It’s a revolution. Tech + regulations are unlocking the banking value chain. How a bank acts now will shape its future to lose or win.
Of banks’ traditional retail products-based revenue streams are at risk.
Increase in overall organic banking growth expected by most bankers.
Boost to banking revenue expected by 2020 from new opportunities created by open API-enabled services.
Open Banking value will initiate mostly in retail channels. Strategic partnerships within larger, mutually beneficial ecosystems will position banks to be visible and present to sell their offers whenever and wherever there’s an opportunity.
New Accenture research highlights how payments leaders outgrow the competition in the face of disruption and evolving customer needs.
Our leaders share insights on how banks can maximize Open Banking opportunities.