OPEN BANKING & OPEN FINANCE TRAINING COURSE

COURSE OVERVIEW

Open Banking & Open Finance Training Course is a comprehensive professional programme designed to equip banking executives, FinTech professionals, regulators, digital transformation managers, compliance officers, technology specialists, product managers, risk professionals, and financial-service leaders with the knowledge and practical skills required to understand, implement, govern, and manage Open Banking and Open Finance ecosystems. The course explores how secure data sharing, application programming interfaces (APIs), digital identity, customer consent, embedded finance, account aggregation, payment innovation, and financial-data portability are transforming the banking and financial-services industry.

The programme provides a strategic understanding of Open Banking regulation, Open Finance frameworks, API banking, API security, financial data sharing, customer-permission management, data privacy, cybersecurity, digital payments, account information services, payment initiation services, embedded finance, Banking-as-a-Service (BaaS), FinTech partnerships, interoperability, and ecosystem governance. Participants will examine the opportunities and challenges created by increased collaboration between traditional banks, FinTech companies, payment providers, technology platforms, telecommunications companies, and other financial ecosystem participants.

Participants will develop practical competencies in Open Banking strategy, Open Finance business models, API management, API security, consent management, customer authentication, data governance, cybersecurity, third-party risk management, regulatory compliance, financial inclusion, product innovation, digital customer experience, data analytics, partnership management, and platform economics. The training emphasizes responsible data sharing, customer protection, competitive innovation, operational resilience, and sustainable digital-finance transformation.

Through practical exercises, industry case studies, API ecosystem scenarios, strategic workshops, regulatory simulations, and group assignments, participants will develop an Open Banking & Open Finance Implementation Roadmap. The course enables organizations to identify new revenue opportunities, improve customer experience, strengthen data governance, build strategic FinTech partnerships, enhance digital financial services, support financial inclusion, and establish secure and compliant open-finance ecosystems.

COURSE OBJECTIVES

By the end of the training, participants will be able to:

1. Explain the principles, evolution, and strategic importance of Open Banking and Open Finance.
2. Identify emerging Open Banking business models and ecosystem opportunities.
3. Develop effective Open Banking and Open Finance strategies.
4. Understand API banking architecture, integration, and management.
5. Strengthen customer consent, authentication, data-sharing, and privacy controls.
6. Assess Open Banking cybersecurity, operational, regulatory, and third-party risks.
7. Design customer-centric Open Banking products and digital financial services.
8. Develop effective FinTech, bank, payment-provider, and technology partnerships.
9. Apply data analytics, embedded finance, and platform strategies to Open Finance.
10. Develop an actionable Open Banking & Open Finance Implementation Roadmap.

ORGANIZATION BENEFITS

1. Strengthens digital banking and Open Finance capabilities.
2. Creates new opportunities for financial products and revenue generation.
3. Improves customer experience and personalization.
4. Strengthens API governance and secure data sharing.
5. Enhances regulatory and data-protection compliance.
6. Improves collaboration with FinTech and technology partners.
7. Supports financial inclusion and wider access to financial services.
8. Strengthens cybersecurity and third-party risk management.
9. Enables development of innovative embedded-finance solutions.
10. Builds organizational readiness for the future of digital financial services.

TARGET PARTICIPANTS

This course is designed for Banking Executives, Digital Banking Managers, FinTech Executives, Open Banking Managers, Chief Information Officers, Chief Technology Officers, Product Managers, Innovation Managers, Compliance Officers, Risk Managers, Data Protection Officers, Cybersecurity Professionals, API Developers and Architects, Payment Service Providers, Financial Regulators, Business Analysts, Digital Transformation Managers, Strategy Managers, Customer Experience Professionals, Financial Analysts, and senior professionals working in banks, FinTech companies, insurance companies, telecommunications companies, payment institutions, microfinance institutions, and other financial-service organizations.

COURSE OUTLINE

MODULE 1: OPEN BANKING & OPEN FINANCE FUNDAMENTALS

1. Evolution and principles of Open Banking
2. From Open Banking to Open Finance ecosystems
3. Open Banking stakeholders and ecosystem architecture
4. Benefits, opportunities, and strategic challenges
5. Financial data portability and customer ownership
6. Global Open Banking and Open Finance trends
   General Case Study: A traditional bank seeks to transition from a closed banking model to an open ecosystem by partnering with FinTech companies. Participants identify strategic opportunities, risks, and required capabilities.

