The Business Case for Outsourcing Your Open Banking Infrastructure

Open Banking Is Global But Fragmented

From Australia’s CDR to the UK’s Open Banking Standard, Europe’s PSD2, and the U.S. Section 1033 proposals, the open banking movement is gaining momentum worldwide. Yet, every jurisdiction has its own:

• Regulatory frameworks
• Data schema requirements
• Consent protocols
• Certification and onboarding processes

Building in-house infrastructure that supports this complexity across regions is resource-intensive and full of compliance risk. And that’s before you account for the ongoing maintenance required as standards evolve.

The True Cost of Building In-House

Let’s break down the hidden costs of in-house development.

1. Initial Build

• Engineering time to understand standards and build APIs
• Legal and compliance review cycles
• Security audits and penetration testing

2. Ongoing Maintenance

• Monitoring performance and uptime
• Adjusting for new versions of standards (for example, CDR v5 or UK OBIE v4.3.1)
• Responding to bugs, schema changes, and regulator feedback

3. Certifications and Audits

• Navigating regulator-mandated accreditation programs
• Preparing evidence and responses during audit cycles
• Updating documentation and policy frameworks

When you add it all up, the total cost of ownership can quickly eclipse what you’d pay for a managed solution, without the same speed or certainty.

Outsourcing Accelerates Time to Market

Partnering with a provider like Fiskil enables your team to:

• Go live in weeks, not months
  Our platform is built for rapid deployment with pre-built integrations and testing environments.

• Skip the standards deep dive
  We monitor regulatory updates, schema changes, and certification requirements so you don’t have to.

• Focus on your product, not plumbing
  Your engineers should be building features, not wrangling schema validation or rate-limiting retries.

It’s Not Just About APIs

Open banking infrastructure is more than a REST endpoint. A robust solution must handle:

• Authentication flows (such as OAuth2 and consent management)
• Schema validation and error handling
• Rate limiting and throttling logic
• High availability and observability
• Security best practices, including data encryption, audit logs, and role-based access control

These aren’t nice-to-haves. They’re table stakes for regulatory compliance and developer experience. Fiskil’s infrastructure is built from the ground up to meet and exceed these standards.

The Strategic Upside

By outsourcing, you're not just reducing overhead. You're:

• De-risking compliance
  With automated updates and a team monitoring global regulatory changes, you stay one step ahead.

• Improving reliability and scalability
  Fiskil is built to handle thousands of simultaneous connections with industry-grade uptime.

• Unlocking operational focus
  Free your internal teams to innovate where it counts: customer experience, data insights, and product differentiation.

Build Differentiation, Buy Infrastructure

In the open banking era, your competitive edge won’t come from building standards-compliant APIs. It’ll come from how you use open data to delight customers and create value.

Outsourcing your open banking infrastructure lets you skip the boilerplate and go straight to what matters: building better financial products.

Ready to outsource your open banking infrastructure?

Talk to Fiskil. We power global-ready, standards-compliant data sharing infrastructure so you can build with confidence.