Open Banking


Open Banking

How to flourish in an uncertain future 

Regulatory initiatives are requiring banks to ‘open up’ customer transaction data to third parties – a development known as ‘open banking’. But how will these changes affect the traditional retail banking business model, and what can banks do to enable them to adapt to an ‘open banking’ future?


We believe that the opening up of banking data via the open banking initiative will, in the longer term, lead to a retail banking future in which banking products, services and functions are opened up to third parties. In the ‘marketplace banking’ model that would result from this, customers will be able to use a single banking interface to access products and services from a multitude of players, including incumbent banks, challengers and FinTechs. Several financial services providers would continually compete to offer customers tailored, good-value products via the ‘marketplace banking’ interface. 

Regardless of which strategic options banks choose, they will need to align their leadership, culture and organisational structures to a more digital mind-set, and ensure that they are able to optimise their use of proprietary and external data.

Open Banking

What do you need to know about 'Open Banking'?

More information?

To discuss the impacts of open banking upon your business, please contact Emeric van Waes or Harmen Meijnen via the contact details you'll find below.  

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