ProofID are sponsoring the API Open Banking Summit in conjunction with technology partners Ping Identity. The partnership brings together a deep understanding, developed through years of delivering IAM solutions into the Finance and Banking sector.
Open Banking is one of the most exciting developments in financial services. Banks around the world are actively adopting open banking strategies and making their APIs available to third parties. However, for the Open Banking initiative to work, the industry needs global standards and a secure model for API development. Without standards, banks are exposing their customers and themselves to risk, and impeding innovation in the software development community.
The API Security Summit, taking place in London on the 21st of November 2018 will bring together the financial services community, regulators, fintechs, TPPs and associations from across UK and Europe to find solutions to the current lack of standardisation, debate what standards/legislation may emerge in 2019, and how to plan with these in mind.
This Summit is an important opportunity to share expertise and experience to advance progress towards a truly secure API model.