Open Banking is a system that allows third-party financial service providers to access consumer banking information through the use of APIs, enabling them to offer tailored financial services.

API Banking facilitates communication between banks and third-party services through APIs, allowing for seamless integration and data sharing, which enables innovative financial products and services.

Open Banking provides several benefits, including enhanced customer control over financial data, increased competition, innovative financial products, improved customer experiences, and more personalized services.

Tietoevry offers fast-to-market, cost-effective API solutions that ensure banks meet national API banking and open finance requirements, maintaining full compliance with PSD2 regulations.

An API marketplace is a platform where banks can provide access to various financial products and services through APIs, allowing customers to explore and utilize a wide range of offerings from one place.

API aggregation involves combining various APIs to provide a unified interface, enhancing connectivity and efficiency. This allows banks and third-party providers to offer comprehensive financial services seamlessly.

Embedded Finance refers to the integration of banking services, such as payments and lending, into non-bank platforms via APIs, allowing for a more seamless customer experience within various applications and services.

Banking as a Service (BaaS) allows non-bank entities to leverage existing banking infrastructures, such as core systems and payment processing, via APIs without needing to build their own banking systems, enabling rapid deployment of financial products.

Open Banking enhances customer experience by allowing personalized financial services, easy access to multiple financial products, and improved transparency and control over personal financial data.

Tietoevry provides state-of-the-art API banking solutions with market-leading expertise, enabling banks to manage APIs effectively, ensure regulatory compliance, create new revenue streams, and stay ahead of the competition.