Leverage US Open Banking Growth Opportunities
Go beyond US open banking compliance to deliver innovative services that grow your business. The Curity Identity Server offers capabilities that enable innovation while also aligning to the CFPB Dodd-Frank section 1033 rule. It supports data sharing consent, financial-grade API security, and more.
Strengthen API Access Security
Dodd-Frank section 1033 prohibits the risky practice of screen scraping for third-party data sharing. Customer data should be accessed and shared via APIs instead. The Curity Identity Server features financial-grade API security and is based on industry API security standards like OAuth and OpenID Connect.
Collect Customer Consent
Section 1033 mandates that customers must be able to approve and revoke consent for data sharing and also control what data is shared. Providing customers with this fine-grained control requires a simple-to-use customer interface with sophisticated capabilities. The Curity Identity Server supports consentors - mechanisms that dynamically collect user consent and provide digitally verifiable proof of consent.
Scale to Handle High Traffic
Supporting unlimited data access requests per customer while adhering to strict uptime and response time criteria is also part of Dodd-Frank section 1033. The Curity Identity Server is scalable to accommodate high traffic volumes. It also helps support open banking’s growing number of API connections.
Integrate with Legacy Systems
Digital financial services organizations often have complex infrastructures that include proprietary technologies and older systems. The Curity Identity Server integrates well with legacy solutions and can be easily deployed in existing environments. Extensible SDKs along with low- and no-code tools save developers time and resources. Plus, the Curity Identity Server is flexible enough to adapt to future requirements as open banking continues to evolve.
Comply with US Open Banking Rules
Customer Consent Collection
Multi-factor Authentication
Fine-grained Data Access Control
Financial-grade API Security
We Understand Open Banking
At Curity, we have been helping financial organizations comply with worldwide open banking regulations for years. From PSD2 in the EU to Open Banking in Brazil and the UK, and many others, we closely follow the developments of constantly evolving open finance regulations to ensure our customers can maintain compliance across all the regions in which they do business. We also adhere to more than 40 relevant industry standards, including OpenID Foundation security profile certifications like Financial-grade API (FAPI) and FAPI Client-initiated Backchannel Authentication (CIBA).
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