MODULE 2: OPEN BANKING STRATEGY & BUSINESS MODELS

1. Developing an Open Banking strategy
2. Open Banking value propositions and revenue models
3. Banking-as-a-Service and platform banking
4. Embedded finance and Banking-as-a-Platform
5. FinTech partnerships and ecosystem development
6. Measuring Open Banking business performance
   General Case Study: A commercial bank plans to provide its banking infrastructure to FinTech companies through APIs. Participants develop a strategic business model covering revenue, partnerships, risk, and customer value.

MODULE 3: APIs, DATA SHARING & TECHNOLOGY ARCHITECTURE

1. API banking fundamentals and architecture
2. API lifecycle management and governance
3. Secure financial-data exchange and interoperability
4. Account information and payment initiation services
5. API performance, availability, and scalability
6. API monitoring, testing, and operational resilience
   General Case Study: A bank experiences API reliability problems after connecting several FinTech applications. Participants assess the API architecture and develop an API governance and operational-resilience framework.

MODULE 4: CUSTOMER CONSENT, DATA GOVERNANCE & SECURITY

1. Customer consent and permission management
2. Digital identity and strong customer authentication
3. Data privacy and financial-data protection
4. Cybersecurity in Open Banking ecosystems
5. Third-party access and data-sharing controls
6. Data governance, quality, and accountability
   General Case Study: Customers complain that third-party applications are accessing their financial information without clear understanding of permissions. Participants develop a customer-consent, authentication, privacy, and data-governance framework.

MODULE 5: REGULATION, RISK & FINANCIAL INCLUSION

1. Open Banking regulatory frameworks
2. Regulatory compliance and consumer protection
3. Third-party and FinTech ecosystem risk
4. Operational, cyber, fraud, and financial risks
5. Open Finance and financial inclusion
6. Regulatory reporting and supervisory expectations
   General Case Study: A regulator introduces Open Banking requirements while financial institutions are concerned about cybersecurity, consumer protection, and third-party risks. Participants develop a risk-based regulatory implementation approach.

MODULE 6: OPEN FINANCE INNOVATION & IMPLEMENTATION

1. Open Finance product and service innovation
2. Embedded finance and personalized financial services
3. Artificial intelligence, analytics, and Open Finance
4. Customer experience and digital financial journeys
5. Open Banking performance measurement and dashboards
6. Developing an Open Banking & Open Finance Implementation Roadmap
   General Case Study: A financial institution wants to use Open Finance data to provide personalized lending, insurance, investment, and payment solutions. Participants design an integrated Open Finance innovation and implementation roadmap.

GENERAL INFORMATION

1. Customized Training: All our courses can be tailored to meet the specific needs of participants.
2. Language Proficiency: Participants should have a good command of the English language.
3. Comprehensive Learning: Our training includes well-structured presentations, practical exercises, web-based tutorials, and collaborative group work. Our facilitators are seasoned experts with over a decade of experience.
4. Certification: Upon successful completion of training, participants will receive a certificate from Foscore Development Center (FDC-K).
5. Training Locations: Training sessions are conducted at Foscore Development Center (FDC-K) centers. We also offer options for in-house and online training, customized to the client's schedule.
6. Flexible Duration: Course durations are adaptable, and content can be adjusted to fit the required number of days.
7. Onsite Training Inclusions: The course fee for onsite training covers facilitation, training materials, two coffee breaks, a buffet lunch, and a Certificate of Successful Completion. Participants are responsible for their travel expenses, airport transfers, visa applications, dinners, health/accident insurance, and personal expenses.
8. Additional Services: Accommodation, pickup services, flight booking, and visa processing arrangements are available upon request at discounted rates.
9. Equipment: Tablets and laptops can be provided to participants at an additional cost.
10. Post-Training Support: We offer one year of free consultation and coaching after the course.
11. Group Discounts: Register as a group of more than two and enjoy a discount ranging from 10% to 50%.
12. Payment Terms: Payment should be made before the commencement of the training or as mutually agreed upon, to the Foscore Development Center account. This ensures better preparation for your training.
13. Contact Us: For any inquiries, please reach out to us at training@fdc-k.org or call us at +254712260031.
14. Website: Visit our website at www.fdc-k.org for more information.