Like online banking today, every financial institution will offer an API tomorrow. According to Gartner, by 2016, 75% of the top 50 global banks will have launched an API platform and 25% will have launched a customer-facing app store. We equip these institutions with the right technology and expertise to embark on the open banking journey!
How? The Open Bank Project API abstracts away the differences in banking systems and provides a uniform technical interface so that software developers can easily build secure services on top of the bank. It is very secure because your customers, the account holders, always log into the bank. Neither the applications nor the API see their username and password. And since it is open source technology, there is no vendor lock-in. You can "fork" our code and use commercial or open source licenses. Your internal teams, ourselves or our partners can extend the Open Bank Project API as you require. It is sustainable technology you can rely on in the future.
With the Open Bank Project you can:
- Offer a wider range of web and mobile apps to your customers
- Reduce integration and maintenance costs for new applications
- Achieve better data control and security for the end-users
- Leverage a growing community of developers and deploy new apps instantly
Some of the apps developed by our community are here.