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
Open forum: Discuss organization’s current API banking challenges.
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