Overview
PeopleHedge Corporation, a financial services technology startup, provides API-based foreign exchange and domestic payments solutions for community banks and credit unions. It partners with major industry software vendors to provide a streamlined technology stack, which in return is utilized by banks in their daily operations with customers. The PeopleHedge SmartRoute technology also provides a patent-pending auction-based marketplace with multiple foreign-exchange pipelines to provide lower-cost payments compared to legacy payments solutions.
Challenges
With the need for community banks to grow revenue and increase their customer base without costly system conversions, PeopleHedge provides API-driven services that make bank payment systems more flexible and developer-friendly. As software integration with large payment solution platforms is often a time-consuming and costly process, banks often default to one of the legacy players in the marketplace, which often comes with high fees, poor exchange rates, and poor user experience. The additional cost of using these legacy systems is almost always pushed to the consumer.
"It not only reduced our time in onboarding new clients but also gave us confidence ... clients would have high-quality, reliable, and tested integration code built to our standards"
Matthew Henkler
CTO at People Hedge acquired by Acceleron
Results
APIMatic offers a complete developer experience solution that provides multi-language SDKs with API reference docs, dynamic code samples, and assisted authentication. Moreover, it also auto-generates comprehensive API documentation in multiple languages.
The auto-generation of feature-rich SDKs in multiple languages helps to accelerate the API consumption process without having to worry about the underlying code. APIMatic APIs seamlessly integrate code generation into the CI/CD pipelines so that every time the API is updated or versioned, the changes are reflected in automatically generated SDKs and documentation. APIMatic also provides the support to easily publish SDKs as packages to language-specific package publishing platforms.
Using APIMatic’s APIs, PeopleHedge auto-generates API documentation and SDKs in .NET and Java, then publishes the NuGet or Java package via a private repository with all the binary client connectivity libraries. Whenever their clients need the latest point release, they just refresh Visual Studio or Eclipse and get the new API client libraries when they refresh their dependent libraries. This allows for a rapid turnaround when addressing upgrades, feature requests, bug fixes, and other traditional developmental pain points that traditionally take weeks or months to implement, which can now be done in minutes.
PeopleHedge found that ever since APIMatic was added to their API landscape, it enabled faster time to market and quicker onboarding. Their client onboarding time was reduced by 30-40% by providing SDKs and API Portals that host comprehensive documentation and an API code playground to make live API calls without having to code.
Since all client libraries are built in the vendor’s preferred platform, the PeopleHege client libraries can provide language-native data structures for data exchange. Traditional issues around ‘JSON wrangling’ in RESTful APIs are a thing of the past.
and code samples.
30-40%
reduction in integration time
"Once a Vendor integrates with our client libraries, we only need to provide API authentication information, and they can start retrieving live data from our system"
Matthew Henkler
CTO at People Hedge acquired by Acceleron
"We understand how hard software development is and strive to provide a significantly better experience for developers"
Matthew Henkler
CTO at People Hedge acquired by Acceleron
30-40%
reduction in integration time
Closing more deals:
Providing SDKs in multiple languages gives their customers the confidence that if they have to build something custom in-house, Foxit eSign APIs can easily integrate the SDKs into their environments.
"Just having SDKs available [in multiple languages] for our API closes deals"
Jorge Euceda
Software Engineer at Foxit eSign
Faster time to production:
Introducing APIMatic into Foxit eSign’s API landscape has changed how their APIs are adopted. It has drastically reduced the time to get onboarded with the API, and any prospect evaluating Foxit can quickly make a contract and call their endpoint directly through the API code playground during demos.
"Our role ... to streamline development. With APIMatic, this time has been reduced from six to two months."
Jorge Euceda
Software Engineer at Foxit eSign
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