Issue #11 - Unpacking Fintech Themes: Open Banking
Here’s the overview for the series of articles on:
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
Fintechna: If open banking were a colour - it would be green
Fortune: ‘Open banking’ tech could make the economy truly inclusive
Bobsguide: Six use cases for Open Banking that will change how you view it
Pymnts: B2B FinTechs Get Creative With Open Banking Use Cases
Tink: 5 open banking use cases European bankers are most investing in
Zühlke: Open banking use cases that can be capitalised beyond banking
Bobsguide: Unresponsive bank APIs causing open banking challenges
EY: Open Banking Opportunity Index: where open banking is set to thrive
Finextra: Americans trust banks over fintechs and Big Tech with personal data
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.”
Unit: Open Banking probably won’t stop with forcing banks to share their customers data. It will likely extend to any organization holding customer banking data regardless of who holds it.
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!