Aus fintech launches new microservice

Australian fintech company Hay has launched Hay-as-a-Service (HaaS), with the support of the Appian Low-Code Automation Platform.

The solution provides fast, secure and customisable financial services processing for financial and non-financial businesses.  The low-code automation platform enables HaaS to deal with the complexities of managing its services at scale for its clients, allowing the company and its clients to concentrate on delivering value for their customers.

“The move from traditional finance to embedded finance is accelerating across a range of sectors because it gives an organisation more ownership of the entire customer journey,” explained Jason Latham, Chief Information Officer at Hay.

“The single pane of glass we developed on Appian’s low-code platform allows us to manage our platform and our client’s embedded finance products with ease, in a low-touch fashion with a minimum of manual effort and intervention.  This allows us to concentrate our skilled resources on our HaaS platform.”

The HaaS solution offers one modern API front end for individual companies to enhance their customer experience. The HaaS platform is a pure microservice, cloud native offering and includes a range of configurable and flexible microservices modules, such as accounts and core banking, payment processing and management, financial crime, data analytics and insights, card services including ApplePay, GooglePay and other digital wallets, loyalty and rewards and onboarding new customers.

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