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CIO/CTO Checklist OPEN BANKING STANDARDS AND IMPACT ON API DEVELOPMENT

CIO/CTO Checklist OPEN BANKING STANDARDS AND IMPACT ON API DEVELOPMENT

CIO/CTO Checklist OPEN BANKING STANDARDS AND IMPACT ON API DEVELOPMENT

Aite Novarica
Pages 3 Pages

The August 2022 Aite-Novarica report CIO/CTO Checklist: Open Banking Standards and Impact on API Development by Mitch Wein provides a framework for technology leaders to design APIs that meet open banking regulations and business goals. It covers identifying relevant regulations, establishing architectural patterns, investing in tools and organizational readiness, and integrating consent management. The checklist emphasizes aligning API solutions with security best practices, measuring business effectiveness and technical reliability, and adopting modern design approaches to ensure compliance, enhance interoperability, and support innovation in financial services.

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