Open Bank Project

The Open Bank Project offers an open-source software platform that provides a developer-friendly API designed for banks. This platform allows developers and companies to create innovative applications and services utilizing account holders' transaction data. The technology stack is secure and enterprise-ready, supporting secure Internet protocols like OAuth. By simplifying and standardizing transaction data, the Open Bank Project abstracts the complexities of different banking systems through "connectors" that link the API to various core banking systems. This architecture enables developers to create applications that can be deployed across multiple banks with minimal adjustments. Additionally, the platform includes tools such as a developer portal, a sandbox environment, and a community forum, assisting banks in developing and launching Open Banking APIs while addressing regulatory needs.