Processes and tools for empowering financial institutions with seamless compliance, innovation, and customer-centric solutions
Amplify Open Banking is revolutionizing how financial institutions (FIs) operate in a dynamic and regulated financial landscape. Designed to meet the rigorous regulatory framework of the Dodd-Frank Act Section 1033, the platform not only ensures compliance but also opens doors to monetizing APIs and uncovering new revenue streams.
Built on a foundation of solid security measures, including Core Consent Management, Strong Customer Authentication (SCA), and Third-Party Provider (TPP) authorization, Amplify Open Banking safeguards sensitive data while empowering FIs to innovate confidently. Its ability to retrieve and analyze data from diverse account types — such as savings, mortgages, and pensions — enables personalized customer insights and streamlined upselling and cross-selling opportunities.
With support for Banking-as-a-Service (BaaS), the solution facilitates white-labeling and embedded finance strategies, fostering collaboration between banks and non-bank partners. Low-code/no-code integration tools and over 200 prebuilt connectors simplify the design and deployment of business processes in cloud or on-premises environments.
This document digs into the practical details of using Amplify Open Banking for innovating and collaborating to meet — and drive — the demands for tomorrow’s digital financial services.
Open banking is the future of finance and Axway has what you need to be there.
