Program Overview
This program provides a foundational understanding of API banking and open banking ecosystems, designed to equip participants with the knowledge to navigate the evolving financial landscape. The course covers the basics of APIs in financial services, their functional applications in real-time payments and integrations, and their impact on customer experience and compliance with regulatory frameworks. Through real-world examples, interactive exercises, and problem-solving discussions, participants gain actionable insights to address challenges in API adoption and capitalize on open banking opportunities.
Features
- Understand the fundamentals of API banking and open banking ecosystems.
- Identify the applications of APIs in real-time payments and integrations.
- Analyze the role of APIs in enhancing customer experience and meeting regulatory standards.
- Apply practical strategies to address challenges in API implementation.
Target audiences
- Fintech Analysts
- API Product Managers
- Digital Banking Professionals
- IT & Systems Integration Professionals
- Compliance & Risk Analysts in Open Banking
Curriculum
- 5 Sections
- 20 Lessons
- 1 Day
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- Introduction to API Banking and Open Banking Ecosystems3
- Functional Applications of APIs in Financial Services5
- 2.1APIs and their role in enabling real-time payments and system integrations.
- 2.2Use cases in banking operations: Account aggregation, payment gateways, and credit risk assessments.
- 2.3API monetization strategies: Revenue models and opportunities for financial institutions.
- 2.4Common challenges: Security, scalability, and third-party integration complexities.
- 2.5Interactive Exercise: Map out an API-driven solution for real-time payment processing or customer onboarding.
- Enhancing Customer Experience Through APIs5
- 3.1Transforming the customer journey with APIs: Case studies from leading banks and fintechs.
- 3.2Leveraging data for personalized financial products and services.
- 3.3Challenges in meeting customer expectations: Latency, uptime, and service reliability.
- 3.4Competitive advantages of adopting open banking principles.
- 3.5Case Studies: Financial institutions implementing API and open banking ecosystems successfully.
- Regulatory and Compliance Aspects of Open Banking5
- 4.1Regulatory frameworks driving open banking: PSD2, GDPR, and global equivalents.
- 4.2API standardization for compliance: Key practices and requirements.
- 4.3Data privacy and consent management in open banking environments.
- 4.4Cybersecurity measures to mitigate risks.
- 4.5Interactive Simulation: Evaluate a mock scenario of API implementation while addressing regulatory and compliance challenges.
- Wrap-Up Discussion2
Instructor
