Open Banking - Thematic Research | Technology Market Research

Financial Services

Report Summary

Regulatory and technological developments are driving the introduction of open banking, where consumers will have the power to grant third parties the right to access their account and transaction data.
Open banking has got off to a slow start, with low levels of public awareness and the failure of banks to meet the January deadline for API implementation limiting adoption to date.
Using the bank as a marketplace strategy, banks will transform themselves into portals, using their open APIs to allow third-party services to be accessed from within their own platforms.
Open banking widens out the lending value chain to encompass third party providers.
They will use one of two key distribution strategies: either using a bank’s marketplace for third-party products or direct-to-consumer distribution.

Scope

This report provides a comprehensive analysis of open banking, including a detailed examination of the key players shaping the new environment. The report offers insight into -
How open banking will disrupt existing value chains in retail banking
The technological, macroeconomic, strategist, and regulatory factors that are driving open banking
Which providers are currently taking a lead in exploiting the opportunities afforded by open banking.

Reasons to buy

Understand how open banking will affect how you can generate value in lending, payments, and the provision of account information services.
Learn which of your competitors are leading the way in open banking and what they are doing.
Equip yourself to deal with the disruption that open banking will cause in lending, savings and investments, credit scoring, account information services, payments, insurance, and loyalty schemes.

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Submitted 5 years 5 months ago by JSB group.