# API Security for Open Banking - Wallarm
> Canonical: https://www.wallarm.com/resources/api-security-for-open-banking
> Source: https://www.wallarm.com/resources/api-security-for-open-banking
> Schema: https://wallarm.mdai.build/resources/api-security-for-open-banking.json
> Generated: 2026-06-07T16:19:50.985Z
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[API Security for Open Banking](#)

Whitepaper

# API Security for Open Banking

Open Banking is transforming the global financial ecosystem by requiring banks to expose customer data to trusted third-party providers through standardized APIs. While this fosters innovation and consumer empowerment, it also presents new security challenges that financial institutions must address. This whitepaper explores the various standards being adopted globally, and identifies how they impact API security requirements.

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CISOs and CIOs should read this whitepaper to learn:

-   Which open banking standards apply to their organizations, or may apply in the future.
-   How open banking standards impact API security
-   What API security related actions they should prioritize to comply with open banking requirements.

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