Bank Degroof Petercam

With over 150 years of experience, Bank Degroof Petercam is a leading financial institution that provides private banking and asset management services to private and institutional clients, as well as financial advisory and engineering services for corporates. The bank has a presence in eight European countries, with over 1,400 employees.

Challenge faced by Bank Degroof Petercam

• The market move toward open banking led Bank Degroof Petercam to identify a need to provide sandboxing capabilities for APIs to customers and partners alike.
• The bank’s existing product and technology teams lacked the bandwidth and expertise to create a professional and secure sandbox environment.

Solution

• Cyrex was engaged to deliver a proof of concept and provide a customised solution that met the bank’s specific requirements.
• Our team integrated a leading API Gateway and deployed the solution within the allocated time and budget.
• The sandbox environment provided a secure and functional space for early adopter customers and partners to test services via APIs with mock data without impacting production.
• The integration of the sandbox environment is a building block in Bank Degroof Petercam’s digitalisation and API strategy, with Cyrex supporting the bank’s technical teams in the first step of API foundation integration and engineering services.

Result

The sandbox environment was a win-win for both Degroof Petercam and Cyrex. The bank was able to offer its customers and partners a professional and secure sandbox environment to test services, helping to further their digitalisation efforts. Our team was delighted to have contributed to the bank’s API strategy and support the bank’s technical teams.