API-Enabled Digital Ecosystems Are the Future
Regulatory standards such as PSD2 and Open Banking mandate security for banks. This includes consented access to banks’ data and payment services. And APIs serve as the delivery method.
Banks across the globe embrace open banking. So, it is not surprising to see it expand into other services of the financial industry as well. Similar initiatives to improve digital collaboration have actually become widespread across industries.
This is known as “Open X”.
Use Open Banking As the Foundation For Open X
From an Open X perspective, an ecosystem strategy is essential. It provides the means for large-scale exchange of data with any partner that is expected to add value.
Download this eBook as we explore:
- Open X and APIs.
- A closer look at PSD2 and Open Banking.
- Security considerations.
- The role of API management.
Ready to build the foundation for your digital ecosystem? Get the eBook today >>