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Achieving CDS Compliance While Boosting Your Open Banking ROI

  • By WSO2 Team
  • 18 May, 2020
On-Demand Webinar

Achieving CDS Compliance While Boosting Your Open Banking ROI

Tuesday, May 19, 2020
Webinar Slides

WSO2 Open Banking 1.5, our latest release, introduces full regulatory compliance for Australia’s Consumer Data Standards (CDS) v1.2. Our solution also now enables banks to publish custom APIs in addition to those mandated by regulation, accelerating digital transformation in banks using the same tech stack. With the extensibility provided by our solution, banks can secure added ROI by exposing a broad range of new capabilities via APIs. These help business teams innovate new customer solutions, collaborate more effectively with the fintech ecosystem and meet changing consumer and business needs prompted by the COVID-19 crisis faster.

This means, the benefits from your open banking technology investment don’t need to stop at compliance alone.

In this webinar, we will present:

  • An overview of how our modular architecture simplifies compliance while meeting core functional requirements of the CDS in real-world deployments covering dynamic client registration, financial grade API security (FAPI-RW), full support for consent flow and management, metadata cache management, and a broad range of operational statistical reporting.
  • Reference implementations for guidance on designing an adaptable open banking framework.
  • Lessons learnt from deployments in Australia and globally in the EU, the UK, the Middle East, and Southeast Asia.

Presenters

Dassana Wijesekara Director - Solutions Architecture, WSO2
Dassana Wijesekara

Dassana is an Enterprise Software Architect, Full Stack Developer, and Technology Evangelist with multidisciplinary skills and 18 years of experience in building, operating, and evolving scalable enterprise systems. He specializes in open banking and has helped multiple banks, credit unions, and building societies to achieve compliance and provide more consumer centric products and experiences. Dassana is an experienced coach and speaker in open banking, IoT, RIA, and microservices. In his role, Dassana has provided consultation in business architecture, solution architecture and application design, data architecture, and security architecture in many industry verticals which include banking and insurance, telecommunication, retail, logistics, and government. He writes about technology topics frequently and publishes his work on Medium and other platforms.

Sachini Siriwardene Senior Software Engineer, WSO2
Sachini Siriwardene

Sachini is a Senior Software Engineer in the Financial Solutions team at WSO2. She is actively involved in developing features relating to the Open Banking Standard in the UK and the Australian Consumer Data Standards. Sachini interacts closely with CSIRO’s Data61, the data standards body in Australia, via issues raised, feedback and working groups.