Bank API Security Explained: Protecting Your Financial Data
0Bank API Security 👉 Discover how bank APIs keep your financial data safe! Explore secure authentication, encryption, consent controls, and regulations like PSD2 that safeguard your information from cyber threats. Stay informed and in control of your banking privacy with this easy ‘How It Works’ tech explainer.
00:00 🔹 Understanding Bank APIs and Data Security
00:36 🔹 Secure Authentication: Who Can Access Your Data?
01:09 🔹 Encryption: Protecting Data in Transit and at Rest
01:44 🔹 Consent and Access Controls: You’re in Charge
02:17 🔹 Ongoing Monitoring and Regulatory Compliance
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📌 Financial Technology (FinTech) Mechanics 🔸 Open Banking and API Ecosystems 🔸 How Bank API Security Standards Protect Your Financial Data