We have seen banks making good progress on Open Banking/ API Banking in the last few years and infact, the pace has been picked up in recent times. We have yet to see a wider impact of Open Banking Initiatives on the Bank’s financials and growth. As part of our drive to work with Banks/Partners on Open Banking Initiatives and Open Banking Masterclasses, we tried out to look at the industry level view on Open Banking adoption and maturity in the market. We realized that there are lots of papers around the subject but not deep insights on adoption & implementation esp in Indian Banking Ecosystem.
So, to understand deep progress made by Banks on Open Banking and its impact on an organization, We, as part of The Digital Fifth, have initiated an open banking survey to collate feedback from Open Banking Leaders from Banks. The objective of the survey to get a view of Open Banking Initiatives within the Bank, its business impact, critical aspects of implementation. We will be using insights from Survey and publish detailed out Report on Open Banking In Indian Ecosystem as part of our IFTA Awards Event on 29th November 2019. We will be sharing a complete copy of the Report with you and the Bank.
We appreciate your time and valuable inputs to make a contribution to help us to build Open Banking landscape & Insights in the country.