Problem:

Many FinTech companies and platform builders lack the infrastructure and licenses required to offer comprehensive banking and wealth management services to their customers. Building such capabilities from scratch can be time-consuming, and costly, and may not align with their core competencies. Recognizing this gap, Halo Financial Services aimed to provide a solution that would empower other FinTech companies to leverage their licenses and infrastructure for API banking services.

Solution:

Halo Banking as a Service, an API banking solution, was developed to address the challenges faced by FinTech companies and platform builders. This innovative offering allowed external entities to utilize Halo Financial Services' licenses and infrastructure, enabling them to provide their customers with a range of banking and wealth management services. The provided APIs covered various functionalities, including savings wallets, lending, investments, and social banking features.

Learn about Halo API Banking here

My Involvement:

As the Product Lead:

I collaborated closely with the technical team to design robust and secure APIs, ensuring the delivery of diverse and reliable financial services.
Oversaw the meticulous documentation process, providing potential users with comprehensive and accessible information about Halo's API banking services.
Conducted an exhaustive regulatory review, ensuring strict adherence to regulatory requirements and guaranteeing a compliant and secure offering.
Engaged proactively with potential partners, effectively communicating the substantial benefits of adopting Halo's API banking services.
Led testing initiatives on APIs to evaluate usability for potential users, offering valuable insights and recommendations for continuous improvement.
Contributed valuable insights to pricing strategies, aiding in the development of competitive and sustainable pricing models.
Played a key role in contract negotiations, leveraging insights to ensure favourable terms and agreements that align with business objectives.

Impact:

Successfully launched Halo Banking as a Service, expanding the company's footprint in the FinTech industry.
Empowered external FinTech companies and platform builders to offer sophisticated banking services without significant infrastructure and licensing investment.
Facilitated collaboration and partnerships within the FinTech ecosystem, enhancing the overall industry landscape.

Skills:

API Design and Testing
Technical Documentation
Strategic Planning
Regulatory Compliance
Partnership Development
Sales Enablement
Pricing
Negotiation

Halo Banking as a Service- API Banking