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APIs are touching every facet of our society and financial services in particular relies heavily on APIs to enable their digital transformation efforts. WSO2 Customers like Wells Fargo, BNY Melon, and Societe Generale have used APIs to transform how they do business and remain competitive in the global financial services domain. These efforts have led to WSO2 being recognized as a Leader in The Forrester Wave™: API Management Solutions, Q4 2018. WSO2 is also the only fully open source solution in this report.
Open Banking is on its way towards global adoption and Singapore is seen as the front runner for open banking in Asia with banks opening up APIs since 2016. But the approach is organic, which means banks get to choose whether or not they open APIs to third-party providers.
Banks should invest in technology partners who understand the benefits of open banking, have all the technology to support an open banking implementation, and understand how open banking extends towards digital banking. WSO2 Open Banking is purpose-built for compliance and can be used by banks to accelerate their open banking journeys.
Managing the API lifecycle with Open Source technologies
WORKSHOP: API Management in Istio Service Mesh with WSO2 API Manager.
Open Banking: Thinking Bank in a World of Ecosystems and Programmable Business Interactions
WORKSHOP: Implementing a Successful Open Banking Architecture