CA Technologies announced that it is partnering with Swisscom in a strategic alliance to create an innovative Open Banking Hub. Swisscom is standardizing on the CA Technologies API Management portfolio to create a simple, secure interface that connects financial institutions with third-parties, including fintech start-up companies. The Swisscom Open Banking Hub enables unprecedented opportunities for collaboration between banks and third-parties, inspiring the rapid, secure development of innovative new services and customer experiences that drive business growth. Open banking has arisen from new legislation that gives financial providers secure access to customer information via APIs (application programming interfaces), which import the data they hold into third-party applications and services. It represents a significant shift in the way both consumers and businesses bank, enabling the development of a wider range of personalized services and increased competition in the market. With the Swisscom Open Banking Hub, financial institutions and third-parties do not need to worry about infrastructure issues and challenges such as security, performance, availability and transparency. Everything in the Hub is available as a service, ensuring that Hub users maintain the focus on developing future services, helping them remain competitive and compliant. Swisscom and CA Technologies plan to extend the initiative to start-ups in other sectors, such as MedTechs, InsureTechs, GovTechs, and RenTechs. The CA API Gateway enables Swisscom to selectively open data and applications through the Hub to third-party developers driving innovation, customer satisfaction and increased efficiency. Security is managed centrally, traffic can be prioritized to help ensure APIs remain available and responsive, and a variety of deployment models ensure support for a wide range of platforms, including Docker, AWS and Azure. This full lifecycle API management is also a critical requirement for open banking.