Open banking is the practice of sharing financial data through APIs and it is now a legal requirement in both the U.S. and EU. The CFPB‘s Section 1033 rule and Europe’s PSD3 directive with compliance deadline of late 2027, mean banks can no longer treat API governance as optional.
This ebook explains what open banking is, why banks must act now, and how to build APIs that satisfy regulators and fintech partners. You will learn how to adopt an API-first framework, govern APIs at scale, and use the SmartBear Swagger products: Swagger Studio, Swagger Portal, Swagger Contract Testing, and Swagger Functional Testing, across the full API lifecycle.
The guide also covers how to move from traditional screen scraping methods to secure, standards-based connectivity, and how to turn compliance into a revenue opportunity.
Download the ebook to build your open banking API strategy.