Open Bank

= " Open Bank Project is the global standard and open source API solution for Open Banking".

URL = https://www.openbankproject.com/

Description

Marco Fioretti:

"[with traditional banking] a company may publish yearly aggregated financial statistics online, but this information might not be timely or automatically posted and it may hide or modify crucial information. This is what makes corruption possible (and this is one of the main problems Open Bank wants to solve, via open standards and software for banking) since the launch of the project “regulatory authorities around the world became quickly intrigued by this transformative trend. They reached out [to give advise] in designing, testing and implementing their own open banking frameworks and API standards”.

Open Bank has organized 60 hackathons (gatherings of programmers) all over the world, in which thousands of participants have co-developed over 1300 solutions to speficic problems that the Open Bank software should solve

Today, the Open Bank Project is supported by a community of over 11,000 developers… and its software platform covers several regulatory standards, offering over 350 management, banking and open finance software interfaces." (https://stop.zona-m.net/2021/02/happy-birthday-open-bank-project/?)