We have a very varied customer base. It includes banks and insurance companies, whose core banking systems we help make sustainable through modularisation and digitization, and also FinTechs, whose microservices we support through our API management platform and associated marketplace. We also aid successful partnerships such as team Hypothekarbank Lenzburg and neon. Increasingly, e-commerce players are also eager to take advantage of our technology, for instance, mobile.de uses ndgit to map and connect its digital credit process to multiple banks.
How are the products developed and what processes are used?
ndgit uses in-house development and employs 50 API and IT experts inhouse. Many are pioneers in their field, working on high-profile projects such as delivering the first-ever Open Banking platform in Switzerland; and less visible but vital areas like creating a high available SaaS environment backed by the latest banking standards. We use agile process models promoting active user involvement and team empowerment. This includes the ‘Scrum’ project management framework, ideal for projects with aggressive deadlines, complex requirements and a degree of uniqueness.
How do you decide what will be developed next?
While no one can say for definite what will be needed in a year or two, we work hard to make pretty accurate predictions. We have a team of market experts focused on being the first to track down the latest innovations globally. Another team is in constant contact with our customers, giving us almost daily feedback on where needs are arising. Based on this combined intelligence, our product owners are able to develop market-focused roadmaps, which are then agreed with ndgit’s senior management.
On which technology are the products based?
For the development of our microservices, we primarily use Java and Spring Boot. For secure and scalable operation, we rely on Redhat OpenShift. Bank customers, in particular, now expect 24/7 access to their finances, therefore, maintenance and updates must be invisible. Using OpenShift, we can ensure that any upgrades can be easily performed without any downtime.
Which tools are in use?
We are a technology-driven company and make a significant investment in tools to help us support smooth delivery. We use the ‘git’ distributed version-control system for tracking changes in source code during software development, and we use Atlassian products to control the Scrum teams and documentation. Because our developers work in different locations, we use ‘Slack’ team collaboration software tools, which are now an integral part of all our internal corporate communications.
How do you guarantee the security of your systems?
Data security is always our highest priority. Our SaaS platform supports our customers’ financial applications, so must be protected at all times. We use highly certified German data centres. Because security is a central component of our development process, we also ensure our solutions are tested by independent third parties on a regular basis.
Are there any specific hardware issues that need to be considered?
We try to ensure there are no issues on the customer side. Our platform is agnostic and can be connected to core banking systems of all kinds. This enables the preservation of legacy systems.
What interfaces are used to link ndgit to core banking systems?
We connect our platform to core banking systems using Restful APIs as a thin integration layer. At the same time, our middleware enables easy implementation of optional service modules and bank microservices. In order to be able to serve all our customers simultaneously, we have access to API implementation experts from partner companies with market-specific know-how, for example, Synpulse in Switzerland or Jambit in Germany.
One of the major trends of digitization is the reshaping of value chains with a focus on the perspective of the digital customer. Within this process, many companies concluded that financial services are an elementary add-on to their products, as they are related to most buying processes. This led to a booming market of Embedded […]
The largest European online car market, AutoScout24, enters the B2B business. With the purchase of AUTOproff, the leading European B2B marketplace for car dealers, Autoscout24 gains access to more than 43,000 dealers across Europe and opens up a completely new business area. More than 20,000 registered car dealers can buy and sell vehicles in real […]
Next level embedded finance platforms: From regulatory-driven to market-driven Open Banking infrastructure The introduction of PSD2 has put pressure on banks to implement the Payment Service Provider Directive by the deadline of early 2018. The result was a boom for service providers specialising in the management of PSD2-relevant interfaces (APIs). Ndgit thus made it into […]
Open Banking 2022: Trends in Business and Technology* (*Webinars only available in German) In 2021, the digitization of the banking world will accelerate significantly once again. In our webinars, we want to show what opportunities banks have to leverage this development for their business: both in the form of more efficient technological solutions and through […]
As a software development company for Open Banking cyber security is critical for us and our customers. Therefore, a strategic approach is mandatory to achieve the right maturity level. The first step is to organize a security strategy that prioritizes cybersecurity as a company imperative.
ndgit announced today that the leading provider of market research and analysis on information technology, Forrester Research, has included ndgit among the nine providers that matter most in their report, „The Forrester New Wave™: Open Banking Intermediaries, Q1 2021“.
The International Organization for Standardization (ISO) has issued two certificates to ndgit in recognition of the company’s achievements in the fields of information security management and business continuity management.
In 2021, the digitization of the banking world will accelerate significantly once again. In our webinars, we want to show what opportunities banks have to leverage this development for their business.
The second EU Payment Services Directive PSD2 has been fully in force for a good year. Time for ndgit, one of the pioneers in PSD2 compliance, to look back and forward.
ndgit has been awarded as winner in the category "Best Banking Platform Germany 2020" at the International Business Magazine Awards. The aim of the award series is to recognize the best achievements of emerging companies in the international business and finance industry.
Take a look at the ndgit API Platform version 2.0, now in a brand new design with enhanced functionality in the areas of team and stakeholder management, documentation and developer support.
Interesting interview between the Austrian online magazine economy.at and our CEO, Oliver Dlugosch, about Open Banking as a challenge to time-honoured financial institutions, current industry trends and his experience as FinTech entrepreneur.
Funding partner DVH Ventures recently interviewed ndgit’s founders, Oliver Dlugosch and Florian Pahl, to get a quick snapshot of the business and discover what sparked its creation and success. Here’s what they found out...