New Open Source Contribution – The Apache Camel Debugger
February 1, 2022

New Open Source Contribution – The Apache Camel Debugger

in Camel , Enterprise Integration , Open Source

PortX, the Integration Platform as a Service (IPaaS) for financial institutions, is built on the open source Apache Camel framework. When leveraged correctly, Camel rivals the capabilities of expensive enterprise integration platforms while delivering the critical flexibility and security required in the financial industry. However, developing a financial-grade yet user-friendly platform on this powerful, evolving […]

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Demo: How to Connect Mambu to Fedwire Funds Service Using PortX
November 18, 2021

Demo: How to Connect Mambu to Fedwire Funds Service Using PortX

in Banking Core Integration , Fintech , Open Source , Payment Management

ModusBox recently announced a partnership with Mambu – the global fintech platform. At this year’s Money 20/20 event – the industry’s largest conference – we teamed up with our new partner to create a video illustrating the simplicity of connecting the Fedwire Funds Service to the Mambu core. We chose Fedwire because it is one […]

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Rating and Review: Integrating with Fiserv’s XP2 Banking Core
November 4, 2021

Rating and Review: Integrating with Fiserv’s XP2 Banking Core

in Banking Core Integration , Fintech , Payment Management

ModusBox works with banks and credit unions to eliminate dependency on their banking core vendor and enable the organization to leverage its core for what it does best. We do this by creating a flexible API layer on top of the banking core that unlocks the ability to quickly innovate new products and connections to […]

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Simplify and Automate Your Wire Transfer Process With PortX’s “Fedwire-As-A-Service” Solution
October 5, 2021

Simplify and Automate Your Wire Transfer Process With PortX’s “Fedwire-As-A-Service” Solution

in Banking Core Integration , Fintech , Payment Management

If you have ever sent a wire transfer, you know that the process is fraught with manual processes and a high risk of human error. Fintechs are solving this notoriously painful process with well-designed UI and API-led connections. This is driving the need for financial institutions (FIs) to improve the automation and user experience of […]

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3 Business Challenges Solved by Automating OFAC Screening With An API-Led Core Banking Integration Strategy
September 30, 2021

3 Business Challenges Solved by Automating OFAC Screening With An API-Led Core Banking Integration Strategy

in API Management , Banking Core Integration , Digital Transformation , IT Management , Payment Management

Know Your Customer is a tremendous challenge to financial institutions amid today’s increasingly sophisticated financial crime and money laundering schemes, and the cost of non-compliance is expensive. In the first six months of 2021, The US issued more than $711 million of fines to financial institutions (FIs) for non-compliance with Anti-Money Laundering (AML), Know Your […]

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Increase the ROI of Banking Core Integration by Addressing Technical and Non-technical Solutions
September 16, 2021

Increase the ROI of Banking Core Integration by Addressing Technical and Non-technical Solutions

in API Management , Banking Core Integration , Digital Transformation , Fintech

What does your member onboarding process look like? How do you track member satisfaction through that experience? One of our clients recently approached us because this didn’t exist for their organization. The credit union had no idea what or when the touchpoints were or if the experience was positive for new members. This blog will […]

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Foundation for FinTech Innovation: Securely Sharing Customer Banking Data With GUIDs
August 3, 2021

Foundation for FinTech Innovation: Securely Sharing Customer Banking Data With GUIDs

in API Management , Banking Core Integration , Digital Transformation

Digital transformation can start with a relatively simple project. For some customers, that first project has come in the form of an online banking implementation or a Salesforce integration. One of our credit union customers recently started on its digital transformation journey with one of the simplest implementations – a connection to the digital lending […]

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Webinar Recap: How Sound Credit Union Built a Foundation for Rapid FinTech Innovation
July 15, 2021

Webinar Recap: How Sound Credit Union Built a Foundation for Rapid FinTech Innovation

in API Management , Banking Core Integration , Digital Transformation , Fintech

Recently, David Wexler, CEO of ModusBox, interviewed Martin Walker, VP Digital Experience & Innovation of Sound Credit Union, for a behind-the-scenes experience of Sound CU’s digital transformation. The interview was part of Ongoing Operation’s webinar series titled Keeping Up With FinTech. In this webinar, David and Martin share the cultural, operational, and technical challenges overcome […]

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Saga-Based Design Using Apache Camel and Kafka: Implementing Highly Reliable Distributed Business Transactions
June 24, 2021

Saga-Based Design Using Apache Camel and Kafka: Implementing Highly Reliable Distributed Business Transactions

in Camel , Fintech , Open Source , Tips and Tricks

A “real-time payment” is a transaction in which funds are made available to a recipient – and taken from a sender – almost immediately when a user clicks “send payment” on their mobile app. This process involves several distributed systems: the user’s mobile payment app, the payment network service, the banking core system, and two […]

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