Open banking is a financial services model that allows third-party developers to access financial data in traditional banking systems through application programming interfaces (APIs). This model completely changes the way financial data is shared and accessed. presents significant commercial opportunities but also creates some challenges.
Developers creating innovative applications on top of existing financial infrastructures face various risks, including security vulnerabilities, performance issues, and system complexity. Protecting the bank and maintaining the integrity of its systems is crucial. Full-spectrum visibility is essential to managing these risks and ensuring the successful delivery of the innovations that open banking promises. This is where security and observability solutions become invaluable.
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