Panel : Open Banking - Expectations, Opportunities and Challenges.
summary
Panel argues GCC moves fastest on open banking with Salt Edge already pre-integrated with core banking stacks in the region and regulators (SAMA, Bahrain) pursuing phased roadmaps. Banks resist exposing APIs; biggest wins are SME straight‑through lending, open payments and consumer aggregation. Forecasts peg regional embedded finance $1.8B → $8.2B (CAGR 35%) with upside to $19B; global market leaps from $56.7B to ~$570B by 2027. Key gaps: licensing friction, low TPP maturity, and need to treat wallets as accounts for inclusion so unbanked users aren’t excluded.
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chapters (8)
- 0:00Start
- 0:14Sanjeev Kumar
- 11:24The Opportunities That Open Banking Unlocks for the Industry
- 13:22Think about the Value You'Re Trying To Create in the Short Medium and Long Term
- 29:47How Do You See Open Finance Opening the Opportunity for this Consumer Segment To Become a Part of Financial Services Industry
- 38:57The Challenges for Open Banking in the Region
- 40:51Challenges with the Open Banking Model
- 43:17The Key Challenges for Open Banking in Saudi
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