driven monitoring, and a scalable hybrid cloud deployment.

Technologies used

PHP Laravel

PHP Laravel

MySQL (DB)

MySQL (DB)

WordPress

WordPress

JavaScript

JavaScript

3rd Party API Integrations

3rd Party API Integrations

Woocommerce

Woocommerce

Technologies used

ReactJs

ReactJs

Laravel

Laravel

MySQL

MySQL

TailwindCSS

TailwindCSS

Google Recaptcha

Google Recaptcha

MAP_New

Global Footprints

Served clients across the globe from38+ countries

iFlair Web Technologies
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