Case Study: AMP Bank achieves Open Banking compliance ahead of schedule with WSO2 Open Banking

AMP Bank achieves Open Banking compliance 2 weeks early with WSO2

AMP Bank, an Australian financial services institution, faced the challenge of achieving compliance with the Consumer Data Right (CDR) Open Banking regulations by a strict deadline. The bank needed a system to manage the required business APIs for compliance and to expose them externally. They selected the WSO2 Open Banking solution to address these complex requirements.

The WSO2 solution provided a scalable, componentized architecture deployed on AWS, which integrated seamlessly with AMP's existing IT systems. This implementation allowed AMP to achieve CDR compliance two weeks ahead of schedule, significantly reducing time to market. WSO2 enabled the bank to consolidate its capabilities into a set of APIs, exposing them to partners without the need for additional infrastructure or investment, thereby positioning the business for future growth.

AMP Bank