Monterail Open Banking Solution for Kuwaiti banks
BUILDING innovative software for industry leaders
Launch OpenBanking now.
In weeks not months.
Regardless of CBK expected regulations, Kuwaiti banks can harness OpenBanking
opportunities now & shape the OpenBanking landscape.
Monterail OB solution is a ready-made pluggable tech platform based on European standards.
Based on our experience with a Kuwaiti financial institution we can deliver OB now and recalibrate if needed after the standard is set. But most likely it will be similar.
Monterail Fintech Platform: introduction
The idea
Our Fintech Platform is a set of interconnected modules
for a modern, AI-capable Fintech innovations:
Core
banking
Acquiring
AML/KYC
Fraud
prevention
Card
issuing
Mobile App
Web App
REST API
SoftPOS
They can work together or separately.
Allowing for a fast product delivery and integration. Including Open Banking.
Open Banking
Client’s business case
Core
banking
Acquiring
AML/KYC
Fraud
prevention
Card
issuing
Mobile App
Web App
REST API
Architecture exAMPLE
Microservice
KAFKA – data layer
REST API
Monterail integration layer
SoftPOS
Open Banking
Monterail Open Banking solution
Monterail OB is your all-in-one financial solution, designed to seamlessly fuse traditional systems with the pioneering world of digital finance.
Whether it's processing transactions through our robust payment gateway, delving into banking history for enriched financial data, offering white-label mobile wallet solutions, or integrating digital currencies including crypto and stablecoins, Monterail ensures you stay ahead of the curve.
Alongside, our state-of-the-art services like 'Pay by Bank' and customer verification via integration underscore our dedication to security.
Monterail OB solution
Monterail OB is an integration layer which enables businesses with new services through access to bank account
Bank
Monterail OB API
TPP_1
TPP_2
TPP_3
User Business
User Retail
Integration layer
Monterail OB solution
Main functionalities
TPP (Third Party Provider) authentication
User consent management
Bank transfer – outgoing (SWIFT/SEPA)
Bank transfer P2P – internal
User verification (based on account history)
Monterail OB solution
Architecture
Monterail OB solution
Solution is build with:
- API interface for TPP
- Certificate management (TPP).
- Integration with bank infrastructure
via kafka solution
- Integration with others providers via kafka or API
Bank backend
API gateway (front)
API gateway backend
<< queue >>
kafka
<< app >>
certificate authority
<< app >>
config server
<< storage >>
key storage
<< api >>
authorisation services
<< api >>
customer information services
<< api >>
bank transfer
<< app >>
core banking
<< app >>
mobile app
<< module >>
customer
External provider backend
<< storage >>
other_database
<< api >>
other_interface
<< app >>
other_app
Third party provider
Technology stack
we are An official partner
Acknowledging challenges
Data privacy concerns
Regulatory compliance complexities
Need for increased consumer and SME awareness
Addressing adoption barriers
Use cases
User verification – identity check
Credit risk scoring
Integration with accounting system via OpenBanking interface
Peer-to-peer instant transfers (retail and business)
Monterail OB solution
MEET MONTERAIL
About Monterail
71
nps in 2023
390+
delivered projects
130+
Team members
14+
years on the market
WHO RECOGNIZED US
we are official partner
our clients
Proud to be partnered with the best
Main markets
Industries
• Western Europe
(Germany, the United Kingdom, and Switzerland)
• Middle East and South Africa
• the United States
• Fintech
• Retail
• Medtech
• HRtech
• Proptech
MEET the expert
Damian Stawiarski
Spent more than fifteen years as board member, senior consultant
and solution designer in several companies from payment industry.
He used to work with biggest banks in Europe like ING, BNPP, Pekao
and also with VISA and Mastercard.
His knowledge is related to product and technical aspects of payments processing, money transfer and innovative solutions for retail and business in financial sector.
Monterail Fintech Director
FULL-SERVICE CONSULTANCY
Comprehensive solutions for fintech industries: your one-stop tech partner
Get every competence under one roof
Web
development
Product
design
Mobile
development
Suggested next steps
1. Evaluate infrastructure
2. Define business outcomes
3. Create a high-level roadmap
4. Create Proof of Concept
Let’s stay
in touch!
hello@monterail.com
+966 59 742 5393
(Whatsapp)