Open Banking has become essential infrastructure for many digital financial services. Crypto exchanges, fintech platforms, compliance providers, lending services, and payment focused projects all rely on user authorized financial data to operate safely and efficiently.
Yet most Open Banking systems today were designed for a much earlier internet era. They depend on platform specific APIs, centralized permissions, and slow integration processes. As financial services expand across jurisdictions and technology stacks, these limitations become increasingly visible.
zkMe introduces zkOBS, an Open Banking service powered by zkTLS, designed to support modern financial projects that require flexibility, privacy, and scale.
zkMe
What zkOBS Is and Why It Exists
zkOBS is zkMe's Open Banking Service.
It allows projects to retrieve and verify user financial information in a privacy preserving way.
Instead of relying on traditional Open Banking APIs, zkOBS uses zkTLS to securely access data directly from HTTPS supported platforms. This process only happens with clear and explicit user authorization.
The core goal of zkOBS is simple:
Prove where data comes from, while keeping users in control of how that data is shared.
This makes zkOBS especially relevant for projects operating in areas such as crypto exchanges, digital asset custody, fintech onboarding, compliance automation, and cross border financial services.
The Limitations of Traditional Open Banking
To understand why zkOBS matters, it helps to look at how traditional Open Banking works today.
Most Open Banking integrations require projects to connect directly with banks or data providers. This often means confirming API availability, negotiating access terms, and completing long technical integrations. Each new data source increases complexity and delays product launches.
At the same time, data access permissions are largely controlled by the platform, not the user. Users can only authorize what the platform chooses to expose. This creates a rigid system that limits flexibility and innovation.
For projects, the result is higher costs, longer integration cycles, and difficulty scaling across markets.
How zkOBS Changes the Open Banking Model
zkOBS introduces a different approach.
With zkTLS, financial data can be retrieved from almost any platform that supports HTTPS, without requiring a dedicated Open Banking API. This removes the need for direct partnerships between projects and data platforms.
More importantly, data access is user authorized and user controlled. Users decide whether data can be retrieved and how it can be shared. Projects receive only what the user has approved.
Instead of trusting intermediaries or storing large amounts of sensitive information, projects verify cryptographic proof that the data is authentic and untampered. This shifts Open Banking from a trust based model to a verification based model.
zkTLS Is the Foundation of zkOBS
This shift is made possible by zkTLS.
zkTLS allows zkOBS to prove that data originates from a specific platform and that it has not been altered during transmission. All of this happens without exposing unnecessary information.
As a result, projects can verify financial conditions without directly handling raw user data. This reduces privacy risks and simplifies compliance obligations.
Equally important, zkTLS enables a unified integration model. One integration with zkOBS can support multiple data sources, allowing projects to expand without repeating the same technical work.
From Integration Challenges to Scalable Growth
Because zkOBS removes dependence on single platform APIs, projects can move faster. Integration timelines are shorter, and expansion into new markets becomes more predictable.
Costs are also reduced. Fewer platform negotiations mean less legal overhead. Unified technical integration means less engineering effort. Clear data ownership boundaries reduce compliance friction.
At the same time, scalability improves. A single zkOBS integration can support multiple data sources through the same workflow. This makes zkOBS well suited for projects that operate across banks, regions, and financial platforms.
Addressing Privacy and Responsibility
While zkOBS significantly improves privacy, it is not a black box.
Some projects still require access to raw financial data to support their business logic. zkOBS allows this when necessary, but it also enables a more privacy conscious alternative. Projects can choose to verify outcomes or conditions instead of collecting full datasets.
This flexibility allows projects to balance user privacy, regulatory requirements, and operational needs, rather than forcing a one size fits all model.
What zkMe zkOBS Delivers for Financial Projects
By combining zkTLS with a user controlled data model, zkOBS provides clear benefits:
- Faster integration by removing dependence on a single platform API
- Lower costs through reduced business, technical, and compliance friction
- Stronger scalability with one integration supporting multiple data sources through a unified approach
- Clearer responsibility boundaries as data ownership remains with the user
- A modern Open Banking architecture built for digital asset platforms, fintech services, and onchain connected financial products
A New Direction for Open Banking
Open Banking is moving beyond simple data access. It is becoming infrastructure for trust, verification, and user sovereignty.
zkOBS represents this shift. It replaces platform controlled data sharing with user authorized verification, and it allows financial projects to scale without sacrificing privacy or security.
Ready to unleash the power of Zero-Knowledge Open Banking Service? Contact zkMe now!
As financial services continue to evolve across traditional and decentralized systems, zkOBS offers a practical and future ready Open Banking foundation.
About zkMe
zkMe provides protocols and oracle infrastructure for the compliant, self-sovereign, and private verification of Identity and Asset Credentials.
It is the only decentralized solution capable of performing FATF-compliant CIP, KYC, KYB, and AML checks natively onchain, without compromising the decentralization and privacy ethos of Web3.
By combining zero-knowledge proofs with advanced encryption and cross-chain interoperability, zkMe enables verifiable identity and compliance data to remain entirely under the user's control. This ensures that sensitive information never leaves the user's device while maintaining regulatory-grade assurance for partners and protocols.
