Open Banking Gets a Big Jump Start from COVID
In some ways the U.S. has passed Europe. Here's why all banks and credit unions must have a strategy for a trend that's reshaping banking.
Open Banking
Articles about open banking, looking at how fintechs and third-party developers use data and APIs to build new digital banking applications and solutions.
Latest Spotlight Article:
Trends 2024: Consumers Will Drive Open Banking, Not Regulators
Marketplace forces are finally pushing the U.S. toward open banking. Why that's good news.
Popular Articles within Open Banking:
Is It Finally Time for Open Banking’s Debut in America?
Institutions have resisted cooperating with third parties to open their consumer bases to outsider, but more use of APIs may unlock the door.
Why Fintech Challengers May Not Conquer Banking After All
The catch: Many legacy banks won't win either, says Accenture's bank lead. The new era is all about multilateral partnerships and open data.
Reinventing the Retail Banking Experience in a Digital World
BNP Paribas COO Sophie Heller talks about personalization, how innovation labs don't work, and why big tech banking isn't a slam dunk.
Open Banking Fintech Partnerships Required For Better CX
Banks and credit unions need to build more partnerships with fintech firms to meet digital consumer experience expectations.
The Power of Open Innovation Platforms in Banking
Struggling to decipher which fintechs to partner with? Open innovation solutions getting complicated? Constellation Digital Partners' Kris Kovacs breaks it down and how to make it work.
Open Banking Is Key to Relevance in Payments for Traditional Institutions
Reluctance to embrace 'open' trend hinders banks and credit unions and encourages further Big Tech inroads. Fintech partnerships would help.
‘Open Banking’ Scares Consumers, But They Want What APIs Can Deliver
Sharing their personal data is what troubles people. To move forward with personalization, banks and credit unions must address this concern.
Open Banking: A Disruptive Threat? Or Competitive Opportunity?
In the digital age, banking providers can't compete if they don't partner with fintechs and share their most precious commodity: customer data.
Futurist Brett King Predicts Banking Become Embedded ‘Experiences’
Friction in banking will be eliminated, either by banks or companies in other industries who will simply fix the problems themselves.
Will ‘Open Banking’ Sizzle or Fizzle in the U.S.?
In the U.K., open banking is already law. Few U.S. institutions truly understand it, but experts say its potential impact could be massive.
Sound Strategy Must Come Before Open Banking Leap
Moving into open banking with no clear direction or game plan why will send your institution on a pointless and resource-wasting journey.
Banking Providers Ill-Prepared for Marketplace Disruptions
Hindered by legacy systems, many banks struggle to provide customer-centric solutions to people impacted by the government shutdown.
5 Resolutions For Digital Banking Success in 2019
As banking executives define their goals, they must commit to a digital experience and make their transformation strategy their top priority.
Platforms, Products And Channels Transforming Financial Services
Innovation in Retail Banking Report 2018 found that financial players need to focus on changes in products, platforms and channel use.
Cognitive Banking Requires Culture of Imagination, Not Incremental Steps
The future of banking is the ability to collect and analyze data while deploying personalized solutions that improve the consumer experience.
Seismic Shifts In Retail Banking: Are You Ready?
Banking providers must be willing to embrace change, take risks and disrupt themselves (repeatedly) to keep pace and stay relevant.
Financial Institutions Must Explore Open Banking Options Today
Now is the time for all banks and credit unions to start planning the best direction for their open banking platform strategies.
How Open Banking Can Save Banking From Threat of Tech Giants
Future banking ecosystems will require the use of open API data and advanced analytics to provide an expanded array of financial solutions.
Why Financial Marketers Should Care About Open Banking
Traditional banking will be impacted by new competitors, more data availability and greater consumer expectations in the era of open banking.
7 Myths of API Development and Deployment in Banking
Open banking APIs are the foundation of future digital banking development, with several myths needing to be exposed.
Building New Banking Ecosystems Using Data and Collaboration
Open banking requires strong data analytics skills, a digital culture and a willingness to share and collaborate with alternative providers.