Easily embed new financial products to boost your business
Unlock the full potential of Open and Embedded Finance to enhance customer experiences, drive revenue growth, and expedite time-to-market for new products and business models.
Simplify and accelerate your FDX journey
By leveraging Sensedia’s out-of-the box FDX support capabilities, institutions can realize tangible time-to-market results that align with industry-driven GRC (Governance, Regulatory and Compliance) requirements, and support enterprise data management standards.
We are experts in Open and Embedded Finance ecosystems
Using Sensedia's Open Finance Platform, our customers can accelerate Banking as a Service (BaaS), Embedded Finance, and Open Banking strategies that are developed and supported via a true Open standards compliant platform.
Sensedia is a one-stop shop for Open Banking solutions
API patterns and documentation provide partners and API consumers fast and reliable information to create new products and revenue streams. Sensedia’s API platform delivers “out-of-the-box” functionalities like security, traffic management, cache and connectors to Oracle databases and other services to increase your agility and control.
Leading the Way in API Management
We received industry recognition as a Leader in the global report The Forrester Wave™: API Management Solutions, Q3 2022, receiving the highest scores in Product Vision, Planned Enhancements, Supporting Services, and Market Approach.
Simplifying integrations to focus on client innovation
Real-life success stories demonstrating the practical application of our solutions.
Count on the Guidance of our Expert Consultants
We work alongside you in API design and implementation, obtaining regulatory and security certifications, and conducting sandbox testing. This way, we ensure that you successfully complete all stages of Open Banking without any surprises.
Take Payments to the Next Level with QR Code, Pix, FedNow
We handle the complexity of collecting customer data from other institutions, enabling you to concentrate on driving innovation in your company and enabling new payment journeys and business models.
Manage your Open Finance Ecosystem
Gain visibility into detailed information about APIs and consents through interactive dashboards, while also managing certificates and scheduled maintenance.
About FDX
The FDX API is the standard unifying the financial industry, providing individuals and institutions with a safe and reliable method to access their financial information. This financial API enables a more open and interoperable environment for the exchange of data and improvements in digital offerings and experiences.
Begin your Open Banking journey today
Leveraging Sensedia's technical expertise and a mature Open Banking platform, you can seamlessly enter the Open ecosystem and explore new business opportunities.
Discover our entire suite of products
Service Mesh
Achieve agility in developing, operating, and evolving distributed applications.
API Adaptive Governance
Ensure the security and flexibility of your architecture with confidence.
Frequently asked questions
Find the answers to the most common questions about our Open Banking platform.
APIs, or Application Programming Interfaces, are the foundation of open banking, enabling third-party developers to access and utilize the functionalities of banking systems in a secure and controlled manner. APIs serve as the essential "bridges" that facilitate seamless communication and interaction between software systems.
In the United States, there is currently no widely adopted or regulated singular standard. However, various protocols and standards have emerged to address this, including the Financial Data Exchange (FDX) standard. FDX is a unified protocol with the objective of establishing a secure and interoperable standard for sharing consumer financial data.
Despite the lack of a singular standard, it is crucial for API implementations to be built with security, scalability, and interoperability in mind to facilitate secure data exchanges.
Open banking is a system where banks and other financial institutions provide access to their data via application programming interfaces (APIs). This enables third-party developers to build innovative applications and services around financial institutions. Open banking is intended to provide more consumer choices, improve the customer experience, and promote economic efficiency. While open banking is mandated by regulations like PSD2 in Europe, its advancement in the USA is primarily driven by market forces and the competitive landscape between banks and fintech companies.
The potential benefits of open banking include a more competitive market, increased innovation, better financial management tools, and better, more customized products and services for consumers. However, open banking also introduces new risks, particularly concerning data privacy and security. With an increasing number of third parties gaining access to sensitive financial data, the potential for data breaches or misuse of information becomes more pronounced.
Why choose Sensedia?
We have been closely monitoring Open Banking since its inception and actively involved in its evolutionary agenda. Our unrivaled expertise in this market-disrupting initiative enhances the experience of our clients in the financial sector.
