IBM launches Open Banking Platform

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IBM launches Open Banking Platform, a software suite designed to enable fast creation of next-generation apps, low-risk innovation and regulatory compliance

  • IBM is an American multinational information technology company headquarter in New York, with operations in over 170 countries
  • The platform developed Banking Industry Architecture Network (BIAN), Information Framework (IFW)  open baking guidelines
  • The platform uses IBM API Connect and Watson technologies built on Kubernetes
  • The Platform acts as a microservices layer on top of existing environment to enable easy, plug-and-play integration
  • IBM Open Banking Platform allows to participate fully in the API economy
  • Customers can choose APIs to add capabilities such as financial risk assessment, payments, artificial intelligence (AI) and blockchain