As the financial services landscape rapidly evolves, open banking has emerged as both a regulatory imperative and a catalyst for innovation. Banks and financial institutions are under increasing pressure to comply with open banking mandates, which require secure, standardized data sharing and seamless integration with third-party providers. At the same time, they must deliver new, customer-centric products at unprecedented speed. Low code/no code (LCNC) platforms are proving to be a game-changer in this environment, enabling organizations to accelerate compliance and unlock new opportunities for digital transformation.
Open banking regulations are reshaping the industry by mandating that banks provide secure access to customer data through APIs. This shift is driving a need for rapid technology adoption, robust data governance, and agile product development. Traditional software development approaches, however, can be slow, resource-intensive, and ill-suited to the pace of regulatory change and market demand. Technology leaders and business executives are seeking solutions that allow them to meet compliance deadlines while also fostering innovation.
Low code/no code platforms empower banks to build, test, and deploy applications with minimal hand-coding. These platforms offer visual development environments, reusable components, and pre-built integrations, dramatically reducing the time and technical expertise required to launch new solutions. For open banking, this means:
Publicis Sapient has worked with leading financial institutions to harness the potential of LCNC platforms in their open banking journeys. Through these engagements, several key benefits have emerged:
Banks facing aggressive regulatory deadlines have leveraged LCNC solutions to automate the creation and management of open banking APIs. By using pre-configured modules for authentication, consent management, and data sharing, institutions have been able to achieve compliance in a fraction of the time required by traditional development. This not only reduces operational risk but also frees up resources to focus on value-added innovation.
With compliance as a foundation, banks are using LCNC platforms to rapidly develop new digital products and services. For example, customer onboarding journeys, personalized financial dashboards, and third-party integrations can be built and iterated upon with minimal coding. This approach allows banks to experiment with new offerings, gather customer feedback, and refine experiences in real time—driving higher engagement and loyalty.
LCNC platforms break down silos between business and technology teams. Product owners, compliance officers, and developers can work together in a shared environment, visualizing workflows and making changes on the fly. This collaborative model accelerates decision-making and ensures that solutions are aligned with both regulatory requirements and customer needs.
Publicis Sapient’s experience in digital business transformation has shown that successful adoption of LCNC for open banking requires more than just technology. It involves:
By guiding clients through these dimensions, Publicis Sapient has helped banks not only meet open banking mandates but also establish a foundation for ongoing digital innovation.
As open banking continues to evolve, the ability to move quickly and innovate will be a key differentiator. Low code/no code platforms are enabling banks to shift from a compliance-driven mindset to one of continuous improvement and customer-centricity. By reducing barriers to development and fostering a culture of experimentation, LCNC is helping financial institutions turn regulatory challenges into opportunities for growth.
For technology leaders and business executives, the message is clear: embracing low code/no code is not just about meeting today’s open banking requirements—it’s about building the agility and resilience needed to thrive in the digital future. Publicis Sapient stands ready to partner with organizations on this journey, combining deep industry expertise with proven LCNC strategies to accelerate both compliance and innovation.