Open Banking Development
Open banking lets financial data and payments be securely accessed and initiated — with the customer's consent — through standardized APIs. It opens banking to new experiences, but built on data and money, so it demands security and compliance from the start.
Banking, opened up through APIs
Open banking is the framework — driven by regulation in many markets — that lets financial data and payment capabilities be securely accessed and initiated through standardized APIs, with the customer's explicit consent. Open banking development is building on this: using the APIs to access account data (with consent), initiate payments, aggregate financial information, and create the new financial experiences open banking makes possible. It opens up what was once locked inside banks, enabling fintech and financial innovation built on real banking data and payments.
The capability open banking provides is genuinely powerful. With a customer's consent, an application can securely access their financial data across institutions, aggregate their accounts, initiate payments directly, and build experiences that previously weren't possible because the data and capabilities were locked inside individual banks. This is what underpins much of modern fintech — account aggregation, smarter financial tools, streamlined payments, and more — all enabled by open banking's secure, consent-based access to data and payments that banks once kept closed.
But open banking is built on financial data and money, which means it carries banking's security, compliance, and trust requirements. We build open banking solutions that capture the capability while meeting those requirements — using the APIs to enable real financial experiences, with the security, consent handling, and compliance that working with financial data and payments demands. The aim is open banking development that's both genuinely useful and genuinely sound, because building on financial data and payments means security and compliance aren't optional, they're foundational.
What open banking enables
How we build open banking solutions
Define the experience
We start from the financial experience you want to build, since open banking is the means and the valuable experience is the end.
Build on the APIs
We build on the open banking APIs to access data, initiate payments, or aggregate accounts, as the experience requires.
Handle consent properly
We handle consent properly, since open banking access is consent-based and the customer's control over their financial data is central.
Build security in
We build security in from the start, because open banking works with financial data and money, where security is foundational.
Meet compliance
We meet the compliance working with financial data and payments demands, since in this domain it's a requirement, not an addition.
Powerful capability, on data and money
Open banking matters because it unlocks a genuinely powerful capability that was previously closed off. For a long time, financial data and payment capabilities were locked inside individual banks — inaccessible to other applications, which limited what fintech and financial innovation could do. Open banking, driven by regulation in many markets, changes that: with the customer's consent, financial data and payments can be securely accessed and initiated through standardized APIs. This opens the door to experiences that weren't possible before — aggregating accounts across institutions, smarter financial tools, streamlined direct payments — much of which underpins modern fintech. The capability is real and significant.
But the crucial thing about open banking is what it's built on: financial data and money, with all the security, compliance, and trust requirements that come with them. Accessing someone's financial data and initiating payments is exactly the kind of activity where security can't be an afterthought and compliance isn't optional. The consent that open banking is based on has to be handled properly, because it's the customer's control over their own financial data; the data has to be secured, because it's sensitive financial information; and the whole thing has to be compliant, because it operates in the regulated world of banking. The power of open banking comes with the responsibility of the data and money it works with.
This is why open banking development has to capture the capability while meeting the requirements — and treating those requirements as foundational is the discipline. It's tempting to focus on the exciting experiences open banking enables and treat security and compliance as details, but building on financial data and payments means security and compliance are the foundation, not the finish. A useful open banking experience that mishandles consent, exposes financial data, or isn't compliant is a liability, not an asset. We build open banking solutions that are both genuinely useful and genuinely sound — capturing the powerful capability while building in the security, consent handling, and compliance that working with financial data and money demands from the start.
Capture the capability, build it sound
We build open banking solutions to capture its powerful capability while building them genuinely sound, because open banking works on financial data and money. The capability is real and exciting — accessing data with consent, initiating payments, aggregating accounts, enabling new financial experiences — but it's built on exactly the kind of sensitive data and money where soundness matters most. We focus on the valuable experience while treating security, consent, and compliance as foundational, because in this domain a useful experience that isn't sound is a liability, not an asset.
We handle consent properly, because it's the basis of open banking and the customer's control over their own financial data. Open banking access is consent-based by design, and handling that consent correctly — clearly, securely, with the customer genuinely in control — is central to doing open banking right, not a formality. We build consent handling as a core part of the solution, because respecting the customer's control over their financial data is both a requirement and the foundation of the trust open banking depends on.
And we build security and compliance in from the start, because working with financial data and payments demands it. Security can't be an afterthought when you're accessing sensitive financial information and initiating payments, and compliance isn't optional in the regulated world of banking. We build both into the foundation, the way the highest-stakes financial work requires, so the open banking solution is genuinely sound — capturing the capability open banking unlocks without the risk of mishandling the data and money it's built on.
Frequently Asked Questions
Open banking is the framework — driven by regulation in many markets — that lets financial data and payment capabilities be securely accessed and initiated through standardized APIs, with the customer's explicit consent. It opens up what was once locked inside banks, enabling fintech and financial innovation built on real banking data and payments, like account aggregation, smarter financial tools, and streamlined payments.
With a customer's consent, an application can securely access their financial data across institutions, aggregate their accounts, initiate payments directly, and build experiences that previously weren't possible because the data and capabilities were locked inside individual banks. This underpins much of modern fintech — account aggregation, smarter financial tools, streamlined payments — all enabled by open banking's secure, consent-based access to data and payments.
Because open banking access is consent-based by design — it's the customer's control over their own financial data. An application can access the data and initiate payments only with the customer's explicit consent, so handling that consent properly (clearly, securely, with the customer genuinely in control) is central to doing open banking right. It's both a requirement and the foundation of the trust open banking depends on.
Yes — foundationally. Open banking works with sensitive financial data and money, accessing accounts and initiating payments, so security can't be an afterthought. We build security in from the start, because exposing financial data or mishandling payments is exactly the kind of failure this domain can't tolerate. The power of open banking comes with the responsibility of securing the data and money it works with.
Yes — it operates in the regulated world of banking and is itself driven by regulation in many markets. Working with financial data and payments demands compliance, which isn't optional. We build open banking solutions to meet those compliance requirements as a foundation, because a useful open banking experience that isn't compliant is a liability. Compliance is part of building open banking soundly, not an addition to it.
Financial experiences enabled by secure, consent-based access to data and payments — account aggregation (one view of a customer's finances across institutions), smarter financial tools built on real account data, streamlined direct payments via payment initiation, and more. We start from the financial experience you want to build and use the open banking APIs to enable it, with the security, consent, and compliance the domain requires.
Open banking is a major enabler of modern fintech — much of fintech innovation is built on the secure, consent-based access to financial data and payments that open banking provides. It's the framework that unlocked capabilities fintech builds on. We approach open banking development with fintech's rigor around security and compliance, since it works on financial data and money, building the capability soundly as part of the broader fintech space.
Ready to Get Started with Open Banking Development?
150+ D2C brands scaled. $500 Mn+ in tracked revenue. Since 2004.