Latest Open Banking posts.

If you’re a bank looking to digitize your services, you probably know that APIs are central to your future. As McKinsey underlines in its 2023 article "APIs in banking: From tech essential to business priority,” APIs have evolved in their…

Since open banking has moved away from the area of "check-the-box compliance” and into the area of innovative opportunities, it has also become a topic of strategic interest. In this blog, I look at open banking from the bank’s perspective. Here I…

Banks traditionally preferred to have tight control over their products and delivery channels, but today’s customers are increasingly looking for broader choices. They want the banking products in the channel of their choice, at exactly the time they need it,…

APIs are revolutionizing the financial services industry by making core banking functionality, such as accounts, transactions, balances and payments, digitally and programmatically available - both inside the organization and outside to third parties. This is the foundation of open banking. But…

Financial services are built on trust, and it is vital for banks that their clients trust them. Clients need to trust banks to safely store their money, process transactions correctly, and keep their data secure. When banks introduce digital technology,…

Open banking is more than just APIs for banks; it requires the emergence of a digital ecosystem that fosters the active collaboration among banks and fintechs. For open banking to be usable, banks need to make their data available in…

As a traditional bank, you are increasingly under pressure to digitally transform your customers' experiences. Until recently, if bank customers wanted to use a banking app, they needed to use one provided by their bank – and it was often…

Open-banking initiatives are underway in the Middle East, as many banks in the region see it as a new revenue-generation model - without the regulatory boundaries (for the time being) - as well as helping them to enhance customer experience…