Corporates and SMEs alike are in the running for a raft of potential new services on the back of open banking. The slow-moving evolution is in part due to challenges around data management and the accessibility of third parties on the part of banks. What state of readiness are they in to take advantage of the open and lucrative field in front of them - will it be the banks or the third parties who drive change?

Some financial organisations have merely done enough to ‘tick the regulatory box’, yet there is much more to be leveraged from PSD2, compliance, and open banking. There is increased recognition and acknowledgement across large traditional banks that designing and implementing an API infrastructure is no mean feat, and yet worth doing properly. Can banks do it alone? What is the best strategy in terms of partnering to create a platform that leverages the opportunity and potential for the optimum customer offering?

Creating a much richer third-party experience satisfies the regulators by encouraging competition but also sets banks up to make the most of a more open ecosystem, enabling them to monetise their huge data asset.

Discussion points include:

What use cases and services can be developed on the back of APIs? The advantages of investing in APIs, and the challenges in doing so What needs to change in order for banks to lead the charge in the new open banking landscape? Can they go it alone?

Spekers Include:

Carlos Lopez-Moctezuma, Global Head of Open Banking, BBVA Thomas Nielsen, GTB Chief Digital Officer, Deutsche Bank