Categories: All - security - requirements - guidelines - transactions

by Zyan Jamal 2 days ago

23

Open Banking

The concept of Open Banking involves the use of financial software and application programming interfaces (APIs) to enable secure sharing of financial data between banking entities, consumers, and third-party service providers.

Open 
Banking

Open Banking

Real World

Real Example Case
Status of OB around the world
Other names
OB is very recent

Where OB is going?

Customer Experience Guidelines
In Control
Secure
Informed
Must follow guidelines
Security Profiles
Decoupled
Redirect

Comparisons

Other Financial Platforms
Conventional e-banking
Open Banking

Requirements

Certain application programming interface (API) standards
A high level of cybersecurity and trust
Cooperation among financial entities and consumers
A regulatory framework

What is it?

Financial Software
Transactions
Provides a Service
Banking Entities
Estates
Investors
Trusts
Businesses
Public/Private Individuals