Regulators are increasingly enacting standards for open banking, the process for banks and other financial institutions to give customers and third parties easy digital access to their financial data. The number of APIs related to financial services is already growing, and financial institutions will create additional value by providing and accessing open APIs to share and consume data. Financial technology companies continue to enter the market with related financial services applications. Using the Financial Modeling solutions at AWS, banks have secure access and instant availability of open APIs, enabling them to build trust and maintain customer loyalty.

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