Ecosystem and Platform Banking Strategy

Open Banking requires banks to open customer data to third parties in an effort to enable more competition and customer control. Define an Open Banking strategy and related ecosystem business models for your services and products.

Are you asking yourself

Do you face competition from non-traditional players (FinTechs, BigTechs, challenger banks and non-banking players)?
Do you see evolving customer behavior and demands in all segments and customers moving to players with innovative digital/mobile only products with minimal friction?
Are you confronted with shrinking margins due to the unbundling of the banking value chain?
Are you tied to slow innovation due to legacy technology and lack of IT talents?
Do you suffer from having limited return on high investments in Open API architecture due to PSD2?

What you will get from us:

Attract new customers, new talent and new revenue streams (API pricing, platform fees)
Low TCO and project cost for FinTech services (SaaS; pay per use)
Get rid of legacy system costs and enable fast time-to-market due to a modern front architecture
Think in terms of client experience and not product silos: Keep the client relation and data on your platform

Our Approach

Strategy Definition

Define an Open Banking Strategy and/or the corresponding API Platform Strategy.
Build API

Build Open APIs to distribute your products and services and partner with non-traditional players.
Value Chain

Re-bundle the value chain on your banking platform to increase effectiveness.
Collaboration

Collaborate with FinTechs (ecosystem) to meet customer demand on user experience and low friction products.

Get inspired by our latest insights

The Open Banking Revolution

Open Banking will lead to completely new forms of customer relationships and enables the inclusion of third-party digital products. Obvious winners are customers and FinTechs – how can banks benefit as well?

Open Banking: Overcoming Challenges

The new European regulatory initiative on open banking is set to change the banking landscape as we know it. This mini-series deals with the challenges around regulatory implementation related to proof of equivalence, testing, and operating model.