Axway’s Amplify Open Banking is a platform designed to help financial institutions comply with open banking regulations and integrate their services into digital ecosystems. It provides prebuilt APIs that adhere to key regulations, such as the CFPB Dodd-Frank Act Section 1033, eliminating insecure practices like screen scraping and enhancing consumer consent management. The platform supports collaboration with fintechs, reduces operational overhead, and accelerates innovation. Amplify Open Banking ensures secure data sharing, boosts customer satisfaction, and helps financial institutions unlock new revenue streams through API monetization. It also offers advanced analytics, continuous compliance updates, and robust security features to maintain data integrity and trust.

Simplify compliance and integration

• Comply with regulations including the CFPB Dodd-Frank Act Section 1033
• Go from insecure screen scraping to secure, API-based data access
• Manage and secure customer data access with granular consents
• Establish comprehensive legal reporting around open banking Build consumer trust and loyalty
• Improve customer satisfaction with a seamless online experience
• Gain customer trust with reliable and secure data management
• Expand consumer access to personalized, innovative services Achieve time to revenue and ROI faster
• Leverage APIs prebuilt to open banking standards
• Minimize overhead associated with compliance and integration
• Integrate new digital services without disrupting operations
• Create new revenue streams through API monetization Deliver an intuitive developer experience
• Speed business process deployment with low-code/no-code capabilities
• Package and group APIs for instant discovery with a built-in API marketplace
• Present APIs as products that developers can easily subscribe to
• Gain the autonomy of a truly federated API management platform