Global Open Banking API Security & Compliance Market to Reach USD 12.67 Billion by 2034


What is Open Banking API Security and Compliance?
Open Banking API security and compliance solutions represent essential technologies vital for safeguarding financial data sharing via APIs while meeting regulatory mandates. These solutions deliver robust protections through mechanisms that secure consent-based access, prevent unauthorized transactions, and ensure data integrity across ecosystems. They cover key areas such as authentication, encryption, monitoring, and auditing, with components including API gateways, OAuth 2.0 and FAPI protocols, strong customer authentication (SCA) tools, threat detection platforms, compliance reporting software, vulnerability management systems, and others.

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