Digitinary Solution
Open Banking Compliance Solution
Open Banking is a regulatory framework that requires financial institutions to securely share customer data (such as financial transactions) and expose banking capabilities (such as domestic payments) to licensed third-party providers (TPPs) through standardized APIs, with customer consent. Digitinary delivers Open Banking compliance through Wasl, a purpose-built platform where API management and Open Banking compliance are natively integrated rather than bolted on.
Who this is for
- Banks and financial institutions that must comply with central-bank Open Banking or Open Finance frameworks
- Institutions replacing a generic API management stack that was not designed for Open Banking
- Teams preparing for Banking-as-a-Service (BaaS) and Open Finance expansion
Problems it solves
- High licensing costs for a core API platform plus a separate Open Banking implementation
- Responsibility split between multiple vendors and systems, with blurred ownership
- Weak alignment with future Open Finance and BaaS needs
- Complex, expensive, and hard-to-govern compliance projects
Delivered by Wasl
This solution is delivered by Wasl, Digitinary's API management and Open Banking compliance platform.
Architecture & implementation
Wasl connects core banking systems to external partners through a secure, governed API infrastructure. It acts as a middleware layer that authenticates, monitors, and controls all API traffic according to governance policies.
The Open Banking Compliance module provides plug-and-play regulatory APIs and an intuitive Back Office portal, so institutions can integrate existing systems, securely connect with TPPs, and unlock new services without rebuilding their core.
Capabilities
- Open Banking compliant APIs: Account Information (AIS), Payment Initiation (PIS), and Facilities services
- Consent Management with customer consent tracking and revocation
- Regulatory reporting: Key Performance Indicators (KPIs) and Management Information reporting
- Payment Tracker for real-time payment status monitoring and reconciliation
- TPP self-onboarding, API Marketplace, and documentation portal
- Sandbox environment and TPP simulator testing kit
- Strong Customer Authentication (browser flow and CIBA) flows
Proven in production
Kuwait Finance House (KFH) — KFH replaced a legacy Software AG WebMethods API management stack with Wasl as a single, coherent Open Banking platform, with Digitinary as the technology partner for integrations and customisations.
- Achieved Central Bank of Kuwait (CBK) Open Banking compliance readiness in under 3 months
- Eliminated multi-vendor dependency and blurred ownership
- Lowered licensing and operational complexity
- Established a future-ready foundation for Open Finance and BaaS
Frequently Asked Questions
What is Open Banking compliance?
Open Banking compliance means meeting a regulatory framework that requires a financial institution to securely share customer data and expose banking capabilities to licensed third-party providers through standardized APIs, with customer consent. It typically covers compliant APIs, consent management, security flows, and regulatory reporting.
How does Digitinary deliver Open Banking compliance?
Digitinary delivers Open Banking compliance through Wasl’s Open Banking Compliance module, which provides plug-and-play compliant APIs (AIS, PIS, Facilities), consent management, regulatory KPI reporting, and a payment tracker, all integrated with Wasl’s API Gateway, Management Console, and Developer Portal.
Does Wasl work with our existing core banking system?
Yes. The Open Banking Compliance module is technology-agnostic and works with any core banking platform or middleware, integrating with existing systems through a plug-and-play approach.
Related reading
- The Silent Cost of Slow Partner Onboarding
Locking down developer portals to control partner onboarding feels safe, but it quietly costs institutions time, revenue, and partnerships. Here is a better way to balance security and access.
- API, API Gateway & API Management: The Difference Many Organizations Still Get Wrong
In many of our meetings, we still hear "API" used to mean the gateway, and "the gateway" used to mean the whole management strategy. Here is the difference between the three, and why it matters more than it sounds.
- Large Financial Institutions as an API Platform: Why the Shift Can't Wait
Most large financial institutions see only about 60% of their customers use them for the full relationship. Here is why the answer is not a better product, but becoming an API platform, and why agentic AI makes that shift urgent.
Related pages
Ready to see Wasl in action?
Book a demo and the Digitinary team will walk you through how Wasl delivers open banking compliance solution for your organization.