Our client is an exclusive membership based organisation providing rewards for businesses. Wanting to expand the core functionality of the rewards programme and elevate their service to the next level, the business looked for a partner who would facilitate a conversion of rewards points into currency. Caxton’s API made us the perfect match, and together we created a new service for the end clients.
Our solution was to extend our API to allow third parties to benefit from our Trading & Settlement rails. This meant our client would now be able to provide a hands-off service to their end clients, with two automated APIs working in conjunction to allow fast, accurate conversion of points to currency.
The adaptable nature of the API means that future expansion is possible, limited only by the imagination. This means that should the client want to expand the functionality, for example with multi-currency remittances directly to debtors, implementation will be simple to action in real time.