Bankableapi Blog

  Open Banking in the UAE and GCC: Insights and Case Studies Open banking is a rapidly growing field that is transforming the financial industry in the UAE and GCC. In this article, we provide insights and case studies from leading open banking experts and API strategists. We cover topics such as PSD2, open banking benefits, developer experience tips, frameworks for high-grade security and access management, and more.   Regulatory Landscape of Open Banking The regulatory landscape of open banking in the UAE and GCC is evolving rapidly. The Central Bank of the UAE has issued guidelines for open banking that require banks to provide third-party providers with access to customer data through APIs. The guidelines also require banks to ensure that customer data is protected and secure. In addition to the guidelines issued by the Central Bank of the UAE, there are other regulations that impact open banking in the region. For example, GDPR is a regulation that protects the privacy of individu

    Revolutionize Your Business with Bankable API: How to Convert Digital Challenges into Competitive Advantages There are several ways that banks can revolutionize their businesses and convert digital challenges into competitive advantages:   Adopt modern technology By adopting modern technology, banks can streamline their operations, improve their customer experience, and reduce their reliance on outdated systems. This can include implementing cloud-based systems, adopting advanced analytics tools, and implementing modern security measures. Cloud-based systems By moving to cloud-based systems, banks can reduce their reliance on expensive hardware and IT infrastructure, lower their maintenance costs, and improve their scalability and flexibility. Cloud-based systems also offer a range of benefits such as increased security, better data management, and improved collaboration and communication. Advanced analytics tools By adopting advanced analytics tools, banks can improve their decisi

Say Goodbye to Clunky Banking Infrastructure: Bankable API Makes it Easy to Connect and Innovate Legacy infrastructure If you're in the banking industry, you know firsthand how frustrating it can be to deal with outdated and cumbersome infrastructure. Not only does it slow down your ability to innovate and connect with customers, but it can also create bottlenecks that prevent your business from reaching its full potential. That's where Bankable API comes in. Reduced efficiency and lost revenue Banking legacy infrastructure is a major problem that has plagued the industry for decades. Outdated systems, complex processes, and siloed data can make it difficult for banks to keep up with the rapidly changing demands of their customers and the marketplace. This can lead to poor customer experiences, reduced efficiency, and lost revenue. Key areas of concerns Outdated technology: Many legacy systems are based on outdated technology and are no longer supported by the vendor, making it

The Future of Banking is Here: Introducing Bankable API, the Game-Changing Marketplace for Banks and Third Parties   Rapid Transformation The banking industry is undergoing a rapid transformation, and at the forefront of this change is Bankable API, a game-changing marketplace that is set to revolutionize the way banks and third parties connect and do business. The future of banking is here, and Bankable API is leading the charge. How does it work? So, what is Bankable API and how does it work? In a nutshell, Bankable API is a platform that enables banks and third parties to connect quickly and easily. It allows banks and institutions to decouple their infrastructure from the front layer and rapidly open APIs, creating a vibrant open finance and open data API economy that is easy to use and fast to build. Fully adapted to the internet and accessible to every innovator, Bankable API helps companies convert their digital challenges into competitive advantages and realize returns from the