New report release: Q3 2022 Open Banking/Open Finance Architecture & Tooling
3 min read
At Platformable, we have just released our Q3 2022 Open Banking/Open Finance Architecture Trends Report.
Our September report includes data on the number of banking platforms using OpenAPI Design, updates on the Berlin Group's work on Open Finance Standards and our bank and fintech Developer Experience (DX) ratings. We also cover recent API security incidents and discuss the need for improved authentication protocols. Our profile of Sensedia delves into their support for legacy banks and our APIMetrics profile discusses their recent partnership with Tomato Pay.
Banks
Banks can reassess their use of API standards and developer portal offerings in comparison with their peers. This understanding can strengthen banks' overall API offerings.
Fintech
Fintech can study the profiles included in the report to gauge how their own API offerings compare to those of their competitors. They can also use the report to further their understanding of recent API security incidents.
API tool providers and consultants
API tool providers can track current open banking and open finance trends and stay informed on the latest security breaches, as well as gain a better understanding on how to strengthen their own security protocols.
API architects and developers
API architects and developers can learn about recent API security vulnerabilities, which can lead to them strengthening their own security practices.
Regulators
Regulators can keep up with improvements in the adoption of OpenAPI Specifications and in further work done by the Berlin Group regarding Open Finance Standards. They can then use this knowledge to determine successes and ongoing challenges of frameworks in other jurisdictions.
