New report provides guidelines on implementing an ecosystem of applications for open banking
Almost every financial institution has developed APIs, and these institutions are now wondering what comes next. For too long, the topic of open banking has been discussed and presented only to remain a generic concept and an academic set of principles. If open banking is the answer, banks wonder what value the open banking framework can generate for their business.
In a new Impact Report, Commercial Open Banking in Practice, research and advisory firm Aite-Novarica Group gives pragmatic substance to open banking by providing indications and guidelines on implementing an ecosystem of applications for open banking.
“Open banking offers banks the opportunity to implement a ‘treasury on demand’ strategy,” said Enrico Camerinelli, Strategic Advisor at Aite-Novarica Group and author of the new report. “In order for it to work, banks and fintech vendors must improve the foundational elements that support the overall ecosystem, as well as communicate their open banking (and API) strategies. Corporate treasurers want to access information in real time to make fast decisions and execute them immediately.”
A preview of the report is available online, and desk copies are available to qualified media. Please contact [email protected] or call Kaitlyn Labbe at +1.857.327.9442 for more information.
About Aite-Novarica Group:
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.
Press Contact:
Kaitlyn Labbe
Public Relations
+1.857.327.9442
[email protected]