Red Hat and Open Bank Project team for nex-gen open banking offering
Red Hat and Tesobe team up for open banking
The Open Bank Project, an open source API solution for banks, has launched a new API offering for banks and financial institutions, developed with Red Hat, an open source tech specialist.
Open Banking leverages an ecosystem of third-party apps and services to enhance and enrich the customer experience and can help satisfy regulation such as the revised EU Payment Services Directive (PSD2).
The Open Bank Project, led by Berlin-based software company Tesobe, aims to address these issues, it says, by providing “a broad catalogue” of pre-packaged APIs and an open API middleware stack designed for banks, as well as access to a global community of fintech developers.
“Using Red Hat Fuse and Red Hat’s rule engines, the Open Bank Project can connect and orchestrate disparate banking systems and deliver interoperability across various sources of bank data,” Tesobe explains.
