Thailand’s ‘Your Data’ Initiative Is Here: Are You Ready?
Partner with us to transform the ‘Your Data’ initiative into a strategic opportunity. Move beyond compliance, with a secure, customer-centric framework.
‘Your Data’ initiative: Your business advantage
With the Bank of Thailand’s push towards Open Data Framework and Digital Finance, now is the moment to transform compliance into market leadership and sustainable growth.
Open Data Framework is a strategic turning point. It's about securely sharing customer-permissioned data via standardized APIs, transforming a regulatory requirement into a powerful engine for innovation and competitive advantage.
Accelerate revenue and innovation:
Foster new business models, embedded finance, and personalized products through strategic partnerships and API-driven collaboration.
Drive financial inclusion:
Expand credit access and digital services to underserved segments by leveraging richer customer data with explicit consent.
Expand customer reach:
Access new customer segments and demographics by leveraging the extensive channels and networks of fintech partners, rather than building new infrastructure.
Secure growth and future-proof operations:
Implement security-by-design, robust consent management, and continuous fraud detection to ensure compliance and future relevance.
The technology blueprint
API Management
Design, secure, and manage your APIs throughout their lifecycle. A robust API management platform helps you control access, monitor usage, and ensure the performance and scalability your digital initiatives demand.
Data analytics and insights
Turn raw financial data into actionable intelligence. Advanced analytics unlock deeper customer insights, personalized products, smarter risk assessment, and new revenue streams from consented data.
Strong customer authentication (SCA) and consent
Implement advanced authentication methods and a transparent consent management system. This ensures secure customer interactions and granular control over data sharing, crucial for regulatory compliance.
Cloud native infrastructure
Build for agility, resilience, and scale. A cloud-native approach with microservices and containerization lets you rapidly deploy and evolve open banking solutions as market demands and regulations shift.
Once these core components are in place, they can power digital transformation initiatives across your organization, extending their value far beyond Open Banking compliance.
Thailand’s technical advantage:
Navigating compliance
Thailand’s ‘Your Data’ Initiative. anchored by the open data framework, establishes clear technical requirements to ensure interoperability, security, and innovation. Explore the key specifications that will define your bank’s success.
BOT’s open data framework
Compliance with Bank of Thailand’s common standards and guidelines for RESTful APIs, JSON data formats, and ISO 20022 ensures seamless integration and alignment with global best practices.
Regulation for data sharing
The regulation defines standards for technical and security protocols, consent, and customer experiences, establishing the framework that governs how financial data is shared securely between institutions.
Security & encryption profiles
The open data framework recommends TLS1.2+, digital signatures, and compliance with ISO 27001 security frameworks, ensuring trust, resilience, and data integrity across all interactions.
Powering success through partnership
Collaboration is key to Open Banking's success in Thailand. We connect leading financial institutions with expert System Integrators, ensuring seamless implementation and accelerated innovation.
Your implementation journey simplified
While we provide robust Open Banking technology, your bank's specific implementation benefits from specialized expertise. Leverage our extensive network of global and regional System Integrator partners. They are ready to deliver tailored solutions, ensuring your compliance and strategic advantage.
Join our growing ecosystem
We welcome more innovative SIs to our network. Partner with us to expand your reach and expertise in Thailand's dynamic Open Banking landscape. Leverage our cutting-edge platform to deliver high-value solutions, unlock new business opportunities, and drive digital transformation for financial institutions across the country.
Explore Partnership
Unlock what’s ahead
Experience personalized open banking
Experience a personalized demonstration of how our solution navigates requirements and unlocks new business potential. Your demo will be tailored to your bank's specific needs and use cases.
Questions you may have
Addressing strategic and foundational concerns for all banking leaders.
Proven across global open banking markets
Thailand's open data journey isn't starting from zero — and neither are we. WSO2 has navigated open banking compliance across multiple regulatory regimes globally, so Thai banks get battle-tested technology and hard-won implementation expertise.
