Open Banking discussion insights

It has been great week with several #openbanking players; European banks, EU related bodies, major Fintech players in Europe and tech houses in corporate customer´s Ecosystem positioning themselves towards new "financialservices.

The most interesting insights from the discussions. Insights are quite clearly highlighting the status from business point of view in Europe.

• Main b2b offering aimed at solving lack of standardisation in #psd2 #APIs, Still more to do

• Open data economy is all about access to realise data sovereignty

• Importance of data trust framework: requires business, technology & regulatory agreements

• Cost-effective way to data access

• Lot of discussions& concerns about open data economy , trust & global reach

• Banks can offer premium #APIs in the future as well; this is the obvious new business to corporate banking

• We already have 99% ready, but we just have to make sure that everything starts to happen and ensure that we deliver more from what we have

• European banks keep saying the open banking buzz has been up& running already 10months& active demand by customers both consumers and corporates

• But we need more standards & harmonised APIs as corporate demands are high regarding what solutions we can really create with open data

• The most interesting business case is with the “new data” which is not regulated by PSD2

• Better bank - bank collaboration is needed

We are more than happy to discuss with you further the new business & collaboration possibilities. The shop is open!