Over 40 years ago, the banks were one of the first industries to fully embrace the potential for computing to improve their businesses. For this reason, they have built up very complex systems and processes around those systems that have
Risks to Banks providing Open Banking Ecosystems and Developer Portals
There are always risks to any innovative endeavours and the provisioning of Open Banking / PSD2 Ecosystems and Developer portals is no different. Here we discuss these risks and the potential to mitigate or even eliminate those risks.
Technical Risks
Open Banking Ecosystems and Developer Portals Being Delivered by the Banks
As Open Banking / PSD2 comes into force, the banks that have embraced open banking (and fintech in general) as an opportunity rather than a threat are attempting to engage with the development community, both individual developers and larger development
What Does Open Banking / PSD2 Mean to Banks?
Many banks have been toying with Open Banking for a number of years now as a way to improve the customer experience, however, they are generally trying to do this only for their own customers. As a concept, this is