Open banking is revolutionizing the way in which customers access financial services and bank. At its core, open banking is the ability to share customers' financial information through open 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.