The open banking industry is founded on the principle of interoperability, which is being advanced by forthcoming rulemaking from the CFPB. And while building an API is the first step of the journey, ensuring they are efficient, easy to use and secure involves additional steps.

To help you get it right, Mastercard recently launched the Mastercard Developer Hub for FDX APIs, a resource center designed to support organizations on their journey to build open banking APIs based on API standards from the Financial Data Exchange (FDX).