The Open Banking Playbook: Three strategies leading financial institutions are using to unlock open banking’s potential

Executive Summary

Open banking is proliferating around the world, forcing banks to change their business models, opening up opportunities for third-parties like fintechs or other banks to develop new banking services and products.

Three Key Questions This Report Will Answer:

  • What is the size of the market opportunity within the UK?
  • How are different institutions transforming their businesses in the face of open banking
  • Where do incumbents land across the four key dimensions of open banking maturity?

WHAT'S IN THIS REPORT? This Playbook is designed to help banks navigate the transformation to open banking and give insight into how leading banks are having success. Insider Intelligence's Open Banking Digital Maturity Model allows firms to measure themselves across the four key dimensions of open banking maturity: functionality, end user experience, resource commitment, and business outcomes. Additionally, three key case studies show how different institutions are transforming their businesses to take advantage of open banking.

Here’s what’s in the full report

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authors

Eleni Digalaki, Lea Nonninger and Dan Van Dyke