The Role of BIAN in Open Banking and Composable Banking Sneha Vukkadapu2024-02-19T12:17:58+05:30Interoperability in banking and finance is multifaceted, uptight, and fraught with many menaces, risky projects, and prominent vendors. One such solution is Open banking. Open banking is a mode where banks provide a set of consistent and standardized interfaces to permit service providers and third parties into their banking [...] FacebookTwitterLinkedInEmail February 5, 2024 Read more...
From Core to Coreless: A Paradigm Shift in Banking Vishnu Vardhan Vankayala2023-08-29T17:07:23+05:30In the ever-evolving world of banking technology, the traditional core banking systems have long been the backbone of financial institutions. However, the limitations and challenges associated with these systems have paved the way for a paradigm shift towards coreless banking. Let us delve into the concept of coreless banking [...] FacebookTwitterLinkedInEmail August 28, 2023 Read more...
5 Untapped Potential Areas of Open Banking Vishnu Vardhan Vankayala2023-04-17T18:15:31+05:30Once upon a time, in a world of traditional banking, a young entrepreneur named Richa had an innovative idea for a new financial service offering. However, she realized that her idea was only possible if she could access financial data from various banks in real time. Frustrated by the [...] FacebookTwitterLinkedInEmail April 17, 2023 Read more...
The importance of API Testing in Open Banking Ramji Suman Rentapalli2024-02-01T18:34:48+05:30 UK’s Competition and Markets Authority (CMA), after a market study, stated that the nine biggest banks (CMA9) allow authorized startups and third-party providers (TPPs) access to their data. The Open Banking Implementation Entity (OBIE) was created to help with this. OBIE’s mission is to collaborate with the UK’s top banks [...] FacebookTwitterLinkedInEmail October 21, 2021 Read more...