Certificate in Open Banking – International BSF

About Course

This certificate program explores the transformative concept of open banking, equipping learners with the knowledge to understand and participate in the open banking ecosystem. The curriculum covers the regulatory frameworks enabling open banking, including PSD2 in Europe and similar regulations in other jurisdictions; the technical standards for open banking, including APIs and data sharing protocols; the business models enabled by open banking, including account aggregation, payment initiation, and financial management applications; and the opportunities and challenges of open banking for consumers, financial institutions, and third-party providers. Students explore the competitive dynamics of open banking, including the entry of new players and the strategic responses of incumbents. The program also examines the security and privacy considerations of open banking, including consent management, data protection, and the risks of unauthorized access.

Course Content

module1:Regulatory Foundations and Global Frameworks

MODULE 2: OPEN BANKING API ARCHITECTURE AND STANDARDS

MODULE 3: AUTHENTICATION, AUTHORIZATION, AND CONSENT MANAGEMENT

MODULE 4: SECURE DATA TRANSPORT AND CRYPTOGRAPHY (mTLS, Digital Signatures, JWT, JWS, JWE, and Certificate Lifecycle Management)

MODULE 5: CORE DATA MODELS AND ACCOUNT AGGREGATION (ISO 20022 Mapping, Account/Balance/Transaction Schemas, and Account-Request Deduplication)

MODULE 6: PAYMENT INITIATION AND FUND CONFIRMATION SERVICES (PISP, CBPII, VRP Mechanics, and Idempotent Payment Submission)

MODULE 7: API GATEWAY MANAGEMENT, RATE LIMITING, AND RESILIENCY (Kong/AWS Gateway, Token Bucket Algorithms, Circuit Breakers, and Retry Backoff Policies)

MODULE 8: FRAUD DETECTION AND AML IN OPEN BANKING (Anomaly Detection on Consent Velocity, Device Fingerprinting, and Transaction Monitoring Rules)

module 9

Module 10: Open Banking Implementation, Monitoring, and Future Trends