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 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 – 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.