Open banking is rapidly transforming the financial services landscape, compelling banks and fintechs to open up their data and services through secure APIs. This shift is not just a regulatory requirement—it’s a catalyst for innovation, customer-centricity, and new business models. Yet, the journey to open banking is complex, requiring rapid adaptation to evolving standards, robust security, and seamless integration with legacy systems. Low code and no code platforms are emerging as powerful enablers, helping organizations accelerate their open banking strategies while reducing cost, risk, and time-to-market.
Open banking regulations are driving financial institutions to provide third-party access to customer data and payment services, with customer consent. This is unlocking new opportunities for collaboration, competition, and value creation. However, compliance demands agility: banks must quickly develop, test, and deploy APIs, ensure data privacy, and maintain a high standard of security. Traditional software development approaches can be slow and resource-intensive, making it difficult to keep pace with regulatory timelines and market expectations.
Low code and no code platforms offer a visual, drag-and-drop approach to application and API development. By abstracting much of the underlying complexity, these platforms empower both technical and business users to build, modify, and deploy solutions rapidly. For open banking, this means:
Open banking is not just about meeting regulatory requirements—it’s about unlocking new value for customers. Low code/no code platforms enable banks and fintechs to:
Many financial institutions are held back by aging, monolithic core banking systems that are costly to maintain and difficult to integrate. Low code/no code platforms help bridge this gap by enabling modular, cloud-native architectures. This approach allows banks to decouple critical functions from legacy cores, migrate incrementally, and integrate seamlessly with fintechs and ecosystem partners. The result is greater agility, scalability, and resilience—key attributes for thriving in the open banking era.
To maximize the benefits of low code/no code in open banking, organizations should:
At Publicis Sapient, we see low code/no code as a strategic accelerator for open banking transformation. By combining deep industry expertise with modern engineering practices, we help financial institutions harness these platforms to achieve rapid compliance, drive innovation, and create new sources of value. Our approach integrates strategy, product, experience, engineering, and data to deliver end-to-end transformation—from ecosystem strategy and API management to platform modernization and partnership enablement.
The future of open banking belongs to those who can move fast, adapt continuously, and put the customer at the center of every decision. Low code/no code is a key enabler on this journey, helping banks and fintechs not only meet regulatory requirements but also lead the market in customer experience, innovation, and growth.
Ready to accelerate your open banking strategy? Discover how Publicis Sapient can help you leverage low code/no code for compliance and innovation.