October 19, 2017 | Written by: Randy San Nicolas
Categorized: How-tos | What's New
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Yantra transformed into an award winning Fintech powerhouse. Yantra Financial Technologies was recognized as a “Company to Watch” as part of the 2016 FinTech Forward rankings released by American Banker and BAI.
By deconstructing and rebuilding technology infrastructure from the outside-in, Yantra produced a technology and modernization approach designed for rapid deployment and success.
The Yantra difference
Banks now conduct an exception-based post-transaction compliance after their batch, or end-of-day runs, are complete. The random sampling results in over 90% of the transactions during the business day not tested for compliance. So when banks want to step up and check larger volumes, their headcount and costs scale linearly.
The foundation for Yantra’s offering is a “compliance first approach.” The multiple automated steps and manual follow-up, if necessary, enable high-quality KYC checks. Also, 100% of transactions are risk scored in real-time for the bank to stop any non-compliant transactions in-flight. Yantra offers a highly scalable solution for the digital business with virtually no incremental costs with volume.
Using YLabs in Bluemix
You can transform your bank by using YLabs on Bluemix! The first thing you’ll need is a Bluemix account. If you don’t already have one, you can register for an account now. You can sign up for the 30-day free trial!
From within the Bluemix console, search for the YLabs service (listed in the Finance section). See below:
Click on the YLabs tile, as highlighted above, to take you the Ylabs service page on Bluemix (as shown below):
Look for “Register at Ylabs” and click on the link. You will be redirected to the YLabs sign up page. Enter your user and company information for processing as shown below:
Your sign up will result in two events:
- Your account for accessing developer documentation is created; and,
- Your API credential is created. You will receive a ‘welcome’ email containing your API credentials and information on how to obtain support, as shown below:
Please note, a YLabs team member will approve your account request within the hour.
Once the developer logs into the developer portal, there are different resources such as ‘Docs’, ‘Guides’ and ‘Explorer’. The ‘Docs’ section contains API documentation, ‘Guides’ contains a reference product implementation, beginner’s guide and version management.
Now you’re ready to start exploring YLabs APIs and building your next killer banking application! For questions or support please email us at firstname.lastname@example.org. Feel free to post comments and questions at the bottom of this blog, too!