Open banking represents a sea of change in the way financial services are operated and delivered, and yet at this stage in developments, many large financial institutions have not only missed various deadlines, they are set to miss the next tranche as well.
What is the reason for this, are they struggling with the transformation required of outdated legacy? Are they oblivious as to the opportunities at play, or indeed complacent as to the competition posed by third parties. Or are they simply blindsided by seemingly conflicting regulatory changes?
Developments are taking place across the market, APIs are being built and shared, and the customer is becoming slowly but surely increasingly aware of changes and new services which offer them greater control, visibility and flexibility. Banks must understand the new banking experiences that customers will expect.
Traditional, long-standing institutions are in a great position to lead the charge with open banking and capitalise on the commercial value that the new data-driven models can bring about. But where should they start with implementing their strategy? Cultural transformation, quality data capture, partnership strategy, refining the business goal and objectives?
Join this webinar hosted by Finextra, in association with Epiphany, to hear industry experts discuss this and more.
Speakers include:
- Sarah Häger, Head of Open Banking Community, Nordea
- Mark Hartley, Founding Partner of Bankifi and Advisor to the board of Nationwide, Bankifi/Nationwide
- Gary Wright, Director of Content, Finextra
- Paolo Spadafora, CEO and Founder, Epiphany