Issue #11 - Unpacking Fintech Themes: Open Banking
Where it Fits
Open Banking (i.e. banks sharing customer data via API) is a catalyst for Embedded Finance (i.e. distribution of banking services by non-banks), and an enabler of both Embedded Fintech (i.e. integration of fintech offerings by banks) and Banking-as-a-Service (i.e. banks delivering services via API).
Why it Matters
fdata.global: Opportunities in Open Banking
Financial Brand: Open Banking Provides Potential For Revenue Goldmine
Open Banking Project: Open Banking | 8 Challenges for Regulators
Finance Digest: Trends in open banking in 2021
Raconteur: “Open banking needs to become market led and allow banks to offer premium services for a charge. When their data becomes a profit line, resources will flow to improve services. We only need the regulator to stop oligopolies and abusive pricing.”
There’s too many players to cover in this article, so here’s some links to great lists.
Banq.ai: Open Banking Tracker
FT Partners: Open Banking: Rearchitecting the Financial Landscape (deep dive report)
Paypers: Who’s Who in Open Banking in 2021
Tracxn: Top Open Banking Startups
UK Open Banking: Regulated Provider Directory
Thanks for the inspiration: Tarun Bhasin, Tim Cooper, Biao Hao, Seshika Fernando, Andrew Gilboy, Sarah Howelll, Dion Lisle, Jim Marous, Chris Nichols, Søren Nielsen, John Peterson, Scarlett Sieber, Ron Shevlin, James Varga, Craig Vosburg
If you have feedback or questions, please leave a comment!