Banco BMG is equipped to face the challenges of Open Banking



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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.

By harnessing the power of AWS services, specifically Amazon EKS for container orchestration, Amazon S3 for secure data storage, and Amazon RDS for efficient database management, our solution is elevated to new heights of performance and reliability.

Looking forward, our vision for future innovation remains tightly intertwined with AWS. As we continue to explore the potential of services such as EKS, S3, and RDS, we are committed to pushing the boundaries of what's possible, driving technological advancement and setting new industry standards.

Embodying the essence of cloud-native architecture, our solution operates flawlessly as a SaaS platform on AWS. Amazon EKS ensures seamless deployment, scaling, and management of containers, enabling us to deliver an unparalleled user experience. The robustness of Amazon S3 guarantees data security and accessibility, while Amazon RDS optimizes database operations for maximum efficiency.

In the ever-evolving digital landscape, our partnership with AWS positions us not just as industry leaders in API management, but as pioneers who harness the full potential of EKS, S3, and RDS to deliver sustainable success and exponential growth to our clients.

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