Open Banking relies on APIs to enable secure data exchange and transactions between financial institutions and third parties, but this connectivity introduces significant risks. Successful attacks on Open Banking APIs can lead to brand damage, customer loss, fraudulent transactions, and heavy regulatory fines. APIs expose sensitive information and the inner workings of applications, making them prime targets for attackers. Salt Security provides robust API protection to help organizations comply with regulations like PSD2 while safeguarding data, preventing breaches, and mitigating risks in the evolving Open Banking ecosystem.

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