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Open Banking

It’s a revolution. Tech + regulations are unlocking the banking value chain. How a bank acts now will shape its future to lose or win.

COMMERCIAL PAYMENTS RESEARCH

Explore how to spur growth and regain market share

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Build a thriving digital future

Open Banking—driven by regulatory, technology and competitive dynamics—calls for banks to use APIs to make certain customer data available to non-bank third parties. The innovation is both evolving the industry toward hyper-relevant, platform-based distribution and giving banks a rich opportunity to expand their ecosystems and extend their reach.

Traditional, vertically integrated banks will need to become what they’ve never been before: savvy bilateral traders. Those that treat Open Banking as a strategic growth priority will position themselves to deliver the seamless and engaging digital experiences customers want—and potentially boost revenues by upwards of 10 percent.

Our collection of experience-driven insights can help banks navigate their way to a thriving, open, digital future.

EVEREST GROUP PEAK MATRIX® ASSESSMENT 2022

Named Top Leader in open finance IT services

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Turn Open Banking threats into opportunities

29%

Of banks’ traditional retail products-based revenue streams are at risk.

10%

Increase in overall organic banking growth expected by most bankers.

55%

Boost to banking revenue expected by 2020 from new opportunities created by open API-enabled services.

Partnerships are required

Open Banking value will initiate mostly in retail channels. Strategic partnerships within larger, mutually beneficial ecosystems will position banks to be visible and present to sell their offers whenever and wherever there’s an opportunity.

Open Banking insights

Read our latest research and insights relevant to Open Banking.

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Payments

Four strategies for consumer payments growth in 2023

Sulabh Agarwal presents key insights from our global Consumer Payments Study.

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Commercial Banking

Drive treasury and capitalize on fintech rise

Banks are facing more competition in treasury services. Jared Rorrer and Margaret Weichert reveal the latest customer research findings.

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Payments

What’s next for payments? 5 takeaways from Sibos

Sulabh Agarwal shares what he thinks payments leaders are focused on—see his Sibos 2022 takeaways.

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Meet the team

Amit Mallick

Managing Director – Global Open Banking & API Lead
LinkedIn

Edlayne Burr

Managing Director – Payments Lead, Latin America
LinkedIn

Eleanor Scott

Director – Open Banking Lead, Australia and New Zealand
LinkedIn