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Cashwerkz rolls out API-enabled platform architecture for investing cash

Australian company Cashwerkz has confirmed it has implemented its new technology platform. The server-less platform architecture is designed to help Cashwerkz to quickly deliver new defensive cash investment solutions and innovations in a dynamic marketplace. 

The company says it can now concentrate on its ‘API as a Product’ strategy, helping it scale as it onboards new banking partners and better meet the demands of customer-led banking trends now in play in the open-banking era.

For Peter Whitfield, chief technology officer for Cashwerkz transforming the process for online cash investing highlighted even more potential for business innovation.

“We really wanted to adopt a more open and flexible platform architecture and be more agile when it came to product development," said Whitfield. "This was not a cost-focused decision, instead it was a strategic technology decision designed to build better business outcomes. This is cutting edge neo-cash investing for Australians.”

Cashwerkz new architecture is based on a server-less, event-driven, cloud-native technology strategy. This helps the business reduce the time to market for new features with reduced overheads when compared to its previous server-based architecture.

Whitfield added: “This strategy allows Cashwerkz to focus more of our technology resources on delivering business value instead of running infrastructure.”

With the platform in place, the technology team is now focused on the software code that can extend partnerships and launch new solutions.

“With greater business agility we can now spin up new concepts and offerings faster than ever before," Whitfield said. "This gives us a unique opportunity to integrate to other bank and adviser platforms via a range of unique data feeds."

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