We are excited to announce that PortX has officially received OpenID’s Financial-Grade API (FAPI) certification and joined the OpenID Foundation as a member. This critical milestone reaffirms our commitment to providing secure, reliable, and compliant solutions to financial institutions, fintechs, and banking core providers. What is Financial Grade API (FAPI)? Financial-Grade API (FAPI) is a […]
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Category: Open Banking
Automated mTLS Management is Generally Available for Integration Manager-Hosted APIs
We’re excited to announce that mutual Transport Layer Security (mTLS) credentials are now generally available in Integration Manager. This new feature enables stronger, certificate-based client authentication—designed to meet the highest standards of security and credential management for financial institutions and service providers using the Integration Manager. What is mTLS? Mutual TLS (mTLS) is a method […]
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Fiserv Communicator Open: What We’ve Learned About the Future of Open Banking and Core Integration
We’re just a few months into our journey with Fiserv, having joined the AppMarket to accelerate connectivity and maximize Communicator Open’s value. We’re already seeing its impact reshape the future of core banking integration. From account opening to payments and beyond, financial institutions (FIs) leverage this innovation to streamline their operations. This progress validates Communicator […]
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The True Cost of API Modernization—And Why Innovative Banks and Credit Unions Pay It
Everyone has an API, right? Not so fast. Not all APIs are created equal. The difference could mean the trap of vendor lock-in or the path to becoming an innovation powerhouse. Identifying these differences is challenging enough but banks and credit unions face an even greater impending crisis—integration modernization is a costly investment. Every financial […]
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Navigating CFPB 1033 and Open Banking: Key Takeaways From the FDX Virtual Summit
The Financial Data Exchange’s (FDX) Virtual Summit provided an in-depth look at the evolving landscape of Open Banking. This year, the free online event focused on the Consumer Financial Protection Bureau’s (CFPB) Rule under Section 1033 and its impact on open finance, data access, and compliance—highlighting significant challenges and opportunities for banks and credit unions. […]
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Integration Manager’s New Features: Vulnerabilities Manager, Secrets Manager, and Application Configuration
Release date: September 3, 2024 Fintech Hub (our Integration Platform as a Service) provides secure, efficient, self-service tools that simplify the complex integration challenges faced by financial institutions (FIs). This update introduces three powerful new features: Vulnerabilities Manager, Secrets Manager, and Application Configuration. Vulnerabilities Manager helps FIs maintain compliance by identifying and addressing potential security […]
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Fedwire’s Spring 2025 Countdown: The Required Shift to ISO 20022 Messaging Standards for Payments
Banks and credit unions are set to undergo significant transformation (if they haven’t already) in response to the Federal Reserve Bank’s forthcoming regulatory changeover to ISO 20022 messaging standards in the US, taking effect in spring 2025. This new standard marks a comprehensive shift in how financial institutions manage and process payments. Financial institutions should […]
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CrowdStrike-Microsoft Outage: Lessons Learned for Bankers About Cloud Infrastructure Benefits
in Cloud , IT Management
Banks and credit unions rely heavily on technology to provide seamless and secure customer services. However, recent events such as the CrowdStrike-Microsoft outage serve as reminders of the vulnerabilities inherent in interconnected systems. Such disruptions can be profound for financial institutions, impacting everything from transaction processing to customer trust to regulatory penalties. Cloud-based software solutions, […]
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Integration Platform as a Service: One Tool to Cut Costs, Eliminate Dependencies, and Scale Fintech Connections
Financial institutions that leverage an Integration Platform as a Service (iPaaS) can adapt to technological changes efficiently, meet evolving consumer demands quickly, and navigate complex regulatory requirements easier than others in the industry while cutting costs and overhead. This blog delves deeper into what iPaaS means for financial institutions (FIs), why it is an essential […]
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