In the latest SDK.Finance press release, the company presented their API progress and celebrated a New API release which expanded from 0 to 246 APIs within the last year.

CEO of SDK.Finance, Alex Malyshev said: “Since we started an API project we can mark two aspects which significantly influenced on our client’s product: time and budget. An average time of launching a product on SDK platform decreased to 3 months. An average development cost became 5-7 times less. As a result, we found a lot of thankful clients. So today we can serve more customers from different countries with the same number of developers in our state.”

CTO of SDK.Finance, Pavlo Sidelov said:“Before we started developing an API, we changed the architecture of the platform and conducted internal team training that prepared us for a new development paradigm. One of the tasks was the choice of the framework for API development. We looked through a lot of different frameworks and decided to choose the world’s largest framework Swagger. It allows our clients to use any development language: Java, PHP, Python, etc. API exposure is not costly and during last few months, we managed to issue 10 API endpoints per week. Any new feature we first design on API and then deploy it in the system. Today not all platform functionality was transferred into API form but we plan to achieve it by the end of this year.

Just imagine that you need to develop a new payment system. 3 steps need to be done here: design, frontend, and backend. 30% of your time and budget is spent on design of users clients interfaces and front-end. Left 70%, a hardest part on back-end development. When it comes to integration on top of API SDK.finance it decreases the time of your product launch in 3-5 times. As an additional benefit your product is running on the stable and powerful platform which minimizes a probability of errors and guarantees stability of your product.”

API economy in fintech

A lot of market experts pay attention to the fact that it is the financial sector where integration is of critical importance. Introduction of the API has become a major innovation in the financial market. In the pre-API era, integration between various systems in the FinTech took years. In many cases, this situation is still relevant today, many excellent projects and initiatives remain unrealized or come to the market too late due to integration absence.

Today, the SDK.Finance API allows clients to launch payment services and loyalty programs as soon as possible. Integrate backend work with front end much faster with lower Capital expenditure (CAPEX).

About SDK.Finance

The company was established in 2013 in the Czech Republic. SDK.finance is the core payment platform for banks and financial institutions across the globe. In 2016 SDK.finance realized the 4th version of the platform. We provide service to clients from different countries including Singapore, Azerbaijan, Spain, Ukraine, Ghana, Ireland, UK, Canada, USA, etc.

2015 – CES Awards. The best FinTech startup in the Czech Republic

2016 – Finalist for the Red Herring Top 100 Europe Award

2016 – Pioneers.io: SDK.finance one of the top 10 FinTech start-ups

2017 – Winners of KB Hackathon (SDK.finance team)

2017 – Rising star. Financial IT 2016/2017 Pathfinder Ranking