WSO2 Open Banking combines the technical capabilities of WSO2 API Manager, WSO2 Identity Server, WSO2 Stream Processor and WSO2 Enterprise Integrator with PSD2-specific feature customizations to quickly satisfy open banking requirements It provides;
API Managment
Support for Open Banking UK, Berlin Group, and STET API specifications
API Management Security with OAuth 2.0 and Mutual SSL
API Publishing and Governance
API Throttling and Rate Limiting
API Monitoring and Monetization
Strong Customer Authentication (SCA)
Multi-Factor Authentication e.g., SMS OTP, Email OTP, and Biometric
Support for OIDC - Dynamic Linking and Hybrid Flow
Adaptive Authentication
Consent Management
Capabilities to Store , Validate and Revoke
Consent management compliant with Open Banking UK, Berlin Group and STET API specifications
Integration
Integration points to core banking systems
Support for multiple protocol ((REST, SOAP, and WebSocket) and message formats (JSON and XML)
Third Party Provider Onboarding
Automatic TPP onboarding
Workflow-based TPP onboarding
Compliance with General Data Protection Regulation (GDPR)
Enhancements to consent management, user profile management, forget me, and cooking handling features