On the Open Banking Hub you have central access to Business API ecosystems and the infrastructure to support this. You can then connect applications and service partners in a standardised manner, add partner services to your core services and grow your customer value chains within a customer-centric, open ecosystem. That’s how you achieve open banking in Switzerland.
With Open Business Hub, you can securely and seamlessly connect applications and modules to your IT environment. The applications are offered as Software-as-a-Service (SaaS) rather than being integrated, which simultaneously reduces investment costs and boosts your agility. It is thus easier for you to roll out new product ideas and accelerate ongoing process improvements.
The applications are connected over standard interfaces (API integration). Thanks to several hundred interfaces and industry standards such as Common API (SFTI) or OpenWealth API, new connections are simplified with API reuse. The lower costs and greater efficiency of central interface management reduce both initial and ongoing costs for application use.
With Open Business Hub, or OBH for short, the scope of changes to your IT environment is under your control. You can, for example, choose to encapsulate all of your required interfaces in the Open Business Hub, which reduces the workload of your IT department and minimises future maintenance effort.
Simple connection of applications using market standards
Reduced integration and operating expense
Access cross-industry API Hubs and their services such as bLink from SIX
OBH is the recommended integration platform if you want to implement ideas for new products or services without major investments. Banks, FinTechs or InsurTechs can then offer or source proprietary or existing marketed solutions and services.
How long you use OBH and the expense incurred will depend on your individual needs. You can thus optimise costs in the implementation of new ideas, digitisation projects or compliance measures despite limited budgets. Possible use cases include bank custody services for external asset managers or connection to customer accounting tools.
What’s in it for you:
Our aim is to provide a cross-industry Business API ecosystem with diverse ‘Hub-Hub connections’
“Swisscom impressed us with its clear product orientation, and it is also ideally positioned in the financial sector”
Falk Kohlmann, Head of Market Services and Member of the Executive Board, St.Galler Kantonalbank
Talk to us about the possible applications of the Open Business Hub at your company.