Open Platform Banking | API Banking Platform

Business models for compliance, data standards, ecosystem, and monetization

Global economies are embracing open banking, either through regulations or as innovation programs. The new ecosystem emerging in banking includes players such as fintech, regulators, standards bodies, and other financial institutions. It is imperative for banks to embrace organizational strategies and drive value from this change. Wipro’s Open Banking API platform brings a comprehensive set of offerings across regulatory compliance, data standards, governance, open ecosystems, and co-innovation to enable a seamless transformation journey for banks and financial institutions. Through a combination of services, platform & accelerators and the fintech ecosystem, we enable ready-to-use capabilities across the value chain to help banks comply faster and create new revenue streams within the open banking ecosystem. The set of offerings are focused on in-house modernization, partner collaboration and ecosystem monetization.

What We Think

Banking

Brochure: Wipro's Open Banking API Platform

Next generation of banking, through API marketplace

Analyst Speak

Banking

Wipro positioned as a Leader in Open Banking IT Services PEAK Matrix ® Assessment 2020

This report analyzes the changing dynamics of the open banking IT services landscape, focuses on 24 service providers and accesses their capability across key dimensions.

Our Success Stories

Banking

A CMA9 bank achieves Open Banking Compliance within stipulated timelines

A CMA9 bank achieved compliance to Open Banking/ PSD2 (Payments Services Directive 2) delivered on an outcome-based model, i.e. compliance was ensured at a 100% fee at risk

Banking

Global bank achieves compliance to multiple European open banking standards

A multinational investment bank achieved compliance to UK’s Open Banking Standard, Germany’s Berlin Group Standard, and France’s STET to address the bank’s global operations. All three standards required the bank to comply within their stipulated PSD2 timelines.

Banking

A leading North American bank modernizes its auto financing business

The auto finance industry in North America has many touchpoints- dealers, refinancers, banks etc. The client wanted to provide a one-stop shop for customers, to simplify the user journey for their auto financing customers and prospects.

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Open Banking API Platform

What We Think

Brochure: Wipro's Open Banking API Platform

Analyst Speak

Wipro positioned as a Leader in Open Banking IT Services PEAK Matrix ® Assessment 2020

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Our Success Stories

A CMA9 bank achieves Open Banking Compliance within stipulated timelines

Form Title

Global bank achieves compliance to multiple European open banking standards

Form Title

A leading North American bank modernizes its auto financing business

Form Title

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