Open Banking Strategy and Implementation
[vc_row][vc_column][vc_column_text]Open banking has opened up a new collaboration line for Banks to forge a partnership with Fintechs and build new business models using a set of banking APIs. Fintechs have also lapped up on these opportunities to create new business models like Neo Banks, Accounting Platform Embedded with Banking, and the recent phenomenon of Embedded […]
Big Techs- Big Beneficiary of Open Banking?
Post-Fintechs arrival & building a new value proposition for customers, Banks adopted a collaborative approach to work together and develop new products, business models, and value drivers for customers. Emerging demands from Fintechs led to banks opening up their services and data through APIs and drive API enabled Banking, and now widely been termed as […]
API Infrastructure Platform- Giving impetus to Startups
API Infrastructure Platforms are adding power to startups to build solutions and their go-to-market plan. These platform startups also attracting interest from investors.
As a banker, I keep asking myself “Am I relevant?”
The banking industry is going through a major shift, with many roles getting redundant and many new ones getting created. As a fellow banker, are you focusing on winning in this ever-shifting world? – Technological interventions are impacting banking jobs in marketing, sales, operations, credit, and even tech. Are you aware of these changes? – […]
#CIO and #CDO need time to learn as well as to execute
#CIO and #CDO need time to learn as well as to execute. If 100 % time is expected in execution, who will innovate? – Give them adequate and skilled teams. – Allow them to spend 20 pc time in relearning – Accept that 50 percent of innovative stuff will fail. If every failure is questioned […]
Who owns Digital?
Who owns Digital in your bank? Who owns Innovation in your bank? Do they belong to a specific team? If so then, Isn’t Digital expected in each business? Isn’t innovation central to each business? Do you this structure is temporary in nature? What should be the right structure?
Open Innovation – Do you have a Sandbox for partners?
Key part of open innovation is the ability of Banks & NBFCs to offer low friction environment to partners. One of this offering is a Sandbox with critical APIs & documentation on cloud. This environment would be separate from bank’s test environment to ensure that there is minimal security / compliance challenges. Availability of customer […]
Digital Innovation Trophy – Worth Nothing…
Banks and Fintechs are innovating at a rapid pace. These innovations are getting industry recognition through awards. However, many innovations do not go much beyond awards as the focus moves to next innovation (and the award). Innovation needs to be coupled with commercial usage at massive scale. Each of the innovation has to be converted […]