NAB, CIBC, Itaú Unibanco and NatWest Group have joined forces with Amazon Web Services to run a global open finance challenge, inviting fintechs, universities and other large organisations to prototype and develop new digital banking services.

The banks have collaborated with Oolys, an API infrastructure platform for financial service providers, to develop a sandbox environment that securely runs on AWS. This environment replicates a bank’s existing infrastructure, enabling rapid testing with third parties in a safe and secure environment.

Full story at Finextra

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