Accelerate Open Banking Service Delivery

Automating Authorization, Consent and API Security

Open Banking promises to revolutionize the experience of banking as we know it. By enabling a vast array of new financial services, Open Banking presents customers with even more avenues to support their financial wellness. It also offers new business and service innovation opportunities for banks and Fitch companies alike.

But the sharing of data between financial institutions and Fitch companies required in an Open Banking world introduces cyber threat and privacy concerns, as well as compliance requirements. To fully realize the capabilities of Open Banking in a way that earns the trust of customers and partners, companies must ensure the utmost security of customer data as it flows between users, applications, and services – all the way down to the complex array of distributed APIs that are the underpinnings of all modern financial transactions.

Addressing these concerns with Cloud entity’s authorization governance automation solutions not only mitigate cyber-attack and data privacy risks, but also accelerates digital business by modernizing legacy apps and increasing developer velocity for service enhancement and time to market.

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