Identity and Open Banking
Channel: GluuStream
Date: 2021-10-19

Open banking federations enable banks, third parties, and technology providers to securely exchange data about financial transactions and customers. To accomplish this, we need both “tools and rules”.

The tools include software and technical standards. The rules include legal agreements and business processes. What results from a successful open banking federation is called TRUST.

This high-level overview will review the common requirements that enable an open banking ecosystem to achieve high security and operational efficiency and enable trusted participants to transact at scale.

#openbanking #digitalidentity