Open Banking Platform
Create better customer journeys with the full power of open APIs
Utilize API banking to gain actionable insights, enable account aggregation, streamline customer onboarding, KYC, and payment initiation, offer predictive budgeting tools, and introduce enhanced credit scoring.
Embracing Open Finance
We offer a market-leading API platform, decades of banking industry expertise, a powerful account aggregator, and data enrichment capabilities.
3,400+ financial institutions
Accessed through a single API
A cloud-native platform
To focus on your core competencies
400+ banking APIs
To design innovative use cases
A core-agnostic approach
To keep your existing banking system
Connect to 3,400+ financial institutions and manage the complexity of different data types, authentication, and authorization schemes. Gain access to PSD2 and non-PSD2 accounts, aggregate, analyze, and present the data in a user-friendly way.LEARN MORE
Reap the benefits of automated data categorization, achieve maximum accuracy, and help your customers improve their financial wellbeing. Give users a holistic view of their finances, offer smart budget management tools, and present personalized advice at the right time.LEARN MORE
Introduce seamless customer onboarding that takes less than 3 minutes. Gain permissioned access to customers’ identity information and enhance your KYC process. Utilize direct auto-filling, instant account verification, and an enhanced credit scoring system.LEARN MORE
Financial insights for lending
Automate data analysis and syncing with your credit scoring models for more accurate loan decisions. Reduce TCO and decrease risk levels with a lending solution covering the entire life cycle, from origination to servicing to collection.Learn more
Leverage account aggregation and payment initiation services to improve your international transfer processes. Support diaspora customers with a fast, easy, and cost-effective remittance solution.learn more
Why Sopra Banking Software?
1,500+ clients in 80+ countries
400+ banking APIs
5,000+ experts worldwide
Rewards & recognition
Mission critical for most financial institutions with local teams.
95% of the leading banks in Europe and 60% of the top banks in Africa run the Sopra Banking Platform.
80% of the top global captives use the Sopra Financing Platform.
Our API-first, component-based, cloud banking platform provides a solution to essentially any business need.
Launch new services quickly with off-the-shelf digital use cases or design your own, leveraging abundant data and easy-to-use tools.
We have a team of trusted, world-class professionals spread around the globe who understand the specificities of local markets.
You can find our experts in 50+ cities — Paris, Amsterdam, New York, Boston, Sydney, Dubai, Sao Paulo, Beijing, London, Abidjan, Pune, Dakar, and many more.
Sopra Banking Software placed in the top three in Forrester’s 2020 Global Banking Platforms Deals Survey.
According to the 2020 IBS Sales League Table, we’re the only vendor listed in the top 10 conventional solutions sold worldwide with two different platforms: Sopra Banking Platform (#3 in global universal banking) and Sopra Financing Platform (#1 in lending).
Empower your developer community
Use a single API integration to connect to the personal and financial data of over 3,400 banks. Take advantage of a vibrant developer portal with clear API documentation, service descriptions, and guides.
Gain comprehensive transactional request audit trailing for improved transparency, use our sandbox and take advantage of professional support services.
Open banking (lower case) as a general term is used to describe the practice of integrating customer banking information and financial services to provide a personalised experience. The term applies to the exposure and consumption of these services. In the European Union, the Payment Services Directive (PSD2) requires banks to open up customers’ payment account information to regulated third parties. Outside Europe, some countries have adopted/are working on equivalent regulations. Others are allowing the market to progress on these initiatives.
Open Banking is a UK regulation. It’s a secure way to give providers access to your financial information. A dedicated operating company implements and governs not only the API standard and bank staff’s actions but also the actual processes. The regulatory initiative in the EU is PSD2, which requires banks to open up customer payment account information to regulated third parties. While the UK Open Banking Standard requires a company to run the processes, PSD2 sticks to the business rules and doesn’t impose any technology.
Banks, mandated by PSD2 regulation to share customer information, can act as TPPs and benefit from open data themselves. To go further, they can choose to partner with various service providers to enrich their portfolio and propose unique, value-added offers to their customers. Simultaneously, the business ecosystem is enlarged, and the adoption of open banking leads to better interconnectivity inside the developer community.
How to expand your ecosystem with Sopra Banking Software >>
AISP (Account Information Service Provider) — An Account Information Service provides account information services as an online service to provide consolidated information on one or more payment accounts held by a payment service user with one or more payment service provider(s).
ASPSP (Account Servicing Payment Service Provider) — Account Servicing Payment Service Providers provide and maintain a payment account for a payer as defined by the PSRs and, in the context of the Open Banking Ecosystem are entities that publish Read/Write APIs to permit, with customer consent, payments initiated by third-party providers and/or make their customers’ account transaction data available to third-party providers via their API endpoints.
PISP (Payment Initiation Services Provider) — A Payment Initiation Services Provider provides an online service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider.
TPP (Third Party Provider) — Third-Party Providers are organizations or natural persons that use APIs developed to Standards to access customer’s accounts in order to provide account information services and/or to initiate payments.
Open banking provides many advantages for various market participants, stakeholders, and consumers.
For banks, cost minimization and competitiveness have long been considered the primary benefits. In reality, open banking is a digital transformation catalyst that enables banks to make their services usable by more consumers either directly or indirectly. Banks can then leverage customers’ trust and collaborate with various TPPs to provide new, data-driven products and services.
For customers, open banking means easier and faster access to financial services, tailored customer journeys, and offers — and, as a result, enriched customer experience.
For third-party providers, access to an existing customer base and their personal financial information means new, innovative services and revenue opportunities.
Benefit from open banking with Sopra Banking Software >>
The Marketplace was created with a simple goal in mind: position our customers to profit from the collective power of Fintech.
Thanks to the DBEP concept, our banking customers can easily combine all the available services (Sopra Banking and partners) and benefit from the DBEP foundational services. Services like the Authentication Brokerage, Authorization Management, and API Portal to build a streamlined and secure combination of services.
- READ NOW
Open Banking & Mortgages: The Next Revolution in Lending
Mortgages are a key area of competition for UK banks and building societies, but they’re becoming less and less profitable.
- WATCH NOW
Tink x SBS CEOs interview: the future is open?
Open banking is here and is disrupting the bank’s relationships with their customers.
- WATCH NOW
Into the wide Open (Banking) World
Open banking creates a new opportunity to transform the future of banking.