NEW YORK, May 21, 2019 (GLOBE NEWSWIRE) -- Enterprise Engineering, Inc. (EEI), an industry leader and trusted advisor to the financial services industry, today announced it has expanded its Open Banking services offerings to include an Open Banking Readiness Assessment designed to help organizations innovate, improve security and consumer protection, advance time-to-market capabilities, and prepare for the uncertainty of future government regulation.
“The market is moving quickly to enrich customer experiences and optimize consumer loyalty, confidence and insight-driven decision making. This requires advanced data sharing capabilities, and to get there firms will need to ensure their customer data channels leverage industry standards around security and data privacy,” says Tim Klemmer, Head of Open Banking Technology at EEI.
EEI has developed its Open Banking Readiness Assessment based on its highly-regarded Improvement Opportunity Scan (IOS) methodology designed to assist clients in achieving rapid transformational change. Our approach includes a framework based on standards that incorporate use case analysis, platform & technology readiness, API integration, security & authentication and an industry peer benchmark review. The results serve as a roadmap to enable rapid secure consumer data sharing.
EEI is an active member of the financial services community and is a copyright holder of the Open Financial Exchange (OFX) Consortium. EEI has been an active member of OFX, and the FS-ISAC consortiums and is now a member of the Financial Data Exchange (FDX) consortium which recently launched the FDX API. We have extensive subject matter expertise on staff working with leading banks on OFX, FS-ISAC and FDX API enablement. Financial institutions that can quickly respond and adapt to these emerging open banking standards are well positioned to improve customer loyalty via innovative client products and services. For more information, including upcoming webinars, please contact EEI at info@joineei.com.
About Enterprise Engineering Inc.
EEI has been a trusted advisor to the financial services industry since 1995. We work with financial institutions to securely and reliably connect clients to their accounts through any-and-all delivery channels. Explosive growth in Open Banking technology, standards and new government regulations has created tremendous opportunity and challenges for financial institutions and industry counterparties. As financial data sharing evolves, providing secure data channels that benefit consumers has created new drivers for financial institutions, regulators and fintech firms. Our goal is to help firms answer those challenges and continue to build and improve on leading-edge solutions that offer secure, competitive advantages to our customers. Among other industry recognition, EEI was recently named “20 Most Promising Big Data Solutions” by CIO Review and “Best Global Financial Solutions Provider of the Year” by M&A Today: Global Awards. We were also named a “Leading Provider of Financial Services Technology Solutions” by Wealth and Finance. For more information, please visit https://www.joineei.com.
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