Symphony Labs

Symphony Labs: A new generation of banking infrastructure

Symphony Labs has been developed with the vision of implementing a new generation banking infrastructure. In this context, it has a system in which Open Banking services are offered to third parties and based on the use of these services.
It promises a system that utilizes open banking and ERP services to build a market infrastructure for the delivery of financial services. It is suitable for use by both B2B and B2C customers.

Although it aims to develop the Banking (Banking-As-A-Service and BaaS) platform, it has the feature of being a service that provides easy integration with traditional (SOAP) or innovative (REST) systems.

Symphony Labs has a laboratory environment that enables the development and delivery of financial services offered. In this way, potential users have a full overview of the product.

The need of traditional banks

Traditional banks, which are at a competitive disadvantage in the Open Banking market, need to initiate digital transformation projects in order to offer their financial services to third parties as an API.

With Symphony Labs, GTech activates all financial and banking activities with BaaS and marketplace infrastructure that does not require any infrastructure investment. In this way, banks have the chance to stay ahead of the competition by differentiating the services they want to offer with unique services according to the needs of the relevant market.

  • Offers all the main Open Banking services

  • Allows the addition and presentation of financial services to be offered by third parties

  • Offers the Banking as a Service (BaaS) infrastructure for the use of both B2B and B2C customers

  • Allows the consumption of services provided by third parties with a revenue model

  • Enables Fintech companies to offer competitive products and services

  • Creates an Open Banking marketplace platform that allows the development of services in competition with each other

  • Customized transactions can also be defined in addition to existing transaction

Symphony Labs-specific GTech services

With the experience gained by involving in the digital world for 23 years, we provide technology and data science support to businesses from every industry; we add value by facilitating their processes.

In Symphony Labs, we are commissioning all financial and banking activities with BaaS and marketplace infrastructure, which does not require any infrastructure investment.

Advantages of a lean and user-friendly interface

  • Customer

    It can enable users to become Credin customers and make it possible to query customer information with a customer number and T.R. Identity Number.

  • Credit

    The payment schedule of the loans received from Credin can be easily viewed and monitored.

  • Payment

    User's invoices from many organizations are quickly queried and paid.

Symphony Labs privileges

  • With SOAP and REST services, SQL Scripts can be easily exported via Apigate

  • Scalable and developed with microservice architecture.

  • Enables the development of the Release and Deployment process with zero downtime.

  • Easy to use.

  • Offers platform and DB independence.

  • Ensures the development of the Banking-As-A-Service (Banking-As-A-Service and BaaS) platform.

  • The APIs and SDKs required for BaaS provider are provided.

  • It has an infrastructure that is easily integrated into traditional (SOAP) or innovative (REST) systems.

  • Has the ability to respond agilely and quickly to new service and product demands from the financial ecosystem.

  • Has a marketplace infrastructure where all of the open banking services are offered for global banking activities.

  • It is a completely innovative solution for the financial sector and takes state-of-the-art one step further.

Technical overview of
Symphony Labs

It has technologies that ensure competitiveness and scalability. In this context, all services and applications of Symphony Labs product work as auto/manual scaling on the container.

Since all transactions pass through pipes, the desired number of pipe definitions can be made. Many features, such as transaction request and response time, exceptions, verification, fraud control, and rule definition, can be added to these pipes.

Transaction keys produced for customers can be defined with special and optional key definitions and quantity and IP control definitions, and thus security measures are kept at the highest level.

Symphony Labs microservices can be separated from the customer-based container upon request. Thanks to the Gateway service, special services can be used for customers who consume intensive transactions.

Services integrated with Symphony Labs can be effortlessly referenced to the Symphony Labs Integration Service after being published in any environment as SOAP and REST; it can use the methods and models of these services at runtime by keeping the meta of third-party services in the DB. Moreover, there is no need to develop any code. For this purpose, there are screens on ApiPortal that display service reference identification, mapping, authorization, demo run, and added operations as documents.

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