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Open Banking: The Foundation for AI-Powered Innovation

Unlock AI-led hyper-personalization, new revenue models, and competitive differentiation

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Why WSO2: The global open banking solution of choice

Transforming a regulatory requirement into a powerful engine for innovation and competitive advantage.

The results of building a modern API foundation

35%
faster product innovation
25%
increase in customer retention
40%
growth in new revenue streams

Key pillars of our solution

Our comprehensive solutions are designed to guide your bank from foundational readiness to strategic leadership in the open banking era.

Boost revenue and innovation:

Foster new business models, embedded finance, and personalized products through strategic partnerships and API-driven collaboration.

Secure architecture:

Security-by-design, consent management, and continuous fraud detection to ensure relevance and stability.

Composable architecture:

Scale and evolve quickly with modular APIs that eliminate the need for total overhauls.

Data analytics and insights:

Leverage raw financial data for personalized product development and enhanced risk assessment.

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Your open banking journey: Foundational or leading?

The global open banking landscape is diverse. Select the path that aligns with your current regulatory environment.

Meet standards and gain market share

For financial institutions operating in jurisdictions with an active open banking mandate.

Navigate specific national standards and technical specifications. Our regional micro-sites provide the tailored guidance you need.


Nigeria Vietnam

Be the first mover

For countries without an active mandate.

Implement Open Banking as a new revenue engine through embedded finance and Banking as a Service.

Understand how to implement open banking without a country-specific guideline using our reference implementation.



Try WSO2 Open Banking

Questions you may have

Addressing strategic and foundational concerns for all banking leaders.

ROI can be measured through increased customer acquisition from new channels, improved customer retention through personalized services, reduced operational costs from automated processes, and new revenue streams from partnerships and data-driven insights.

For first-movers, we consult directly with your bank to understand the specific needs of your market and recommend the global open banking standard that best aligns with your strategic goals.

Open banking is built on robust security protocols. As a result of implementing the rigorous security standards required for this new ecosystem, including financial-grade API (FAPI), strong customer authentication (SCA), and a transparent consent management system, a bank's overall security posture often improves.

This strategy transforms the competitive landscape from a zero-sum game into a collaborative ecosystem. By exposing your data via standardized APIs (with customer consent), you enable partnerships with fintechs to innovate faster and offer new services, while retaining customer trust and brand identity. This leads to a win-win scenario where you co-create value through a shared ecosystem.

Not necessarily. Our solutions and expertise streamlines this process, ensuring secure and efficient exposure of necessary APIs without extensive disruption to your existing infrastructure.

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.

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Take the next step

Unlock the full potential of open banking, talk to our experts.

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