The rise of open banking
summary
Claim: banks become platforms by exposing standard APIs so third parties can build services faster and cheaper. The Open Bank Project provides a Scala/JVM stack, OAuth server, MongoDB/Postgres support and a dual-licensed AGPL/commercial model, installs behind bank firewalls, and includes a test suite so the same JSON contracts run across banks. Hackathons produce apps (Kinder Bank, Money Journey, Singing Bank) and pilots connect to core banking vendors and banks in Nigeria, showing the approach is implementable now as a bank-as-platform.
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chapters (7)
- 0:00The Open Bank Project
- 2:21Banking as a Platform
- 4:50The Need for APIs
- 7:00Regulation and Implementation
- 9:09Open Banking App Examples
- 12:14Partnerships and Architecture
- 13:54Technical Details and Demo
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