Strategies for Monetising Open Banking

Presented by

Roger Vincent, Head of Partner Innovation, Equifax; Nick Cabrera, Director, Finance Edge

About this talk

Roger Vincent, Head of Innovation with Equifax will share his insights on making the most of Open Banking and his lessons learned along the way. In this webinar Roger will talk about: * How increased use of open APIs is likely to shape the financial services market, why challenger banks are making headway, the big banks are building partnerships and the impact of APIs among payment service providers. * Activities banks need prioritise in the wake of Open Banking; starting with compliance & legal issue and why they need to assess time/resources carefully before trying to deploy solutions. * Which strategies are likely to thrive in the new environment and how regulatory compliance can quickly be turned into competitive advantage to commercialise Open Banking. * Overcoming security and privacy concerns associated with data sharing and the implementation of GDPR. * Strategies to encourage customer engagement by using Open Banking applications to enrich user experience to create long term value over short term revenue.

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