Recently, the “2023 SecGo Cloud and Software Security Conference” was successfully held in Beijing, which was jointly sponsored by the China Academy of Information and Communications Technology (“CAICA”) and the China Communications Standards Association. The CAICA released the latest evaluation results of API security series at the conference. IB’s Open Banking Platform passed the maturity assessments of API on security management maturity and security capability, becoming the first bank in mainland China to obtain the advanced (highest) certification for such evaluation.
It is reported that the management maturity assessment of API security tests the security management capabilities of API products from six aspects: development, testing, release, operation and maintenance, iteration, and offline. The capability maturity assessment of API security tests the operation and maintenance capabilities of API security from four aspects: asset management, security monitoring, security protection, and API auditing. Passing these two assessments indicates that IB’s Open Banking Platform has already had the industry-leading security capabilities in China.
IB is one of the entities meeting the standards of national financial industry —Specifications of Commercial Banks on the Secure Management of Application Programming Interface (JR/T0185-2020), and also one of the first commercial banks to pass the certification for financial technology products by the People’s Bank of China (commercial banks’ application programming interfaces). In recent years, IB has been deeply implementing the strategy of “developing IB through science and technology”, which accelerated digital transformation comprehensively and actively “developed the ability to connect everything and created the best bank of ecology-empowerment” to continuously achieve new results in the field of open banking construction.
As a bridge that integrates financial services and ecological scenarios, IB’s Open Banking Platform relies on the “building block-like” ability of rapid scenario financial solutions to break industry barriers, provides partners with “finance plus technology” services, and builds a new scenario financial ecosystem. Since the introduction of the platform, IB has attached equal importance to the “openness” and the “security”. While creating an open scenario, it has implemented full lifecycle API security management in open banking, continuously improved the capability of security protection, and provided safe and convenient ecology-empowerment services for enterprises stationed on the platform.
By the end of July 2023, IB has cumulatively built more than 2,000 APIs, covering various ecological scenarios such as education, medical care, housing construction, supply chain, inclusive finance, and life services, with the access to more than 7,000 ecological partners.