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    Open banking: opening the gates - Framework for an open banking strategy

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    Publication type
    White paper
    Author
    Cumps, Bjorn
    Muylle, Steve
    Standaert, Willem
    Publication Year
    2019
    Publication Number of pages
    19
    
    Metadata
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    Abstract
    The European regulations on open banking, which will enter into force on 14 September, will not cause any big bang on the Belgian financial market. Customers must first become aware of the many benefits that open banking has to offer. What is more, the law is limited to current accounts and payments. What is certain, however, is that open banking can drastically reconfigure the landscape of the financial sector. There are already indications that the hitherto relatively closed banks with a dominant market position are beginning to transform into open ecosystem players that embrace digital innovation.
    Keyword
    Digital Transformation, Financial Services Management
    Knowledge Domain/Industry
    Digital Transformation
    Special Industries : Financial Services Management
    URI
    http://hdl.handle.net/20.500.12127/6395
    Other links
    https://www.vlerick.com/en/research-and-faculty/knowledge-items/knowledge/financial-experts-regard-open-banking-as-a-game-changer-for-the-sector
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