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.
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!