Open Banking is Here to Stay: How Will You Benefit from It?
summary
Asia shows large gaps: 74% have a bank account but only about 34% use formal financial services and ~20% receive wages in a bank, so open banking targets financial inclusion. Practical stack items are APIs, Identity & Access Management, analytics, integration, consent management and adaptive authentication; WSO2 ships API templates and a componentized, GDPR‑compliant platform that shortens deployments. Success metrics are concrete: number of third‑party integrators onboarded, API traffic/usage and measurable customer‑base growth, not raw API counts.
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chapters (15)
- 0:00Start
- 2:16Making a Case for Financial Inclusion
- 5:31Digital Banking Requirements
- 9:51Evolution of Banking Channels
- 11:46Open Banking: Putting Customer in Control
- 12:54Expanding Distribution Channels
- 14:48KYC like never before
- 16:57Spaghetti Architecture
- 18:05Multiple Identities
- 18:17Siloed Analytics
- 18:40Technology Components of Open Banking
- 19:34Opening the door to Digital Transformation
- 20:52WSO2 and Open Banking
- 21:25Key Features
- 22:50WSO2 Advantage for Open Banking
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