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.
Audience
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
Challenges
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
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Delivered by Wasl
This solution is delivered by Wasl, Digitinary's API management and Open Banking compliance platform.
Explore WaslTechnical Overview
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.
Features
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
Case Study
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.
Blog
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Banks, financial institutions, and telcos all want to "build an Innovation Hub", but each means something different. Here is a clear definition, why APIs are its foundation, and what it needs beyond the developer portal to turn fintech partnerships into products and revenue.
- If Open Banking Isn't the Foundation, What Is?
At JO Fintech Festival 2026, the regulator put Open Banking at the heart of Jordan's fintech plans. Here is why Open Banking is the foundation fintech is built on, what it costs when that foundation is missing, and what regulators should get right.
- No Developer Portal? The Real Cost Isn't Visibility, It's Time
A missing developer portal doesn't cost regulated institutions visibility, they're already part of the market by law. What it actually costs is time: weeks of manual onboarding, emailed API keys, and now, a widening gap with AI agents that expect self-serve access.
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.