Open Banking

The organization’s essential target of the cooperative banking society is to help distressed families with funds for temporary accommodation, repayment of the debt, medical emergencies, etc. They needed customer-friendly access towards digitization such as dashboards, mobile app, new technologically evolved solutions. The solution to this problem was to use Open Banking API to get the Account information for the users and a 100% digital process for cheque deposit and encash. The main challenge was that they required the client's perspective about endorsing or rejecting the check dependent on the accuracy of the information.