BUILD AN OPEN BANKING ENVIRONMENT THAT ADVANCES BUSINESS
Open banking provides a new opportunity for banks to monetize the products, services, and data they already have, as well as gain new customers. In fact, nearly 20% of banks have already invested in open banking-related initiatives and 77% will do so by 2019. Going beyond simply meeting regulations can help your organization surpass your competition and increase returns from your investments. To do this, you need a flexible digital environment that connects third-party applications to your application programming interfaces (APIs) and banking systems of record without compromising the security or operation of your systems. It should:
- Allow authorized third-party applications to securely access data from your banking systems.
- Protect your systems from security threats and excess traffic.
- Track requests, audit use, and charge users and third-parties for use.
- Enable modern development approaches that speed time to market for new products and services and improve developer productivity.
- Monitor infrastructure health and services to identify and remediate issues before they impact users.
- Handle large volumes of expected and unexpected traffic.
Red Hat offers an open platform that includes API management, cloud infrastructure, containers, microservices, automation, and modern development tools to promote ongoing innovation and successful open banking initiatives.
RED HAT’S MODULAR, INTEROPERABLE OPEN BANKING PLATFORM
Using open systems and modern technologies, Red Hat can help you build a flexible, effective, security-focused open banking environment.
Open platforms are essential for creating effective open banking ecosystems. Red Hat’s open source software stack provides key elements—like application services, containers, management, automation, and connectivity—needed for open banking initiatives. Industry-standard interfaces and integration between layers of the stack simplify interoperability between applications, APIs, and systems of record. Without vendor lock-in, you can move applications and services between infrastructures and cloud providers to optimize costs, improve performance, and meet growing demand.