The biggest challenge posed by open banking is not technological or regulatory, but organisational. Business models, commercial strategies and operational practices must evolve.
Mobey Forum’s Open Banking Expert Group chairs discuss the various strategic position that banks can take in the in the post-PSD2 era. They identify the strategic roles for banks as
- Bank as usual
- Bank as distributor
- Bank as producer
- Bank as information integrator
- Bank as information provider
The analysis and the key conclusions are based on the discussions in the Expert Group.
By clearly identifying potential roles and providing concrete examples of successful implementations, banks can better understand the options available and the approaches they can pursue, enabling them to get ahead in the new API banking economy.
By Mobey Forum Open Banking Expert Group Co-Chairs:
Mario Brkić, Erste Group
Jordi Guaus, CaixaBank
Luis Rodriguez, Strands
This podcast complements Mobey’s recently published report:
