Small Banks opportunities with Open Banking
summary
Small banks comply with PSD2 by buying or subscribing to off‑the‑shelf API platforms rather than rebuilding core systems, with typical vendor projects quoted at 100k–200k and migrations taking 6–12 months. They publish rates via APIs to comparison marketplaces, plug into existing fintechs (payments, FX, mortgages) and use white‑label providers like Mambu, turning legacy liability into small, repeatable API‑driven revenue streams rather than one big digital transformation bet.
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chapters (10)
- 0:00Introduction
- 2:15Where did it all start
- 3:30Are banks too big to fail
- 5:32Fintechs are different office
- 6:17Distribution channel shifting
- 8:25Options for small banks
- 10:40API Ecosystem
- 11:42Digital Transformation
- 16:00Summary
- 19:01Conclusion
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