Open Banking APIs and a regulatory push to open business models are driving banks to become platform businesses. A platform strategy can facilitate an efficient value exchange and create connections with new customers and new partners.

There are four platform Banking models to consider as a bank makes the pivot to an Open Banking platform strategy.

Proprietary Platform

Proprietary platform

1 Sponsor : 1 Provider
In financial services, proprietary platforms use open APIs to make data accessible to developers and to offer finalized products to customers.

Joint Venture Platform

Joint venture platform

Many Sponsors : 1 Provider
In a joint venture model, a single provider may encourage collaboration among sponsors, such as fintechs, to create and control a shared interface.

Licensing Platform

Licensing platform

1 Sponsor : Many Providers
A licensing platform enhances network effects by using a single sponsor and a variety of providers to bring a visible interface to producers and consumers.

Shared Platform

Shared platform

Many Sponsors : Many Providers
In a shared platform, no single party controls development, and multiple parties may bring the interface to producers and consumers.

Accenture can help guide banks through the key implementation steps wherever they may be in their open platform transformation journey. Our banking clients benefit from innovative solutions developed to help build the organizational, functional and technical capabilities they need in the brave new world of Open Banking.

About the Authors

Alan McIntyre

Senior Managing Director – Accenture Banking


Sulabh Agarwal

Managing Director, Accenture Payments


Maurits Olijve

Managing Director – Accenture Strategy, The Netherlands


Anupam Majumdar

Manager – Accenture Payments, The Netherlands


Rody van der Vliet

Technology Consultant – Accenture Technology Advisory, The Netherlands


Paul Weiss

Management Consultant – Accenture Payments, The Netherlands

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