Case Study
Using data to bring the Italian underserved into the formal economy
Experian, a renowned credit reporting company, together with the Italian microfinance NGOs Microfinanza e Sviluppo Onlus and Microlab, launched an initiative to promote the financial inclusion of vulnerable groups in Italy.
The partners chose TESOBE to deliver a Minimum Viable Product (MVP) of a Personal Finance Management app to help the underbanked access financial services.
Report
Blockchain in Finance 2022: Gauging Blockchain Readiness in Financial Services
An increasing number of institutions are acknowledging the benefits of blockchain technology, but there are still significant barriers for the financial services sector.
Blockchain in Finance 2022 shares how traditional institutions are prioritising blockhain initiatives, what challenges they face, and what opportunities exist.
Case Study
Spurring FinTech innovation in East Africa using the Open Bank Project Sandbox
The greatest barrier for local FinTech innovators is often the lack of tech infrastructure and unclear regulatory guidance. Recognising the need for an environment where startups can test and refine their applications, NMB chose the Open Bank Project to launch the first Fintech sandbox in Tanzania.
Press Release
TESOBE Forms Alliance with State Bank & Tech Innovators to Facilitate Bitcoin Adoption in El Salvador
A new alliance between Banco Hipotecario, TESOBE – the company behind the Open Bank Project – API3, Qredo, and Sovryn will bring the next generation of Blockchain-enabled Open Banking solutions to drive financial inclusion in El Salvador.
Case Study
Building a digital accelerator for financial institutions in emerging markets
Tier I banks are best poised to reap the benefits of Open Banking, but such opportunities are not equally accessible to Tier II & III banks. Learn how IFC, the global development company, gave Tier II banks the tools to embrace digital transformation and generate their own API roadmaps and strategies.
Case Study
FINCA Bank Georgia delivers compliant API Platform using Open Bank Project
At the end of 2020, the National Bank of Georgia published the Georgian Open Banking Standard. Through local partner Sweeft Digital, FINCA Bank Georgia chose Open Bank Project to both comply with the local Open Banking Standard and set the groundwork for sustainable growth beyond compliance. Read the full case study to find out more.
Case Study
Case Study – Mexico’s CNBV future-proofs Open Finance technical & consent guidelines using Open Bank Project
Mexico’s Comisión Nacional Bancaria y de Valores (CNBV) is responsible for ensuring API safety in the new open finance landscape. TESOBE and Open Bank Project were chosen to make sure the new transactional and consent guidelines were clear and secure enough to be adopted across the financial services industry. Read the full case study to find out more.
Press Release
TESOBE/Open Bank Project partners with Sweeft Digital to enable Open Banking compliance in Georgia
With this partnership, Sweeft Digital will be able to deliver an open banking implementation experience comparable to that of European banks such as TESOBE’s clients Societe Generale, HSBC and BNP Paribas, and thereby prepare Georgian markets for impending changes in the market.
Case Study
Case Study – Fintech Galaxy uses Open Bank Project to launch a Pan-Arab hackathon series and power a regional innovation hub
As part of its mission to build the future of financial services across the 22 Arab countries, Fintech Galaxy relied on Open Bank Project technology to power its new open innovation platform: FinX22. Following the success of the virtual hackathon series, FinX22 proved itself to be an effective accelerator with the potential to move rapidly from hackathon venue to regional innovation hub.
Case Study
Case Study Hackathon Fincluye – Driving Innovation In Banking
Hackathons provide an excellent way for banks to experiment in the open and to accelerate their innovation effort. As innovation events, hackathons can uncover changing consumer needs and behaviours as well as providing potential responses to them.
Case Study
Case Study – HSBC addresses current and future banking challenges using Open Bank Project
With the objective of rapid prototyping aligned to business needs, HSBC chose to create a hackathon to test the full delivery of an open banking sandbox at HSBC in Hong Kong. The company selected TESOBE to provide a complete sandbox dataset along with over 200 banking API endpoints, to explore innovative new digital customer solutions for retail banking.
Report
PSD2: Focus on Action
The report focuses on the requirements of the PSD2 RTS, outlines OBP PSD2 Suite (a turn-key solution to solve PSD2 compliance), and provides an insight into making the most of an API investment using the Open Bank Project technology.
Report
Regulating Open Banking
Open Banking is a worldwide movement encouraging financial technology innovation and enhanced transparency of data ownership. According to Gartner, 50% of G20 countries will adopt a form of Open Banking regime in the next year. However, regulating this new reality can be a minefield.
Learn how different regulators are leveraging Open Banking around the world and discover the emerging best practices.
Solution Brief
Open Bank Project collaborates with Red Hat to Deliver Next Generation Open Banking Solutions
Integrated with Red Hat® Fuse, the Open Bank Project gives enterprises access to more than 160 application programming interfaces (APIs) used by a global developer community. Learn more in the partner solution brief below.
Case Study
Case Study – The Citizens Challenge
How Citizens Financial Group Inc leverages Open Bank Project technology & hackathons to drive innovation. During the last weekend of July 2018, over 70 software developers from across the financial services and FinTech ecosystems gathered in Boston, Massachusetts, to compete in the Citizens Bank Hackathon. A total of sixteen teams participated in the competition, harnessing the unlimited potential of digital banking via the Open Bank Project’s sandbox environment with over 160 banking APIs. Check out the highlights from the Citizens Challenge here or download the case study below.
