Payment Gateway Development: Seamless Open Banking & 200+ API Integrations

5 min

IN A NUTSHELL

Seamless integration of 200+ APIs

Compliance with PSD2 regulation across 16 EU states

Enhanced customer rating from 2/10 to 9/10

About Client

Founded in 1966, the client is an American multinational payment card services corporation headquartered in New York. The client offers a range of payment transaction processing and other related-payment services throughout the world.

EMPLOYEES

33,000+

LOCATION

USA

INDUSTRY

Financial Services

01

What was the challenge

The client was struggling with the EU's tightening regulations on banks and wanted to innovate its payment systems via Open Banking technology and the development of a new Payment Gateway. To achieve this, the client needed over 200 APIs to ensure seamless EU integration. The project also involved adhering to the PSD2 EU directives, which emphasize customer consent, data security, and secure authentication.

02

How we solved the problem

Ciklum strategically addressed the client's challenges through a series of impactful initiatives. The journey began by developing and implementing over two hundred APIs to ensure seamless connectivity across multiple countries. The initiatives also included offshore scaling of resources, compliance assurance, and integrating disparate elements into a unified open banking platform. The outcome was a robust solution that met immediate needs and paved the way for future advancements.

Payment Gateway Roadmap

Provided autonomous squads to deliver the payment gateway roadmap and ensure a 99.8% service uptime.

API Development

Successfully developed over 200 APIs for integration across 16 EU countries, enhancing cross-border connectivity and operational efficiency.

Rapid Upscaling

Ciklum rapidly expanded the client’s development team from 15 to nearly 60 members across Poland and Spain, providing scalable project teams focused on AI-supported development.

Compliance with PSD2

To ensure complete compliance, Ciklum focused on customer consent, security of customer information, and secure customer authentication.

Risk Mitigation

Focused on ESG elements in all proposals, with specific targets and roadmaps developed for sustainability.

AWS ECS Deployment

Deployed AWS ECS with Fargate for autoscaling capabilities to dynamically adjust the number of running tasks or services based on predefined criteria.