Open APIs, API Banking, Open Banking... What's the Difference? Axway experts answer. #shorts
Open APIs typically refer to partner banking, which has gone on for years and is essentially when you connect with one of your banking partners via a bespoke API. API banking is when you publish your APIs to the outside world, but it's based on your own API design, and Open Banking APIs is when you're actually participating in the ecosystem of third parties via a common API standard. So, you're publishing out your data via a common API standard for that region. Read the blog for more details: https://blog.axway.com/industry-insights/banking-finance/what-is-open-banking?utm_source=youtube&utm_medium=social&utm_campaign=api_marketplace_banking_gc&utm_content=glossary_videos Visit @AxwaySoftware for more!