It’s Not Just Open Banking, It’s a Journey Towards Open Finance
Ritesh Jain, (Former) COO, Global Head of Digital Technology Foundation, HSBC
Open banking is disrupting financial services globally, and has introduced new opportunities through the democratization of data and services. The success of open banking points to the development and execution of emerging value networks that accelerate time-to-market, cost-effective, and best-in-class customer experiences, and new ecosystem-driven business models. Open banking has created the opportunity for data and services monetization at a global scale, and is opening up doors for new strategic partnerships aimed at delivering data-driven digital services. The future offers even greater possibilities — it’s just the beginning for Open Finance!