Open banking: financial data, shared with consent

Open banking lets customers share their financial data with trusted providers through secure APIs, with their consent. Regulators in the region have published frameworks that set the rules for how this works.

For banks, the work is mostly integration: well designed APIs, strong consent management, and monitoring that keeps every connection secure and reliable.

For fintechs and their customers, it opens the door to account aggregation, faster lending decisions, and payments initiated directly from a bank account.