Open Banking
Open Banking presents the next major evolution associated with banking and financial services driven by the technology advancements in mobile, internet and financial technology domains leading to a whole new way in which financial data, account information etc. can be handled and utilized for smarter ways towards making payments. Based on the latest financial services standards, Open Banking enables the consumers’ banking and financial account details be access by third part financial services providers utilizing the APIs defines for these purposes.
NewNet’s experience with Financial Services & Payment Technology standards and protocols enables our systems and solutions to offer the full range of capabilities required for supporting Open Banking payments based on ISO 20022 standards for account information services and payment initiation services for the broad spectrum of services providers. Smart and fast integration with rapid API implementation is critical for vital success in this space and NewNet solutions offers just that with capability to offer the solution with suitable adaptation to the respective localization that the regulators in the respective countries would mandate.
Open Banking Payments
Virtualized Secure Cloud Payment Routing & Transport Solution
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