Open Banking And Api Standards In Payment Systems Training Course

Introduction

Transform your payment systems with our essential Open Banking and API Standards in Payment Systems Training Course. This program explores the policy implications of open banking and the use of APIs for data sharing and service integration, ensuring your institution can effectively navigate the evolving financial landscape. In an era where open banking is reshaping financial services, mastering API standards and data governance is crucial for central banks seeking to enhance payment system efficiency and foster innovation. Our central bank open banking training course provides in-depth knowledge and practical applications, empowering you to implement robust open banking frameworks.

This Open Banking and API Standards in Payment Systems training delves into the core components of open banking, covering topics such as API security, data governance, and ecosystem development. You’ll gain expertise in using industry-leading tools and techniques to Open Banking and API Standards in Payment Systems, meeting the demands of contemporary financial infrastructure. Whether you’re a payment systems expert, technology officer, or policy researcher within a central bank, this Open Banking and API Standards in Payment Systems course will empower you to drive strategic open banking initiatives and optimize payment system outcomes.

Target Audience:

• Payment Systems Experts (Central Banks)
• Technology Officers (Central Banks)
• Policy Researchers (Central Banks)
• Data Governance Specialists (Central Banks)
• IT Security Auditors (Central Banks)
• Legal Counsel (Central Banks)
• FinTech Analysts (Central Banks)

Course Objectives:

• Understand the fundamentals of Open Banking and API Standards in Payment Systems.
• Master the policy implications of open banking and API usage.
• Utilize API standards for data sharing and service integration.
• Implement robust API security measures for payment systems.
• Design and build data governance frameworks for open banking.
• Optimize methodologies for ecosystem development in open banking.
• Troubleshoot and address common challenges in open banking implementation.
• Implement strategies for enhancing interoperability and data security.
• Integrate open banking standards with existing payment infrastructure.
• Understand the technological and regulatory foundations of open banking.
• Explore emerging trends in open banking and API standards.
• Apply real world use cases for open banking in payment systems in central banking.
• Leverage API management and security tools for efficient implementation.

Duration

10 Days

Course content

Module 1: Introduction to Open Banking and API Standards

• Fundamentals of Open Banking and API Standards in Payment Systems.
• Overview of open banking and API usage in payment systems.
• Setting up a framework for open banking implementation.
• Introduction to API security, data governance, and ecosystem development.
• Best practices for open banking implementation initiation.

Module 2: Policy Implications of Open Banking

• Mastering the policy implications of open banking and API usage.
• Implementing frameworks for data sharing and service integration.
• Utilizing policy strategies for promoting innovation and competition.
• Designing and building open banking policy frameworks.
• Best practices for open banking policy development.

Module 3: API Standards for Data Sharing

• Utilizing API standards for data sharing and service integration.
• Implementing RESTful APIs and JSON data formats.
• Utilizing OAuth 2.0 and OpenID Connect for secure authentication.
• Designing and building API integration strategies.
• Best practices for API standard implementation.

Module 4: API Security Measures

• Implementing robust API security measures for payment systems.
• Utilizing API gateways and security policies.
• Implementing rate limiting and threat detection mechanisms.
• Designing and building API security frameworks.
• Best practices for API security.

Module 5: Data Governance Frameworks

• Designing and build data governance frameworks for open banking.
• Utilizing data privacy and consent management.
• Implementing data quality and compliance standards.
• Designing and building data governance strategies.
• Best practices for data governance.

Module 6: Ecosystem Development

• Optimizing methodologies for ecosystem development in open banking.
• Utilizing developer portals and API documentation.
• Implementing strategies for partner onboarding and collaboration.
• Designing and building ecosystem development plans.
• Best practices for ecosystem development.

Module 7: Troubleshooting Open Banking Implementation Challenges

• Troubleshooting and addressing common challenges in open banking implementation.
• Analyzing interoperability and security issues.
• Utilizing problem-solving techniques for resolution.
• Resolving common data sharing and API integration problems.
• Best practices for issue resolution.

Module 8: Enhancing Interoperability and Data Security

• Implementing strategies for enhancing interoperability and data security.
• Utilizing standardized APIs and data formats.
• Implementing secure data transmission and storage techniques.
• Designing and building interoperability and security frameworks.
• Best practices for interoperability and security.

Module 9: Integration with Existing Infrastructure

• Integrating open banking standards with existing payment infrastructure.
• Utilizing APIs for seamless integration and data exchange.
• Implementing strategies for legacy system modernization.
• Designing and building integration models.
• Best practices for system integration.

Module 10: Technological and Regulatory Foundations

• Understanding the technological and regulatory foundations of open banking.
• Utilizing API management platforms and security protocols.
• Implementing legal frameworks for data sharing and privacy.
• Designing and building robust theoretical frameworks.
• Best practices for foundational understanding.

Module 11: Emerging Trends in Open Banking

• Exploring emerging trends in open banking and API standards.
• Utilizing AI-driven API management and data analytics.
• Implementing decentralized finance (DeFi) integration.
• Designing and building future-proof open banking systems.
• Optimizing advanced open banking applications.
• Best practices for innovation in open banking.

Module 12: API Management and Security Tools

• Leveraging API management and security tools for efficient implementation.
• Utilizing API gateways and developer portals.
• Implementing security information and event management (SIEM) tools.
• Designing and building automated API workflows.
• Best practices for tool implementation.

Module 13: Monitoring and Metrics

• Implementing open banking project monitoring and metrics.
• Utilizing API performance and security KPIs.
• Designing and building performance dashboards.
• Optimizing monitoring for real-time insights.
• Best practices for monitoring.

Module 14: Future of Open Banking

• Emerging trends in open banking technologies and frameworks.
• Utilizing AI-driven API management and data analytics.
• Implementing decentralized open banking models.
• Best practices for future open banking management.

Module 15: Security Automation in Open Banking Systems

• Automating security tasks within open banking systems.
• Implementing policy-as-code for compliance checks.
• Utilizing automated vulnerability scanning for API data.
• Best practices for security automation within open banking systems.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.