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The Future of Open Banking in 2023

Open banking is how banks can achieve digital transformation — from payments to lending to investments and more — says former HSBC’schief technology officer Dr. Ritesh Jain.

Published on January 2023 in Open Banking

FEATURING: Dr. Ritesh Jain, Fintech founder and advisor and previous CTO of HSBC

Open banking has become a major driver of digital transformation across the financial sector, revolutionizing payments, lending, investments, and transactional ecosystems almost overnight.

But the full potential of APIs and open banking have yet to be realized. Will 2023 be the watershed year for open finance in the U.S. and globally, or will regulation slow the innovation process?

We have Dr. Ritesh Jain, Fintech founder and advisor and previous CTO of HSBC on the Banking Transformed podcast. Ritesh shares his perspective on the growth of APIs and open banking he expects in 2023 and where opportunities still exist.

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