As the dust starts to settle on the implementation projects related to PSD2 in the European Economic Area, it's time to reflect on what is happening with the move to open banking and ask, what has it given us so far - and is it really just about payments?
Open Banking, Open Banking Platforms, Open API's, ecosystem, Open Banking Provider
What factors are driving innovation in open banking? Can the platform economy really work for the banking industry?
The future of banking lies in open banking. Open banking increases the usability of your accounts and increases its value. Its aim is to make the world of banking more open and accessible - making payments, borrowing money and saving money can all be simplified.
How do wealth managers innovate today? How are private banks and wealth managers tackling innovation? How are they adapting their business and operating models to the challenges of today’s digital world? Our infographic summarizes interesting insights from a research on international wealth management institutions conducted by the International Data Corporation (IDC).
Accenture has estimated that by 2020, €61 billion or about 7% of all banking revenue in Europe will be associated with Open Banking enabled activities in some shape or form. This trend represents a remarkable opportunity for the fleet-footed to capitalise on the opportunities that it presents.