Amplify Open Banking
Amplify Open Banking gives you the tools to accelerate your open banking strategy and rise to the evolving challenges of regulatory compliance, consumer trust, and operational efficiency.
Deliver innovative services to an expanded consumer base faster
Simplify compliance and integration
- Comply with regulations including the CFPB Dodd-Frank Act Section 1033
- Go from insecure screen scraping to secure, API-based data access
- Manage and secure customer data access with granular consents
- Establish comprehensive legal reporting around open banking
Build consumer trust and loyalty
- Improve customer satisfaction with a seamless online experience
- Gain customer trust with reliable and secure data management
- Expand consumer access to personalized, innovative services
Achieve time to revenue and ROI faster
- Leverage APIs prebuilt to open banking standards
- Minimize overhead associated with compliance and integration
- Integrate new digital services without disrupting operations
- Create new revenue streams through API monetization
Deliver an intuitive developer experience
- Speed business process deployment with low-code/no-code capabilities
- Package and group APIs for instant discovery with a built-in API marketplace
- Present APIs as products that developers can easily subscribe to
- Gain the autonomy of a truly federated API management platform
Bringing the future of open banking and finance together
Amplify Open Banking combines an intuitive developer experience with regulatory compliance and secure data management.
Comply with the CFPB Dodd-Frank Act Section 1033
Enforcement of new regulations granting U.S. consumers the right to access and share their financial data kicks in by the end of 2024. Amplify Open Banking and Finance helps you comply by eliminating screen scraping and strengthening consumer consent.
Built on the powerful, federated Amplify API Management Platform
Reduce open banking API complexity and grow API adoption by fintechs and other partners with Amplify, Axway's federated API management platform that's open, secure, and revolutionary.
Federated platform
Publish, validate, and govern APIs across multiple clouds, on-premises data centers, and vendors
Everywhere, anywhere security
Enforce security policies at the gateway and easily find and secure unmanaged APIs
Business focus
Concentrate more on getting APIs adopted by marketing and monetizing them
Enterprise Marketplace. A difference-maker for Amplify Open Banking.
Part of Amplify Open Banking, Amplify Enterprise Marketplace gives you a central point for productizing your open banking APIs and curating them so they're easier to find, adopt, and track.
Maximize API value
Align your API products to specific banking and financial business initiatives to gauge their value
Productize and monetize your APIs
Create subscription plans to monetize your API products into potential new revenue streams
Ensure API security
Discover unmanaged APIs and automate identification of non-compliant services
Think ahead, intelligently
Use key insights to make better decisions about your open banking API investments
Amplify Integration. Connect your open banking processes without coding.
Amplify Integration is a flexible, scalable solution that lets you leverage your existing IT infrastructure to connect applications, data, systems, events, and APIs without coding.
Connect as needed
Simplify integrations and connections to apps and systems with your choice of deployment
Empower nontechnical users
Enable business users to design, test, and deploy business processes with no coding experience
Integrate more productively
Do more with prebuilt connectors, graphical UI, and design tools in one centralized platform
Automate recurring tasks
Eliminate manual tasks like application handling and data typing and enabling self-service
How does Amplify Open Banking work?
How does Amplify Open Banking help streamline regulatory compliance?
Amplify Open Banking provides prebuilt APIs that comply with key regulations such as the CFPB Dodd-Frank Act Section 1033. The platform eliminates insecure data practices like screen scraping and enhances consumer consent management. This simplifies legal reporting, ensuring that financial institutions can meet evolving regulatory requirements while maintaining security.
What are the key benefits of using APIs for open banking integration?
Using APIs for open banking integration offers several advantages, including secure data access, reduced operational disruption, and faster time to revenue. With Amplify Open Banking, financial institutions can easily manage customer data, integrate new digital services, and build secure collaborations with fintech partners, allowing them to expand their services and boost customer satisfaction.
How does Amplify Enterprise Marketplace support API monetization in the open banking ecosystem?
Axway Amplify Enterprise Marketplace is designed to help financial institutions productize and monetize their open banking APIs. The platform allows you to create subscription plans, curate APIs for easier discovery, and track their adoption. This opens up new revenue streams and makes APIs accessible to fintechs and developers, driving higher API utilization.
What role does the Amplify Platform play in securing open banking APIs?
Amplify API Management Platform enforces strict security policies at the gateway level, helping financial institutions secure both managed and unmanaged APIs. With capabilities like real-time monitoring, consent management, and automated compliance checks, the platform ensures that APIs are always protected from vulnerabilities and unauthorized access, fostering customer trust.
How can Axway Amplify improve the developer experience in open banking?
Axway Amplify enhances the developer experience by offering low-code/no-code capabilities and a federated API management platform. Developers can easily package APIs, subscribe to them, and deploy them in a fast and intuitive manner. With a built-in API marketplace, developers gain autonomy and speed in creating innovative services that drive business growth.