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Open Banking and Fintech-Integration

Open Banking, fintech integration and the innovative transformation of traditional business: digitisation is presenting banks with a host of great opportunities. Airlock offers the decisive advantage thanks to excellent user experience and fully integrated Open Banking standards. But where there are opportunities, there are risks in compliance, data protection and IT security. Thanks to its cutting-edge technology, Airlock protects against these threats. With 250 active banking customers in over 20 countries, we have a deep understanding of the sector’s requirements and challenges.

Open banking and fintech integration
collaborating for success

Banks are actively taking advantage of the opportunities offered by digitisation and making ongoing improvements to their digital channels to provide their customers with even better service. Here, they are looking to strike a balance between a straightforward user experience and the highest levels of security for new user journeys.

Implementing open banking, integrating fintech products and setting up new customer portals all require intelligent features that will impress not just the banks but their partners and clients as well with respect to convenience, user experience and access management.

With Airlock, Swisscard implements digital customer journeys in a flexible and secure manner. Together, we create a unique customer experience for private customers, companies and retailers. 

Marco Bazzani, CIO of Swisscard AECS GmbH, a leading card company owned by Credit Suisse and American Express. Swisscard is the only company in Switzerland to offer the world's most important card brands American Express, Mastercard and Visa from a single source.

Excellent user experience

Today’s customers are more demanding than ever. They expect a seamless user experience throughout their online banking journey – including authentication, master data management and uncomplicated user self-service features. Here, Airlock offers an impressive array of sophisticated functions, such as single sign-on processes, which ensure that customers can switch between different services without multiple logins; or smart, risk-based, multi-factor authentication, which meets a wide range of needs. Furthermore, intelligent online services prevent helpdesks from being swamped with unnecessary enquiries. This ensures banks minimise costs and target investments at service-excellence where it will really make a difference to their customers.

 

User experience

Banks as service hubs for fintechs

Banks can count on the trust of their customers – and they can build on this trust, provided they have stable foundations like the Secure Access Hub. With its intelligent, all-in-one solution, Airlock can support banks as they transform themselves into service hubs – even as they expand beyond their core banking business. Banks can become service aggregators and bring genuine value to their customers by positioning themselves as intermediaries for fintech organisations. To ensure success, financial institutions must focus on the essentials: the rapid development of new services, tools and platforms. Thanks to Airlock, these services can be launched with a shorter time to market and third-party providers can be efficiently integrated.

 

API Gateway

Compliance for open banking

Today security in banking always implies compliance with internal and legal regulations and this is an area of particular strength for Airlock. With its comprehensive access management functionality, the federation standards it supports and its integrated API protection, Airlock creates ideal conditions for simple and comprehensive PSD2 compliance. Moreover, specific components of PSD2 standards (such as NextGenPSD2 or STET) are already integrated into the secure access hub. Additional functionality, such as consent management, also ensures that DSGVO requirements are more easily met.

 

Compliance

The de facto standard in online banking

The banking business is based on trust and the best way for financial institutions to safeguard this valuable asset is by deploying the de facto standard for security in online banking software for more than 15 years. The reason for this success? In addition to its flexibility and maximum security, Airlock is highly cost-effective and features a comprehensive range of add-ons. IT security, too, is a trust-based business.


Maximum security

 

Our banking partner

We cooperate with many leading digital banking solution providers , for example:

  • Avaloq
  • Crealogix
  • Finnova
  • Temenos
     

Learn more

References for banks

Logo Raiffeisen

Raiffeisen

In recent years, Raiffeisen has established itself as the leading retail banking group and the third-largest cooperative bank in Switzerland. Customer proximity is one of the most important reasons for this success and Raiffeisen now has about 1.9 million cooperative members. More than one million customers also use online banking. Above all, they value customer proximity, sympathy and trustworthiness. In order to guarantee this in the long term, the e-banking system must be fast, efficient and, above all, secure.

Read more
Logo st. galler kontonalbank

St.Galler Kantonalbank

St.Galler Kantonalbank (SGKB) covers the entire eastern part of Switzerland with 38 branches in the cantons of St. Gallen and Appenzell Ausserrhoden as well as in Zurich. Branches in Munich and Frankfurt am Main complete the business network. Over 1200 employees offer comprehensive financial services to private and business customers. Its top priority is the reliability and discretion of a Swiss bank.

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Avaloq

Avaloq

With the adoption of the PSD2 regulation into national law of EU countries in January 2018, the race was on to undertake the technical implementation of the open banking standards ready for the 2019 deadline. Fourteen Avaloq clients were operating payments in the EU jurisdiction, and therefore needed a new, highly secure, PSD2 solution: a solution that required close collaboration with its long-time partner for security technology, Ergon, and its Airlock© solution.

Read more

Our whitepapers on banking

Open Banking Implementation

With the adoption of the PSD2 regulation into national law of EU countries in January 2018, the race was on to undertake the technical implementation of the open banking standards ready for the 2019 deadline. In this whitepaper you will leran what PSD2 is about and what the outcomes are.

Request whitepaper

API Security

Open banking has become a strategic priority for many financial institutions (FIs) and wealth managers. Local regulation, clients’ demand for superior customer experience and the strive for more flexibility are forcing banks to open their platforms to the outside world. This whitepaper highlights the external threats to an open banking ecosystem and how to address them.

Request whitepaper

Airlock 2FA

The two-factor authentication (2FA, MFA or SCA for short) in the area of IT security offers double the security. In combination with efficient customer identity & access management (cIAM), numerous processes are significantly simplified. Find out more about strong authentication and the possibilities that Airlock offers in our whitepaper.

Request whitepaper

Read in our blog about banking

5 security challenges in an open banking ecosystem

API security breakfast

Securing the Payment Services Directive 2 (PSD2)

Ready for excellent IT security?

Contact us now.
Ergon Informatik AG+41 44 268 87 00 Ergon Informatik AG

Information for you

-Our whitepapers-

Zero Trust is a journey

The digital transformation of the world continues to progress, and it is profoundly affecting private life and job profiles in a manner that was hard to imagine just a few years ago.

This whitepaper covers the effects of continuous digitization and its implications.

Request free of charge

Toward DevSecOps

In this whitepaper, you will learn the most important insights into how you can successfully and efficiently implement DevSecOps, which security components are required for this, and what benefits a microgateway architecture brings.

Request free of charge

Airlock 2FA - Strong Authentication. Easy.

The two-factor authentication in the area of IT security offers double the security.

Find out more about strong authentication and the possibilities that Airlock offers in our whitepaper.

Request free of charge

Further whitepapers

We provide whitepapers on these and other topics free of charge:

  • successful IAM projects
  • Compliance
  • Data protection (GDPR)
  • Introduction of PSD2
  • PCI DSS requirements
Request free of charge