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It's Not Magic, It's Middleware: Critical Plumbing for Fintech and Banking

October 25, 2023

When it comes to building successful fintech apps and banking products, the secret sauce is not abracadabra or hocus pocus. More often than not, it's effective middleware that enables seamless connectivity. Middleware plays a crucial role linking core systems and streamlining complex financial data flows. Rather than reinventing the wheel, many fintechs leverage middleware to accelerate development. Let's look at some of the top middleware fintech enablers:

  • Treasury Prime - APIs for banking, payments, cards and compliance.

  • Synctera - Platform to launch fintech products faster.

  • Synapse - APIs for payments, cards, banking data and Know Your Customer.

  • Unit - Connects fintechs and banks through flexible APIs.

  • solid. - Compliance, card issuance, banking and brokerage APIs.

  • omnio - End-to-end middleware for fintech banking, lending and ERP.

  • Productfy - APIs and business tools for digital banking functions.

  • Finastra - Financial services software including core banking.

  • Railsbank - B2B financial services APIs and products.

  • Galileo - APIs for cards, payments, fraud prevention and data.

Middleware Enabling Banking-as-a-Service

1. Treasury Prime

APIs for Comprehensive Banking Solutions: Treasury Prime offers a wide range of APIs for banking, payments, cards, and compliance. Fintech companies can rely on their services to access a suite of essential financial functionalities efficiently.

2. Synctera

Rapid Fintech Product Launch: Synctera provides a platform that empowers fintech companies to launch their products faster. Their middleware solutions streamline the process, helping businesses get to market more quickly.

3. Synapse

Comprehensive APIs for Financial Services: Synapse offers APIs covering payments, cards, banking data, and Know Your Customer (KYC) requirements. This allows fintech companies to access critical financial data with ease.

4. Unit

Flexible API Connectivity: Unit specializes in connecting fintechs and banks through flexible APIs. This facilitates smoother collaboration between financial institutions and technology companies.

5. solid.

Compliance and More: solid. offers middleware solutions for compliance, card issuance, banking, and brokerage APIs. This comprehensive approach simplifies the regulatory aspects of fintech operations.

6. omnio

End-to-End Middleware: omnio provides an end-to-end middleware solution for fintech banking, lending, and enterprise resource planning (ERP). Their platform covers a wide spectrum of financial services.

7. Productfy

APIs and Business Tools: Productfy offers a range of APIs and business tools specifically designed for digital banking functions. This helps fintech companies enhance their offerings and user experiences.

8. Finastra

Financial Services Software: Finastra offers financial services software, including core banking solutions. Their technology is a foundational element for many fintech companies aiming to offer comprehensive banking services.

9. Railsbank

B2B Financial Services: Railsbank provides B2B financial services APIs and products, enabling fintech companies to access essential financial tools and services for their customers.

10. Galileo

- Comprehensive APIs: Galileo offers a suite of APIs for cards, payments, fraud prevention, and data. Their middleware solutions are instrumental in creating secure and efficient financial products and services.

Like a secret ingredient, middleware solutions help fintech companies accelerate development and streamline integration. Instead of dealing with the complex backend aspects, fintech builders can rely on proven platforms to enable the next big innovation. So, when you're impressed by slick new apps and services, remember the middleware magic that makes it all possible!

In the ever-evolving fintech landscape, these middleware enablers are the unsung heroes, simplifying and enhancing the financial services that we use in our daily lives. As fintech continues to reshape the way we interact with our finances, these middleware providers will play an increasingly vital role in making the magic happen.

← Office of the CFO Banking-as-a-Service Heats Up As Fintechs Seek Embedded Finance →

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