Banco BMG equipped to face the challenges of Open Banking
Banco BMG Case Study
Established in the 1930s, Banco Bmg provides accounts, loans, insurance, and investment products to individual, corporate, and wholesale clients, along with retail management support. It pioneered offering payroll-deductible loans.
Our client’s challenge
Banco BMG needed to align with Open Banking regulations. The primary objective was to ensure that its API infrastructure could effectively store all consented data for customer behavior analysis. The bank also aimed to establish secure communication channels with other banks, all while meeting compliance requirements.
Sensedia’s role
Sensedia’s API Management platform enabled effortless integration into the bank’s existing infrastructure, ensuring compliance with security regulations.
Experience gains
BMG successfully aligned with Open Banking requirements, demonstrating its commitment to the security of participants' communication channels, products, and services. The bank effectively safeguarded customer data and leveraged Open APIs to develop innovative payment and credit solutions.
Strategic gains
In June 2021, BMG reported an impressive growth of 28.2% over a 12-month period, accompanied by a remarkable surge of 240.5% in active account holders. The bank also demonstrated its commitment to innovation by opening its APIs to third parties, thereby establishing a robust foundation for Open Finance initiatives.
Sensedia enables enterprises to modernize legacy systems by building a governed API and integration backbone on AWS. Leveraging Amazon EKS for container orchestration, Amazon S3 for secure data management, and Amazon RDS for resilient storage and performance, our approach gradually decouples legacy cores into composable, cloud-native services, without disrupting existing operations.
This modernization journey is aligned with Sensedia’s philosophy: connect, expose, and evolve. We start by exposing legacy capabilities through APIs, then progressively migrate workloads into managed environments like EKS and RDS, while ensuring data consistency and governance through our hybrid gateway and iPaaS.
Together with AWS, Sensedia drives sustainable modernization, not just a lift-and-shift. By combining AWS’s scalability with Sensedia’s expertise in API lifecycle management and integration, we help clients evolve from legacy monoliths to intelligent, composable platforms that fuel innovation and new digital channels.
Our shared vision with AWS is to continuously push the boundaries of modernization, enabling our clients to transform at their own pace while laying a secure, future-ready foundation for growth and interoperability.
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