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. It comes with a legal requirement to protect customer data privacy and show evidence of customer consent.Read Whitepaper
Global regulatory initiatives such as the second EU Payment Services Directive (PSD2) 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).
Using the Curity Identity Server and features such as JWT assertion grant type and asymmetrically signed JWTs and mutual TLS for client authentication has helped Volvofinans Bank deliver banking-grade security.