Definition: A framework that enables secure, API-based sharing of banking data and payment initiation between financial institutions and authorized third parties, improving real-time access and automation.
Example: Allowing third-party service providers to access financial data drives innovation in service delivery and solution tailoring, but may also pose risks to data privacy and security.
Explore IVP Cash Management
The IVP Cash Management Solution supports the open banking framework. This buy-side platform centralizes and automates cash settlements, balance monitoring, and payment workflows across banks, funds, and counterparties. By replacing manual processes with configurable, straight-through automation, it gives firms real-time visibility, stronger controls, and greater confidence in every cash movement.
