The State of Open Banking
summary
Global open banking shows measurable scale: 293 open banking platforms expose 2029 APIs, with a 49% rise in banks launching platforms between Q1 and Q2 2020. Regulatory approaches and standards (UK API templates, Berlin Group, aggregators like TrueLayer) drive adoption; developer experience, security, and business models matter. Examples: one Indonesian bank posts 68% new-account growth and 23% transaction growth via fintech partners; Cake returns ~€10/user in Q2 up from €5 in Q1. Gaps remain: only 24 fintech are accredited across 20+ European countries and consumer-facing products lag SME-focused offerings.
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chapters (12)
- 0:00Start
- 3:02Digital transformation
- 8:17APIs are the tail wagging the dog
- 9:02Platform mindset
- 10:12Why API?
- 13:02Why Open Banking API?
- 16:00Measuring value
- 19:24Open Banking Platforms
- 20:38Bank business models, revenue gains
- 36:04Products for underserved
- 39:01Security
- 43:28Types of API Platforms
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