Open banking: opening the gates - Framework for an open banking strategy
Publication typeWhite paper
Publication Number of pages19
MetadataShow full item record
AbstractThe 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.
Knowledge Domain/IndustryDigital Transformation
Special Industries : Financial Services Management