Alliances & competing in the new era of open platform banking
summary
Argues that platforms backed by APIs, cloud and scalable networks shift banking value: platform firms earn 2–5x the revenue of traditional banks, banks fall into four open‑banking quadrants (starters, innovators, leaders, masters), and three concrete models exist—banker-as-a-service, bank-as-platform, bank-as-marketplace. Gives implementation examples: Franfinance exposes consumer‑loan APIs, Mastercard pilots an online marketplace, Amazon and Alibaba use marketplace data to underwrite loans. Flags regulatory pressure, poor data infrastructure and the rise of non‑bank competitors, and promotes strategic co-petition.
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chapters (9)
- 0:00Introduction
- 1:20Story
- 3:22Platform Business
- 4:36Open Banking
- 6:52Api Banking Business Models
- 10:23Omnichannel Banking
- 12:59State of Distribution
- 14:21Competition with Fintech
- 17:05Conclusion
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