Product overview

Getting Ready for CFPB 1033

Automating your open banking conformance program: security, conformance, performance and data risk analysis in one platform.

Resolve your open banking API issues easily, even for the new rules proposed by the Consumer Financial Protection Bureau.

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What you will learn

Why open banking APIs need checks on the performance and security of every call and response

How APIContext tests APIs against the FAPI 2.0, FDX API 5.3 and OAuth 2 security profiles

How ongoing tests and real-time analysis help APIs stay compliant between releases

How security and interoperability testing supports open finance

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A New Era of Open Banking API Expectations

Open banking API requirements are exacting, including specific performance metrics and security mechanics for every API call and response. As bad actors evolve, so do regulations, as do the standards. Keeping up with all of the changes is complicated. That's why we have built full conformance tooling for Open Banking applications.

Simplify Open Banking Compliance Across Standards

APIContext empowers you to navigate the evolving open banking landscape with confidence. Our comprehensive API compliance solution validates your APIs against a wide range of standards, including FDX, OAuth, FAPI1.0, FAPI2.0, OIDC and others. This approach keeps you ahead of the curve and makes compliance simple, regardless of the governing body or potential future changes.

Continuous Assessment

APIContext provides ongoing API assessment, giving you the confidence that your APIs remain compliant and interoperable in your development process and the ever-changing open finance ecosystem.

“Compliance prep has to be underway by summer 2024.” Senior Leader of a Leading Aggregator, on a panel at FDX Spring Summit.

Security & Interoperability: The Cornerstones of Open Finance

Our robust testing goes beyond the basics. We assess your API security posture and adherence to interoperability requirements. This empowers you to deliver a secure and reliable open banking experience for your users, fostering trust and confidence.

Benefits

Continuous Compliance: Compliance isn't a one-off; ensure smooth deployment with ongoing tests and real-time analysis.
Minimize Risks: Proactive identification and remediation plans for security vulnerabilities and interoperability issues.
Build Trust: Automated reporting for the key CFPB 1033 rules. Validation against FDX and other Open Banking standards continuously and in real time.
New Rules, No Problem: Our multi-standard support allows you to seamlessly adjust to evolving regulations and standards, minimizing distractions.
Future-Proof: Stay ahead of the regulatory curve with a solution that adapts to the open banking landscape of tomorrow.

Commercial Offer

$15k per year with $6k setup support. Includes 1m synthetic tests or 10m live observations (monthly).

About APIContext

The APIContext team has been defining and building API and authentication standards for more than a decade. The merger of APImetrics and Contxt in December 2023 has led to new capabilities that ensure seamless compliance and unlock the full potential of open finance.