Open Banking: a foundation for the new world
summary
Banks report spending €20–30M on PSD2 compliance and deploy consent management, two‑factor auth and token/identity stacks while exposing APIs that pull data from cores and mainframes using tools like z/OS Connect. Projects move from internal APIs to cloud sandboxes, developer portals and a center of enablement. Payment initiation shifts off card rails onto SEPA and real‑time rails; open banking acts as a foundation for broader open finance use cases and embedded banking.
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chapters (13)
- 0:00Open Banking introduction
- 8:04Open Banking foundation
- 11:33Open Banking standards
- 16:04Open Banking 2.0 value chains
- 20:59Financial inclusion with Open Banking
- 22:03COVID-19 banking impact
- 25:57APIs in core banking
- 32:14API program structure
- 38:56Embedded banking services
- 41:25Banking transformations
- 44:15Open Banking disruption?
- 49:53Open Banking and digital currencies
- 53:01Closing remarks
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