This whitepaper examines the cybersecurity challenges and opportunities created by the rise of open banking in the financial services industry. As organizations adopt DevOps and accelerate digital transformation, banking has rapidly evolved through new business models that encourage greater data sharing and integration with third‑party services. Consumers and businesses now benefit from increased competition and innovation, but this openness also expands the attack surface and introduces new security risks. Traditional financial institutions must protect sensitive data while enabling seamless collaboration and compliance with regulations. The paper emphasizes that strong application security, secure APIs, and security by design practices are essential to maintaining trust, protecting custo

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