![]() ![]() Banks will also likely find it attractive that these services require minimal connection effort on their part and offer access to multiple third parties. Such services enable incumbent banks to build and launch products more quickly, and probably more easily, than they have historically been able to. We expect to see more of these products in the near future. ![]() Virtusa Polaris said more features will be added down the line. The Accelerator has three main components: Fintech Connect, 50 "innovative fintechs" banks can connect to Core Connect, adapters that help APIs connect to banks' core systems and BIAN Compliant MicroServices Blueprint, a product for lending, payments, and wealth management. ![]() Virtusa Polaris on Wednesday launched its OpenBank API Accelerator, a cloud-based platform that helps banks integrate with third parties and leverage their services for their own clients. ![]() Banks need only connect once to the FINKit platform in order to access functionalities of multiple providers, including digital wallet solutions and payments security, which they can then deliver to their own customers via their proprietary digital services.
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