Financial entities in Colombia have a new way to integrate into the Bre-B ecosystem: a single API that allows you to connect with multiple nodes or rails, manage various services and automate operational processes in real time.
This infrastructure, promoted by Minka, allows banks, cooperatives and fintechs to join the national immediate payments network under a centralized model, with the aim of reducing technical complexity and accelerating the launch of new interoperable financial products.
Through this interface, entities gain transparent access to transferscollections, dispersion of funds and monitoring of transactions without modifying the central systems or assuming high development costs.
The API allows any bank, cooperative or fintech to connect to all nodes and use cases of the ecosystem through a single technical interface. This eliminates the need to develop specific connections with each network.
Unified model automates processes such as transaction reconciliationmonitoring the status of payments in real time and validating transfers upon entering the network.
“Payments and operations will automatically go through the correct system, depending on the use case. We call it reconciliation flows,” said Camilo Arango, expansion leader at Minka.
Through these types of ways, Cooperatives and fintechs can increase their level of competitiveness in the market without incurring large initial investments. In addition, the model allows for scaling and adding services as the Bre-B ecosystem evolves, which helps with rapid adaptation to regulatory or demand changes.
Likewise, the integration with the Payments Hub API allows you to operate BaaS (Banking as a Service) products in shorter times and without profound changes to the banking core.
Centralized access enables the development of business services and collection and dispersion solutions for large and small playersexpanding the portfolio of products available to customers.
“All transactions, all systems, and a single point of control. Monitoring is in real time and allows us to see the status of each transfer on each network,” mentioned Arango.
This type of solutions implements automatic validation and fraud prevention mechanisms from the entry of requests. Entities can identify and filter irregular operations before connecting to the network, reinforcing controls and supervision of each transaction.
Users, for their part, They have immediate payment servicestransfers and interbank movements with traceability and real-time monitoring, which provides greater confidence and transparency in each operation.
Bre-B is the national ecosystem that connects financial entities, cooperatives and fintechs to enable immediate transfers and interoperable digital services.
Its objective is to unify the different participants, under a technical and operational framework that allows payments between accounts in different networks and banksboth for business users and end consumers.
The pressure to improve financial inclusion, offer more agile digital products and respond to the demand for immediate transfers, encourages governments and regulators to promote open ecosystems.
Interoperability allows different financial institutions and technological platforms to interact under common standards, enabling payments, transfers and services between banks, fintechs and other actors without technical restrictions. This capacity reduces costs and increases operational efficiency for the sector and users.
