Open banking means financial institutions need to secure the exchange of data and banking applications to third-parties such as fintech vendors and other partners. Curity enables strong, standards-based authorization using OAuth and OpenID Connect, ensuring that every request - human or machine - is verified, consented and compliant with privacy regulations.
Read WhitepaperGlobal regulatory initiatives such as the second EU Payment Services Directive (PSD2), Open Banking Brazil, and CFPB section 1033 of the US Dodd-Frank Act, seek to ensure consumer choice and boost competition across the banking and financial services sector. Securing user access and facilitating the secure exchange of data requires robust authentication methods that comply with the regulation.
Curity provides banking-grade security and authorization you can trust using OAuth and OpenID Connect authentication protocols and robust security features such as OpenID Financial Grade API (FAPI), and Client Initiated Backchannel Authentication (CIBA), Pushed Authorization Requests (PAR).
Curity’s solution supports modern use cases, helping in maintain control and accountability across systems as financial institutions integrate intelligent automation and AI-driven services.
How to Implement Financial-Grade Security