Around the world, banks are opening up their customers’ financial data (with the customers’ consent) to third party Fintech applications through APIs. This new open banking trend has the potential to expand financial institution portfolios, ease the development and delivery of innovative new Fintech products, and increase consumers’ choices and control over their data.
Whether these open banking initiatives are driven through regulatory change, like EU and Australia, or market-driven factors, like the U.S., effectively capitalizing on open banking through meaningful implementation strategies can help banks buck some of the challenges faced by this new initiative.
Register today and join Aite Group senior analyst Ron van Wezel, Envestnet | Yodlee VP, data strategy & strategic solutions Brian Costello, and American Banker contributing editor Mike Sisk as they discuss current consumer perceptions of open banking, including the opportunities and roadblocks for consumer adoption. See how banks can successfully collaborate with their Fintech counterparts to overcome adoption roadblocks, recognize the benefits and commercialize on the opportunities of open banking.
Attend our webinar to discover:
- Aite survey results that reveal how consumers perceive open banking
- What’s needed to gain consumer buy-in for open banking to take hold
- How banks are currently approaching open banking
- How to use APIs to enable a service-oriented, open banking architecture
Ron van Wezel is a senior analyst for Aite Group’s Retail Banking & Payments practice. His research covers market and regulatory trends in the payments space, with a focus on Europe.
Mr. van Wezel is a renowned expert in payments and digital banking. He brings to Aite Group 30 years of experience in product development and innovation, advising clients on a wide range of topics including mobile payments, digital wallets, cards issuing and acquiring, and ACH solutions.