London, 21 July 2020 –The open banking framework promises to put in the hands of the user the visibility of data, the full control of operations, and the freedom to select financial service partners on the fly. Corporate users are learning to use open banking to easily switch between financial partners and access banking applications directly from the corporate enterprise resource planning or treasury management system.
This report provides further details on API offerings, strategies, and likely models of open banking for corporate treasury offices. It is based on a series of interviews that Aite Group conducted with 21 banks and fintech experts between March and April 2020.
This 32-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.
This report mentions ACI Worldwide, Adjoint, Citi, Finastra, Fispan, Microsoft, and PNC Bank.