The regulatory framework provides an essential structure for these operations.
“ Open banking & open finance frameworks play a pivotal role in controlling fraud,” says Moshe.
“ This is because access and permissions for money movement are based on validated permissions, both at the Third Party Provider level for integration access and through their service access for validation of end consumers.”
Artificial Intelligence Reshapes Financial Data Usage In the last few years, financial institutions have been moving beyond basic data transmission through APIs.
Machine learning models now process transaction data to identify patterns, predict customer behaviour and automate decision-making processes. These capabilities enable banks to offer personalised services at scale while maintaining security standards.
The integration of AI with banking APIs has particular significance for fraud prevention, credit assessment and customer service automation.
Banks are developing systems that can analyse transaction patterns in realtime, identifying suspicious activities while reducing false positives that can interrupt legitimate customer transactions.
Decentralised Finance Creates New Revenue Opportunities Elsewhere, the emergence of decentralised finance( DeFi) and
50 April 2025