Ignite Open Banking with Ready-to-Use FDX APIs

Open Finance (often called open banking in the US) is the consumer-permissioned sharing of financial data and services through APIs. In the US market, this movement is anchored by the CFPB's Personal Financial Data Rights rule (Section 1033 of the Dodd-Frank Act) and by industry standards such as FDX (Financial Data Exchange). With the customer's consent, information flows between institutions — enabling more personalized experiences and better offers for consumers, and more competitiveness, innovation, and new business models for participants.

The main use cases involve data sharing for faster credit decisions and onboarding, payment initiation through instant payment rails, consent management, loan application forwarding, and extensions such as Banking as a Service. Sensedia supports institutions across all of these journeys — from regulatory APIs and consent to data-driven digital products.

Open Finance goes beyond compliance: it enables new products, channels, and journeys. Institutions use shared data to offer better-fit credit, instant payments, and differentiated digital experiences — turning a regulatory obligation into a source of revenue and innovation.

Integration is one of the biggest challenges of participating in open finance. Our solution is built on the integration and API Management capabilities of the Sensedia platform, connecting regulatory APIs and consent flows to existing systems — including hybrid and legacy environments. This allows you to participate in the ecosystem without rewriting your core, evolving your architecture at the pace of the business.

Sensedia's Open Finance solution combines API governance, credential and consent management, encryption, and security policies aligned with open finance security standards (OAuth 2.0, FDX guidelines) — with continuous observability to monitor availability and performance, which are critical requirements in a regulated ecosystem. This same security and governance foundation serves large financial institutions running high-volume, high-criticality operations.

Sensedia serves as a trusted advisor to the Central Bank of Brazil and has been involved in open finance since the ecosystem's earliest phases. Among its clients are large banks, fintechs, and credit unions. Internationally, Sensedia is actively engaged in open finance ecosystems in Chile, Colombia, Peru, the United States, and Malaysia, contributing through its solutions and its technical and business expertise. This track record translates into a specialized platform, regulatory expertise, and methods proven in real implementations — from compliance to continuous operation.

To explore the full stories of our customers — with proven results and metrics — visit our customer stories page!

Sensedia's differentiator is an Enterprise Open Finance platform combined with Open Ops, which sustains the operation continuously through monitoring, observability, regulatory management, and certification support. Add to that expertise from legacy integration via API Management, and proven public cases with banks and credit unions.