Open banking is revolutionizing the way customers access financial
services. At its core, open banking is the ability to share customers'
financial information through open application programming interfaces
(APIs), enabling fintech service providers to build and offer innovative
services.
The use of publicly available APIs, however, means a broader threat
surface that needs to be protected against abuse and malice. To ensure
customer loyalty and safeguard their brand, banks and fintech
institutions must deliver digital banking solutions that provide a
secure experience for today’s tech-savvy consumers.