Overview
Tech Mahindra has a strong partner ecosystem. The preferred partner, out-of-the-box open banking compliance solution powered by Partner and delivered by Tech Mahindra. It enables secure APIs, consent-driven IAM, core integration, and regulatory reporting to accelerate adoption and scale innovation within regulated environments.
Compliance-ready Open Banking Platform
A compliance-ready open banking platform aligned with leading standards such as EU-PSD2, UK Open Banking, and Australia’s CDR. The solution combines domain advisory, API enablement, identity and consent management, developer experience, core banking integration, data governance, and monitoring—delivered as a unified, scalable compliance foundation.
Solution Highlights
- Map regulatory gaps and assess readiness to tailor the WSO2 Open Banking to specific compliance requirements.
- Configure WSO2 modules to align with specific standards, timelines, and deployment models.
- Define priority use cases, consent flows, and governance models to operationalize compliance on the WSO2 platform.
- Predefined, standards-compliant APIs with full lifecycle management accelerate compliance across EU-PSD2, UK Open Banking, and AU-CDR frameworks.
- A developer portal with dynamic onboarding, an API marketplace, and monetization tools to engage fintechs and unlock new revenue streams.
- An enterprise-grade API gateway, compliant with FAPI and OAuth 2.0, is proven at scale with 200K+ APIs across 20K+ organizations for secure, high-performance delivery.
- Standards-based authentication using FAPI, OpenID Connect, and PSD2 SCA ensures secure, compliant customer access across open banking channels.
- Centralized identity and access management with SSO and federated login delivers seamless, secure experiences across digital banking ecosystems.
- Consent management with fine-grained controls enables customer-driven data sharing and ensures compliance with open banking and global privacy regulations.
- A hybrid integration platform connects core banking systems, data, and applications—proven at scale with 60 trillion transactions annually.
- Multi-protocol support (REST, SOAP, ISO 8583, ISO 20022) enables seamless connectivity between open APIs and legacy systems.
- A lightweight, container-native integrator with built-in orchestration enables agile, microservices-based workflows across on-premises, cloud, and hybrid environments.
Compliance Designed for Growth and Agility
- Enables timely compliance with EU-PSD2, UK Open Banking, AU-CDR, and other mandates
- Ensures standards-based consent, identity, and access control
- Enforces regulatory obligations across banks and accredited third parties
- Strengthens audit readiness through continuous monitoring and reporting
- Reduces regulatory risk across APIs, data sharing, and core systems
- Supports regulatory change and framework evolution at scale
- Improves data protection and consumer control compliance
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