By leveraging Sensedia's FDX support and how it relates to the CFPB data protection law, institutions can seamlessly align with industry governance, regulatory, and compliance requirements, and enterprise data management standards.
Using Sensedia's Open Banking 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's API platform offers ready-to-use features such as security, traffic management, cache, and out-of-the-box connectors to mainstream databases and other services that help you and your partners achieve results in a shorter time-to-market.
We partner with you in API design and implementation, getting regulatory and security certifications, and doing sandbox testing. This helps make sure you smoothly go through all the steps of Open Banking with no unexpected issues
We handle the task of collecting customer data from different institutions, enabling you to focus on innovating your business through new payment systems and embedded payment solutions.
Access detailed API and user consent information through interactive dashboards, manage certificates and scheduled maintenance, and simplify partner onboarding and business integration.
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. The CFPB, launched on October 19, 2023, is targeting the implementation of fair, transparent, and competitive practices for financial services consumers. Despite the lack of a singular standard, API implementations must be built with security, scalability, and interoperability in mind to facilitate secure data exchanges and compliance requirements.
Leveraging Sensedia's technical expertise and a mature Open Banking platform, you can seamlessly enter the Open ecosystem and explore new business opportunities.
Find the answers to the most common questions about our Open Banking platform.