OpenFSI

OpenFSI (Open Financial Services Interface) is an open, standardized platform that enables different financial service applications to communicate seamlessly. It provides a common framework and set of rules so that diverse banking, payment, and finance systems can share data and work together efficiently. This interoperability helps improve service delivery, reduce costs, and foster innovation by allowing developers to create new financial tools that easily connect with existing systems. Essentially, OpenFSI acts as a universal translator for financial technology, making it easier for various financial services to interact and operate smoothly.