Case Study
Case Study – Improve the Lives of Australians
Fostering ongoing development of the Australian payments system, APC held Australia’s first cross-industry hackathon simultaneously in Melbourne and Sydney. The event was supported by 12 members of the Council: ANZ, Bendigo, Coles, CBA, Cuscal, NAB, eftpos, MasterCard, RBA, Suncorp, Tyro Payments and Westpac. The event was attended by over 150 participants and saw two winning teams grab the 5000 AUD cash prize. Check out the highlights here or download the case study below.
Case Study
Preparing new FinTech players for Open Banking regulation and standards in Saudi Arabia
After the Saudi Central Bank completed the design of the KSA open banking framework in 2022, it called on FinTechs, banks, and open banking consulting firms to test the standards.
Find out how new market entrant Seen Tarbi for Fintech (Xsquare) launched a compliant API sandbox to gain approval from the regulator and establish themselves in the Open Banking ecosystem.
Press Release
TESOBE and Infocorp Partner to Enable LATAM Banks with Open Banking Technology
TESOBE announces a partnership with Infocorp Group, a leading provider of banking technology in Latin America and the Caribbean. The partnership will enable regional banks to create better customer-centric apps and services. Read the full press release for more information.
Press Release
TESOBE and Coinfirm Partner to Bring Digital Asset Intelligence to Financial Institutions
As part of its mission to bridge the gap between traditional finance and Web 3.0, TESOBE announces a partnership with Coinfirm, global leader in blockchain analytics and Anti-Money Laundering (AML). The partnership will enable the traditional financial services sector in tackling crypto money laundering and comply with local AML regulations.
Case Study
Fast-tracking development of blockchain banking applications using Open Bank Project
El Salvador’s adoption of Bitcoin as legal tender creates many opportunities for the unbanked, but introduces a number of operational and regulatory implications.
Learn how Banco Hipotecario de El Salvador – a first-tier national bank with a commercial focus – launched its first bitcoin-focused hackathon to accelerate the development of innovative banking applications.
Report
Regulating Open Banking 2021: Roadmap for Developing Open Banking API Standards
API standardisation has a significant impact on how the market receives an Open Banking regulation. Regulating Open Banking 2021 is written for regulatory bodies who want to ensure interoperability and security in their region’s financial services sector by standardising access to financial data.
Get more information with your copy of the report!
Press Release
TESOBE and G2 Startups partner to boost Open Insurance innovation in Italy
Around the globe, the insurance sector is on the verge of discovering the benefits of opening access to data and fostering innovation. But the lack of standards and business cases hinders widespread adoption. This partnership aims to bring Open Insurance standards to Italy and ultimately revolutionize the insurance sector. Read the full press release to find out more!
Press Release
TESOBE / Open Bank Project and API3 partner to unite Banking and the Blockchain
For the first time ever, open banking data will be available to the Web 3.0 community without any third party intermediaries. By utilizing API3’s oracle middleware, OBP will enable blockchain developers to call over 400 of its banking and management APIs, allowing the entire blockchain ecosystem to create crypto-banking solutions. Read the full press release for more information.
Press Release
TESOBE/Open Bank Project partners with Mirsis to unlock Open Banking opportunities in Turkey
Combining TESOBE’s unique Open Banking infrastructure with Mirsis’ indispensable local expertise, this partnership aims to solve technical and regulatory challenges across the Turkish banking sector.
Case Study
TTK Bank streamlines Berlin Group compliance using Open Bank Project
TTK Bank aimed to speedily implement NextGenPSD2 API standards in line with Berlin Group specifications, in order to drive innovation and engage with the next generation of innovators in Macedonia and beyond. Discover how TTK used Open Bank Project to enable their core with NextGenPSD2 APIs and achieve Berlin Group compliance.
Report
Open Banking & Developer Experience – How to Build and Nurture a Developer Ecosystem
Strong ecosystems will play a decisive role in the future of the financial services industry. To unleash this innovation potential, financial institutions must ensure that they deliver developer-friendly APIs. This publication highlights key drivers behind successful API ecosystems and API products.
Get more details with your copy of the report.
Press Release
TESOBE announces a partnership with Nova to bring agile, original, secure and sustainable open banking solutions to Mexico
Through this partnership, Nova will be able to deliver the latest open-source financial technology to banks in Mexico, who will benefit from TESOBE’s unrivalled experience in designing, engineering and deploying open APIs.
Press Release
Open Bank Project partners with STRINGS to extend its products and services to banks in Malaysia
Within the framework of this partnership, banks in Malaysia will be able to benefit from TESOBE’s unrivaled experience in designing, engineering and deploying open APIs, leveraging banks to deliver Future banking solutions in conjunction with a global community of developers, startups and fintech companies.
Press Release
Open Bank Project powers fintech APIs for 86 400, challenger to the big 4 in Australia
Fully funded and backed by Cuscal, 86 400 – Challenger to the BIG 4 banks in Australia will use Open Bank Project API definitions to standardise and harmonise its API design, enabling access to a global network of over 10,000 fintech developers. Check out the joint press release below for more information.
Report
Understanding APIs in Banking 2017
The past year has seen a growing interest in open APIs in banking, notably triggered by PSD2 in Europe and the Open Banking Standard in the U.K.
With this research survey, and together with the Warwick Business School and Bank Innovation, we aim to better understand how banks worldwide are prioritizing API initiatives and why. We intended for the query to uncover the drivers behind the banking industry’s current API practices and highlight the most important trends. Our key findings are:
- Open Banking is reaching a tipping point
- Cost reduction & customer satisfaction among key drivers of Open Banking
- Corporate culture is still the main challenge facing Open Banking initiatives, but banks are working on It with some success.
- Europe has taken a clear lead in Open Banking
Download the report today to learn more about Open Banking and how other banks are doing.