Open Banking Architecture Pdf
Https Www Paymentsforum Uk Sites Default Files Documents Background 20document 20no 202 20 20the 20open 20banking 20standard 20 20full 20report Pdf
Six Digital Growth Strategies For Banks Mckinsey
Offshore Banking How To Open The Best Account Sovereign Man
Download Executive Checklist Open Banking Whitepaper Binaryondemand
Recommendations For Europe Cesifo
Open Banking Technical Solution Guide Forgerock
Psd2 Secure At The Interface With Tomorrow S Banking
8 simplifying the banking architecture.
Open banking architecture pdf. Customer transaction data data that is presented to customers in their financial statements including underlying transaction history and data that relates to a customer. Data governance and architecture is a tightrope that organisations in the banking sector must navigate to realise the upside of unlocking information silos and to protect themselves from potential threats in an open banking environment. This echoes the design of the web itself and enables far greater scope for innovation. The open banking api should be built as an open federated and networked solution as opposed to a centralisedhub like approach.
What does the future hold. To identify what the key requirements of an open banking platform are and how they can be implemented selecting the right technology is a top priority. Wso2 open banking was built by considering the standards and specifications that different regions and banks have. Transformation through soa service.
Wso2 open banking supports a technology stack that banks need in order to become psd2 compliant and digitally transformed. Open banking readiness approach to help organisations get up and running with open banking and a response to the exploding api economy we have a range of offerings which focus on both business strategy and proposition design through to technology implementation. Implementing a successful open banking architecture is critical for a bank to fully leverage the benefits of open banking. 1 define api reference architecture.
It leverages five key technology areas critical to a banking infrastructureapi management identity and access management integration analytics and business insights and fraud detection bundled together to form a componentized architecture.
