London, 11 March 2021 –Treasurers want to bridge the gap between banking platforms and enterprise systems, combining company and bank data in real time to achieve more automation, access richer and quicker information, and run agile, flexible, and real-time solutions. One of the most pressing demands among corporate treasurers is to access financial data from portals such as enterprise resource planning systems. This is part of corporate treasurers’ “treasury-on-demand” strategy. Open banking offers banks the opportunity to implement the treasury-on-demand strategy.

This Impact Report introduces the most complete composition of the open banking ecosystem, assesses the maturity of the players (i.e., banks and fintech vendors), and verifies their readiness to build the open banking decision-support system. This report is based on a survey of 15 selected representatives from U.S. and European FIs and fintech vendors between September and December 2020, conducted via email questionnaire and telephone interviews.

This 21-page Impact Report contains 11 figures and one table. Clients of Aite Group’s Wholesale Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.