Open banking
Backbase
The future of banking is open. Accelerate modernization and explore new revenue streams with API-driven innovation, without disrupting your operations. Deliver differentiated and innovative customer experiences to stay ahead of competition while seamlessly complying with regulations through a single integration.
Ready to become a leader in open banking?
One of the biggest challenges financial institutions face while pursuing open banking is developing new revenue streams in spite of the burden of regulatory compliance. Many initially viewed open banking as a cost burden, but with the right strategy, it can unlock new business models like Banking-as-a-Service (BaaS), premium API offerings, and embedded finance partnerships. To remain competitive, banks must go beyond compliance and develop value-added services that leverage data insights, embedded payments, and personalized financial products.
12.09 mn
active users of open banking in the UK
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73%
YoY increase in open-banking-enabled payments in the UK in 2024
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580 bn
expected open banking API calls globally by 2027
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Unlock open banking’s true potential
Turn compliance into opportunity with seamless, end-to-end open banking solutions. Effortlessly integrate with fintechs and third-party providers (TPPs) using industry-standard APIs for AIS, PIS, and beyond.
Unlock new revenue streams
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Go beyond compliance and monetize open banking. Offer premium APIs and provide streamlined digital payment solutions to both consumers and businesses.
Expand your fintech ecosystem with cutting-edge technology
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Leverage our industry-standard APIs and fintech integrations to effortlessly connect third-party providers and partners.
Stay ahead of regulatory changes
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Stay compliant with evolving regulations such as PSD2, PSD3, and Open Banking UK while minimizing operational complexity.
Unlock more opportunities with open banking today
Monetize premium APIs and enable embedded finance while delivering a frictionless customer experience. Effortlessly integrate with fintechs and third-party providers using industry-standard APIs for AIS, PIS, and beyond.
Give your customers full control
Our solution enables your customers to grant, review, and revoke access to their data at any time, ensuring a secure and user-friendly experience. Your bank’s customers will retain full control of their financial data through frictionless and transparent consent management.
Make the most of open banking in no time
Fully integrated into the Engagement Banking Platform, our solution gives you the flexibility to connect to more third-party providers while ensuring fully-managed compliance
Enable better financial wellness and decision-making
Give your customer their most up-to-date financial information, enabling better decision making. Through secure APIs, you can effortlessly aggregate account data, execute transactions, and deliver timely insights without lag.
Maximize the power of the Backbase banking platform with seamless, out-of-the-box integrations to leading fintechs
Customizable and pre-integrated with Salt Edge
Our pre-integration with Salt Edge breaks down traditional silos, allowing you to innovate faster, comply effortlessly with open banking regulations, and deliver truly connected, intelligent, and engaging digital banking experiences.
Implemented through Backbase IPaaS
Meet the only fully managed IPaaS designed specifically for banking.
Our Integration Platform as a Service brings together a comprehensive suite of tools for integration, APIs, and automation so you can simplify banking processes and accelerate IT project delivery. Leverage out-of-the-box connectors to leading core banking systems, payment systems, fintechs, CRMs, and more. Develop high-quality, secure APIs faster than ever with a user-friendly platform any developer can use.
Ready to transform your open banking strategy?
Backbase
As open banking evolves into open finance, Backbase’s platform is designed to scale alongside your business. Whether you’re looking to comply with regulatory mandates, build a thriving API ecosystem, or drive digital-first banking, we provide the tools and expertise to make it happen.
Backbase