Universal Bank Launches Open Banking Platform Serving 200+ Fintech Partners
A regulator-aligned open banking API platform on Azure that opened new revenue streams while maintaining strict security and consent management.
Project Overview
The Challenge
Emerging open banking regulation required the bank to expose secure APIs to third parties, while leadership saw a commercial opportunity to build a platform business.
- 1Regulator-mandated open banking timelines with stringent security requirements
- 2Legacy core systems with no native API capabilities or partner management
- 3Need for granular consent management, monetization, and partner analytics
Our Solution
CloudGate built a full open banking platform on Azure API Management, including developer portal, partner onboarding, consent management, and monetization.
- API gateway with rate limiting, OAuth 2.0, and FAPI-compliant security profiles
- Self-service developer portal with sandbox, documentation, and live API testing
- Real-time analytics on partner usage and revenue contribution
The Results
- First bank in the market to achieve full open banking certification
Technologies Used
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