Open Banking standards will revolutionise the banking industry and financial services. Banks will expose their information resources simply for innovative use by FinTech developers, whilst expanding services and new customer experiences.
Combining modern and competitive digital experiences with greater customer control and visibility across all banking data gives open banking the potential to globally transform the entire banking experience.
Equally, open banking provides opportunities for the development of new business and revenue streams through the convergence of technology and financial services.
Our team authored the All of Government (AoG) Guidelines for New Zealand with the Department of Internal Affairs and was heavily involved in the definition of the Payments New Zealand API Centre Standards.
We are uniquely placed to share our knowledge and experience, having led standards-based implementations across the NZ banking industry. This includes developing API-based information sharing channels for Government and non-Government organisations and partners.
Our knowledge and experience boosts your API journey, ensuring it's on a successful track, based on firm foundations and industry best practice.
Open Banking is heavily standardised to ensure a secure and trusted framework for accelerating sustainable, but protected, customer-centric banking innovation.
At the core of protective measures is robust identity and access control. Open banking requires high levels of privacy protection, consent and strong information security to ensure customers have peace of mind that they have full control of their own data and data sharing.
Our consultants help you find the balance between your customer's right to privacy, optimal user experience, and industry security best practice, such as the OpenID Financial Grade API Standards.
Our sandbox is a cloud-based platform for quickly and easily offering sample APIs for development and testing by third parties.
A software-as-a-service implementation of a model API Provider, as defined by the Payments NZ API Centre Standards. It is designed for the NZ payments ecosystem, offers branded API-based payment enabled bank accounts, and complies with the Payments NZ API Centre Standards.
Our sandbox allows testing the full suite of API standards for New Zealand and underpins the Payments NZ API Centre sandbox.
Access to real-time customer financial data is transformational, as customers become attuned to a single, comprehensive view of their financial state, with independent control, and competitive choice. Banks are becoming the first to expose data, insights and services, situating themselves at the centre of an ecosystem where third-party developers cooperate to deliver new, compelling digital experiences.
Third party developers can securely 'plug' into the bank's data and services via open APIs (application programming interfaces). Adopting open API standards gives banks and third-party developers a competitive advantage enabling creation of innovative digital experiences and leveraging the data and insights banks hold, whilst reducing their administrative burden.
Businesses face increasing competition from a range of companies, such as FinTechs, whose innovation challenges the established state. In response, organisations are establishing initiatives to become digitally responsive in how they function and engage with their customers.
Successfully navigating a landscape where business process and technology converge requires a responsive organisation which has a clearly defined strategy and an enterprise architecture to support that strategy - from the operating model to the organisational culture, to the structure and design of its IT systems. Our team, experience and toolsets can swiftly help turn your strategy into reality.
Open Banking is here and it’s a game changer for New Zealand’s financial sector – giving customers control over their banking data and how it is used.
The Middleware Group's product company; Glueware is leading the charge towards a transparent financial sector, helping banks comply, compete and innovate in a new Open Banking world.
Glueware’s Open Banking Accelerator can help your business gain a head-start complying with the PNZ API Centre Standards and reduce the time-to-market with innovative Open Banking products and services.