// Solutions //
Axway Open Banking. An API-fueled financial ecosystem for the future.
Open banking is an API-fueled financial ecosystem where banks share financial information in a simple, secure, and transparent way. Open banking APIs put consumers back in control of their financial data. This leads to a better ability to manage money across as many providers as needed.
The tools for Open Banking success
With Axway Open Banking at the center of your strategy, you have the tools and expertise to unleash the full value of your data and unlock all the open banking benefits: brilliant customer experiences, create new business services, and accelerate growth in the emerging world of embedded finance.
Axway open banking enables broad integration across the entire financial ecosystem, ultimately leading to new and innovative banking products which are faster, cheaper, and more adaptable to our rapidly changing world.
- Developer Portal makes your offerings discoverable to the ecosystem
- APIs built to common open banking standards such as Brazil Open Banking and Financial Data Exchange (FDX) are easily discoverable and consumable to accelerate new services
- Identity and consent management keep your customers’ data safe, secure, and protected
- Powered by a robust API management platform lets you govern and control APIs everywhere
// Resources //
Axway Open Banking resources
Consumers are starting to sense an open banking transformation
Axway’s just-released consumer survey reveals an interesting dissonance in attitudes around open banking and financial services. The 2021 survey found 81% of Americans feel their banks offer all the financial services they need in their day-to-day life — and yet, 40% say they use at least one finance or budgeting app other than their bank’s mobile app. These two statistics seem to contradict each other, but in this contradiction lies a coming shift. The financial technology world is clearly tapping into a need and a demand — a demand which is growing fast. Despite a challenging year, global fintech investment reached $44 billion in 2020, up 14% from 2019, and half of that was raised in the U.S.
Open Banking in an age of transformation: State of the Market Report 2020
Now in its sixth year, Open Banking APIs State of the Market Report 2020 investigates how leading banks have matured to a platform approach to extend their reach into new markets. Initially, APIs were a technical consideration. Then they became a regulatory requirement. Now, they are finally being recognized as a business opportunity with the key pieces all falling into place: Open Banking platforms are growing around the world API products are extending the ecosystem Banks are seeing indirect and direct revenue increase due to open banking
Open banking evolution and use cases
This report analyzes post-regulatory global trends in open banking, identifying use cases for commercial and retail clients based on value-added services supported by open banking for treasury management operations, acceleration of prebuilt enterprise resource planning (ERP)connectors, and how open banking can support new models for payments. Key takeaways from the study include an understanding of post-regulatory global trends in open banking, including use cases for commercial and retail clients based on value-added services supported by open banking for treasury management operations, acceleration of prebuilt enterprise resource planning (ERP) connectors, and how open banking can support new models for payments.
Driving value from open banking technology
Discover how open banking technology is helping banks grow their business by downloading this open banking report. Learn about open banking benefits and gain insights from industry experts while reviewing the latest statistics and trends. Take a deep dive into successful fintech use cases in this report while learning from real-life examples. See how the products covered are powered by open banking APIs, while others are anticipated to be powered by open banking in the future.