WSO2 has released several technology developments designed to help the financial industry meet the regulatory requirements of the General Data Protection Regulation (GDPR), which will be implemented on 25 May.
According to WSO2, the developments will also enhance its long-term growth potential through new services and greater efficiency.
The programmes and toolkits, announced in WSO2's Spring 2018 Release, include new features and updates across all products, solutions, and services.
Among these are additions to WSO2's identity access management (IAM), application programming interface (API) management, enterprise integration and analytics offerings.
The consent management and privacy toolkit in WSO2 Identity Server has been designed to enable data controllers to accelerate their organisation's GDPR compliance.
While WSO2 Enterprise Integrator enables connections and data transformations across legacy systems, solutions as a service applications, services, and APIs.
The WSO2 Stream Processor, formerly named WSO2 Data Analytics Server, allows organisations to derive insights with available data.
WSO2 stated that its open banking for financial firms, which launched in August 2017, will also assist firms compliance with both GDPR and the European Union's second Payment Services Directive.
WSO2 said: “The programmes are designed to ensure the security and privacy of personal data throughout the processes of collection, processing, storage, and destruction, in line with GDPR requirements.”
