Open Banking Compliance

OB Compliance – A turn-key Open Banking solution that allows financial institutions to reap the immediate benefits of Open Banking.

Enabling Impactful Collaboration

Grow beyond current business models, scale your open API strategy, and create new opportunities with off the shelf open APIs.

Best in class technology

Strong Customer Authentication

Security is a critical component of Open Banking which requires extensive security measures to be in place. The platform enables SCA in line with the Open Banking standards.

Consent
Management

Provide access to third parties with customer consent. This platform’s consent management modules provides a dashboard that allows customers to grant, manage and revoke consents. Multiple consent types are supported.

Public Facing
Open Banking API

Utilize a range of required Open Banking compliant APIs, which will be delivered to allow users to grant and revoke access to third parties for account information and payment initiation.

Third Party Onboarding

The platform provides a thorough but user-friendly verification process for third-parties onboarding. The dynamic client registration process is also supported through API while the developer portal can be customized as per Bank branding guidelines.

Regulatory Reporting

The platform enables banks to comply with regulatory reporting requirements for Open Banking based on the API invocations. Third-party provider adoption statistics and performance statistics of the Open Banking solution are generated by the platform.

Sandbox

The platform includes a system to store and verify cryptographic key signatures for third parties that would consume the bank’s APIs to request access to customer accounts, relieving the bank of the need to manage the third parties.

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