FAPI & Financial-grade APIs
Delve into the Financial-grade API (FAPI) security profile, designed for highly sensitive data and regulatory compliance.
What is FAPI?
Welcome to a dive into Financial-grade API (FAPI)! FAPI isn't a new protocol, but a security profile built on top of OAuth2 and OpenID Connect.
It's designed for applications that handle highly sensitive data, especially in the financial sector. Think online banking, payment initiation, or sharing account information securely.
Why Financial-Grade?
Standard OAuth2 and OpenID Connect are flexible, but this flexibility can expose vulnerabilities when dealing with critical financial data.
FAPI introduces stricter rules and mandatory security mechanisms to ensure a higher level of trust and protection. It's about 'security by design' for high-risk scenarios.