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.

What's new?

US Consumer Financial Protection Bureau (CFPB) finalized the Open Banking rule under Section 1033 of the Dodd Frank Act

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About FDX >

WSO2 Open Banking offers the following functionalities:

Secured API
invocation

Comprehensive support for Financial-grade API (FAPI) security based on OAuth2, OpenID Connect, and Mutual TLS with certificate validation

Predefined Open API
templates

Supports Open Banking UK, The Berlin Group, Consumer Data Standards Australia, and Financial Data Exchange (FDX) specifications

Enhanced Consumer
Protection

Includes multi-factor authentication, comprehensive user consent management and out-of-band authentication with CIBA

Easily
Pluggable

Easy integration with core banking systems

Third Party Provider
Management

Thorough verification of third-party providers during registration and data access

API analytics and
Reporting

Enables publishing, aggregating, and summarizing API invocation data

Leveraging WSO2 Open Banking Technology to Digitally Transform your Bank

Find out more about WSO2 Open Banking, a platform that helps financial institutions comply with open banking regulations and offer tools for new financial products and services.

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WSO2 Open Banking | Copyright © WSO2 LLC. 2024