Open API Banking: Defining the Potential and Opportunities; Strategies for a world of open banking
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Regulatory and technological developments are pushing banks in Europe and the UK to open up access to their systems and data via the use of application programming interfaces (APIs). If banks embrace the concept, they will be able to become one-stop shops for the best products on the market, crowdsource the development of new services, and generate revenue by selling access to their data and capabilities.
Scope
• Regulatory initiatives such as PSD2 in Europe and the Open Banking Standard in the UK are forcing banks to open up their systems to third parties, and this will hasten the rollout of open APIs.
• Starling Bank and N26 are among those using the bank as a marketplace approach. Here, banks transform themselves into portals, using their open APIs to allow third-party services to be accessed from within their own platforms.
• Fidor Bank is an exemplar of the bank as a service strategy. Startups and other entities that want to offer banking services to their customers can connect to Fidor Bank’s capabilities via its APIs and build their own services and user interface on top.
Reasons to Buy
Learn more about the distinct open API strategies a bank can deploy, together with the specific advantages and disadvantages associated with each approach.
Gain an understanding of the opportunities – and the threats – that open APIs will create for banks.
Discover more about how specific banks around the world are already using APIs, their rationale for doing so, and their experiences to date.
Capital One
Credit Agricole
Fidor Bank
Monzo
N26
OCBC
Open Bank Project
Silicon Valley Bank
solarisBank
Starling Bank
Sutor Bank.
Table of Contents
Frequently asked questions
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.
Related reports
View more Financial Services reports

