Tieto Banktech

Turn open banking APIs into services customers use

Q: What are open banking payments?

Open banking payments use API-based account access and payment initiation to let customers or businesses make payments through connected services and journeys.

Q: How can banks move beyond compliance-led open banking?

Banks can connect APIs to specific customer needs, combine payment execution with data and value-added services, and build partnerships around viable use cases.

Q: What is embedded finance?

Embedded finance places financial capabilities such as payments inside a non-bank platform, application, or customer journey where the service is needed.

Q: Why is API aggregation important?

API aggregation can connect multiple banking, payment,and external data sources, reducing integration effort and supporting more consistent partner access.

Q: What should banks consider before onboarding fintech partners?

They should consider use case value, integration, risk, compliance, consent, operational ownership, customer experience, scalability, and the commercial model.

Q: How can open banking create new revenue opportunities?

It can support new payment volumes, data services, partner distribution,and value-added propositions when the use case and operating model are commercially viable.

Connect payment initiation, account data,and embedded finance to partner ecosystems, customer journeys, and new revenue opportunities.

The challenge

Banks need more than APIs to turn open banking into valuable services. Tieto Banktech connects payment initiation, data services, API aggregation, embedded finance and partner capabilities to simplify integration and enable new payment flows and customer journeys.

Business benefits

Move from API access to propositions that matter

Open banking creates more value when it connects payment execution, data, partnerships, and distribution around a clear reason for customers and businesses to use it.

1

Focus on real customer needs

Build use cases around specific journeys instead of treating API availability as the proposition itself.
2

Connect partners faster

Use clearer connectivity and onboarding patterns to work with fintechs and ecosystem partners more effectively.
3

Create routes to monetisation

Combine payment volumes, data services, and value-added capabilities to support new services and commercial models.

Solutions

Solutions that turn open banking into useful services

Open banking creates value when it is connected to a clear customer or business need. These solutions combine payment initiation, data, APIs, embedded finance, and partner capabilities so banks can move from access to services that customers and partners use.

Build payment and data services around real use cases

Payment initiation and data services help banks support secure account access, account information, and payment journeys through APIs. Connect these services to practical customer and business needs, rather than treating API access as the end goal.

Connect banking and payment ecosystems

API aggregation and connectivity bring multiple banking, payment, and external data sources together. This can reduce integration friction and give products, partners,and internal teams a more consistent way to work with services and data.

Put financial services where customers need them

Embedded finance places payment capabilities inside third-party platforms, applications, and customer journeys. Banks can support relevant services at the point of need while retaining appropriate control over risk, consent, and operations.

Onboard partners and manage ecosystem services

Partner onboarding and ecosystem capabilities help banks work with fintechs and other partners through standardised APIs, developer tools, and clear operating processes. This supports safer, more repeatable collaboration as services scale.

Insights

Open banking

Turn open banking into opportunity

Talk to our experts about connecting payments, APIs, and embedded finance to create new services, simplify integration, and deliver better customer experiences.

FAQ

Your questions answered

What are open banking payments?

How can banks move beyond compliance-led open banking?

What is embedded finance?

Why is API aggregation important?

What should banks consider before onboarding fintech partners?

How can open banking create new revenue opportunities?

Turn open banking APIs into services customers use

Move from API access to propositions that matter

Focus on real customer needs

Connect partners faster

Create routes to monetisation

Solutions that turn open banking into useful services

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