PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Is Your Financial Services Centric API Portal Compliant and Secure?

By Tim Sloane
October 13, 2021
in Analysts Coverage, Compliance and Regulation, Digital Assets & Crypto
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Is Your Financial Services Centric API Portal Compliant and Secure?

Is Your Financial Services Centric API Portal Compliant and Secure?

A webinar on this very topic conducted with Opus, FISGlobal, MuleSoft and Noname Security will be available on PJ shortly. These mission critical API Management platforms represent new technology that is not yet clearly understood by IT operations. “How to Build a Production Ready Banking API Portal and Avoid EU Mistakes” offers US FIs and Fintechs important lessons derived from the EU’s painful effort to build an alternative financial services marketplace using APIs. At a high level, this article outlines similar findings:

Today, Open Banking presents an abundance of opportunity for smaller, innovative financial companies to establish themselves in the market. With Open Banking apps like Plaid, customers now have faster and streamlined access to their money, insights into their spending habits and more.

Application programming interfaces (APIs), provide the foundation for sharing data. Using APIs allows data to flow smoothly and between services, apps, platforms and financial providers. Meanwhile, APIs collect and aggregate the data that is exchanged and present it to the user in a way that is easy to navigate, giving them full visibility and control over their financial assets.

While the possibilities of Open Banking are limitless, they carry security and compliance risks associated with data sharing. Financial services providers participating in the Open Banking ecosystem are obligated to comply with data protection directives and follow best practices that can help secure customer data. By incorporating the below steps into their Open Banking strategies, fintech companies can provide competitive solutions while ensuring privacy, security and compliance.

The article then provides a look at issues associated with customer privacy and consent, APIs and data privacy laws, and securing API portal interfaces. 

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: APIAPIsCompliance and RegulationOpen BankingSecurity

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    samsung p2p

    Making Zelle Work Better for Users—and Banks

    April 10, 2026
    fraud escalate

    As Fraud Escalates, Taking a Beat Becomes a Critical Defense

    April 9, 2026
    privacy open banking

    As Open Banking Fuels Interconnectivity, Privacy Matters More

    April 8, 2026

    ACH Is Thriving, and Banks Are Struggling to Keep Pace

    April 7, 2026
    stablecoins, Klarna

    How Stablecoins Emerged as a Key Element of Cross-Border Payments

    April 6, 2026
    Cross-Border Payments

    How the U.S. Built Its Faster Payments Ecosystem

    April 3, 2026
    Young Latin woman applying powder on her face for beauty blog. Smiling woman sitting at table in cosy room holding powder box and brush looking at phone camera recording video. Make up and cosmetics blogging concept

    TikTok Aspires to Fintech Status with Payments, Credit Bids in Brazil

    April 2, 2026
    small business credit card

    What Banks Get Wrong About Small Business Credit Cards

    April 1, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result