CryptoNewsBreaks – The Open Bank Project Announces Collaboration with Red Hat Related to New Banking API

October 22, 2018 12:47:53

The Open Bank Project, the leading open source API solution for banks, in collaboration with Red Hat, the world’s leading provider of open source solutions, yesterday announced a new API dedicated to the banking and financial services sector. “We are delighted to work with Red Hat to help banks accelerate their Open Banking journey,” Simon Redfern, CEO and founder of the Open Bank Project, stated in the news release. “Red Hat and TESOBE share a strong commitment to open source and I’m excited to see these technologies working together. The collaboration we have today can offer a valuable opportunity for banks to help reap the benefits of Open Banking.” The Open Bank Project, led by Berlin-based software firm TESOBE, aims to address regulatory hurdles while leveraging an ecosystem of third-party apps and services to enhance and enrich the customer experience.

To view the full press release, visit


TESOBE is the Berlin-based software company behind the Open Bank Project, the leading open source API and App store for banks, empowering financial institutions to securely and rapidly enhance their digital offerings. TESOBE assists banks in executing effective API strategies by providing a proven API technology platform supported by an active community of developers and partners. TESOBE consults banks on API strategy, integration, digital transformation and associated regulation, as well as runs hackathons and other innovation programs for banks. For more information about the Open Bank Project, visit

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