Transform Your Idea
Banking Central API project
Client: Financial regulatory
QA
Expertise:
Tech Stack:
Analyst
PM
Backend
Frontend
RESTful APIs
PostgreSQL
JSON/XSD
Node.js
Python
OAuth 2.0
DevOps
A financial regulatory institution responsible for overseeing interbank operations and maintaining the stability of the banking sector. The client aimed to enhance digitalization and establish a unified, secure information exchange system across all banks under its jurisdiction.
About the Client
The Central Banking API project sought to create a unified information system for seamless interbank data exchange, establish uniform data standards, and enable the secure sharing of information with third-party services. The project was designed to simplify regulatory control, improve transparency, and foster digital transformation across the banking sector.
Project Overview

Challenges & Objectives

Challenges:
  • Lack of standardization in interbank data exchange formats.
  • Inefficient regulatory monitoring of banking services and activities.
  • Limited ability to securely share banking information with third-party services.
Objectives:
  • Develop a centralized system for interbank information exchange with unified standards.
  • Enable integration with third-party services using a consistent format.
  • Enhance security and simplify compliance with regulatory requirements.
Implementation
01
System Architecture & Analysis:
  • Conducted detailed system analysis, including market research in other countries to identify the most efficient interbank data exchange schemes.
  • Designed a robust system architecture tailored to the client’s needs.
02
Key Deliverables:
  • Developed JSON/XSD schemas for API validity checks.
  • Implemented business logic based on JSON/XSD specifications.
  • Built a secure server infrastructure, including a sandbox environment for testing.
  • Integrated OAuth 2.0 authorization for secure access.
  • Designed robust information validation mechanisms to ensure data integrity.
03
Testing & Documentation:
  • Automated tests to verify API performance and reliability.
  • Created comprehensive documentation to facilitate future development and integration by other programmers.

Outcomes & Business Impact

  • Standardization: Established a unified framework for interbank data exchange, simplifying collaboration among banks.
  • Enhanced Transparency: Improved oversight of banking activities and services by the regulatory authority.
  • Integration Capabilities: Enabled seamless and secure sharing of information with third-party services, fostering innovation in the financial ecosystem.
Efficiency Gains: Simplified regulatory compliance and reduced administrative overhead for banks.
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