Charles Schwab use case
Using Open Banking for real time portfolio balances
About Charles Schwab
The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc., offers investment services and products, including Schwab brokerage accounts.
What's the Open Banking use case?
The Open Banking API allows customers, through their Schwab account relationships, to provide access to their financial data. The API integration with Charles Schwab aims to offer access to client-permissioned financial account data to various services providers. The data should help Fintech firms and financial institutions with offering better asset management, payments, and lending services.