iSimpleLab will launch a pilot at the AFL site to use the open API environment

2023: Pilot launch on open API environment

iSimpleLab and the Fintech Association (AFL) have signed an information technology partnership agreement. As part of the pilot project, the company will work out interaction with financial organizations using the Open API environment. ISimpleLab announced this on June 14, 2023.

As part of the pilot project, it is planned to use the Open API in system remote banking service iSimpleBank 2.0 to ensure interaction with all market participants.

According to the results of the "pilot," the Association will test the software of the iSimpleLab company for compliance with the standards of open banking interfaces. AFL experts will advise project participants on the development and implementation of Open API-based solutions. Also, iSimpleLab will receive assistance in the testing process in the technology sandbox of the Association and at the stage of checking the software for compliance with standards.

Open APIs allow companies to create innovative products and services through efficient data exchange, make the user path convenient and seamless. The FinTech Association provides market participants with the opportunity to pilot initiatives and test solutions based on Open APIs, pass software certification for compliance with the requirements of the Bank of Russia. The more companies from various industries become participants in the Open API environment, the more new and useful solutions the market will receive, "said Maxim Grigoriev, General Director of the FinTech Association.

iSimpleLab has many years of experience in building Open APIs. In our opinion, the advantages of the Open API are expressed not only in the simultaneous development of the front and back by different teams, but also in creating an effective environment for partners, customers and fintech. Our experience with banks in developing APIs to solve specific problems will allow us, in partnership with the AFL, to effectively promote projects in accordance with the standards of open banking interfaces, - said the CEO of iSimpleLab Aleksei Tolkachyov.