A purpose-built technology platform for global open banking
Open banking has moved from being a regulatory obligation to a driver of competitive advantage. To thrive in this ecosystem, banks need to align their vision, culture, teams, and technologies to be customer-centric. While API management, security, and integration are the heroes of open API implementations, the speed and ease in which they work with a bank’s infrastructure is critical to its success.Read the White Paper
Solution at a Glance
WSO2 Open Banking leverages WSO2 API-first integration products to form a purpose-built solution to satisfy the full technology requirements of global open banking.
API templates that support Open Banking UK, The Berlin Group, and STET API specifications
Built-in API Security including OAuth2 and eIDAS certificate validation
Third Party Provider On-Boarding
Strong Customer Authentication and Consent Management
API analytics & business insights with dashboards and data reporting capabilities
Integration points to core banking systems
General Data Protection Regulation (GDPR) compliant solution
Transaction Risk Analysis and Fraud Detection
The WSO2 Advantage for Open Banking
Reduces Outcome Risk: Built on top of renowned WSO2 products endorsed by global analysts and customers, which reduces outcome risk
WSO2 Open Banking combines the strengths of WSO2 API Manager, Enterprise Integrator, IAM and Streaming Analytics which serve 600 global customers. Analysts like Forrester and Kuppingercole have ranked WSO2 as market leaders.
Adaptable to support regionally diverse open banking visions: Through a commitment to the global open banking movement
Our work with customers in regulated and non-regulated regions supported by our working relationships with regulatory bodies help us understand how to create technology to suit various open banking priorities.