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Open Banking Solutions

Accelerating open banking adoption

Open banking is turning into a global trend. Changing customer preferences, accelerated tech innovation and a growing digital landscape, regulatory interventions build a disruptive potential to drive truly revolutionary change. Open banking provides vast opportunities for banks and financial institutions to reinvent their legacy systems via fast-developing technologies such as FinTechs, Microservices and APIs.

Virtusa's open banking solutions suite can help accelerate and streamline your open banking adoption.

Virtusa offers a holistic approach to open banking adoption, providing a platform, and a suite of accelerators and frameworks to get organizations ready for the API economy.

Virtusa recognized as a major contender in Everest Group’s Open Banking IT Services PEAK Matrix® Assessment 2024

Open Banking Compliance
Virtusa's Open Banking Sandbox can help your organization comply with the Open Banking regulations. Its cloud native digital API infrastructure is purpose-built for banking and implemented across the globe.
Open Innovation Platform

Virtusa's Open Innovation Platform (OIP) connects banks and financial services firms with third-party FinTechs to accelerate digital transformation. Using our Platform, you can improve your competitive edge and keep up with customer expectations by reducing the time to test by up to 90% and time-to-market by up to 60%.

Virtusa's Powerful Open Banking Sandbox Accelerates Digital Innovation for a Leading UAE Bank

Emirates NBD, the leading banking group in the Middle East reduced onboarding time of FinTechs by 75% with Virtusa's Open Innovation Platform.
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White Paper: Open Banking Beyond Compliance

For the banks and financial services that are prepared to go beyond open banking compliance, changes present rich opportunities to shape innovative offerings and drive new revenues. They will open the door to non-traditional revenue-generating opportunities: API monetization. In this white paper, Virtusa surveys the current open banking landscape and puts forward recommendations for effective API monetization, including API pricing models, risk and quality control mechanisms, potential new business models, and strategies for open banking.

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