Open banking APIs are secure bridges between banks and approved third-party providers. A customer grants explicit consent; the API then provides time-limited, encrypted access to specific financial data only, never full account credentials.

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Identify New Revenue Opportunities in the Open-Banking Ecosystem

Read ‘IDC Technology Spotlight’ report to get the “how-to” of building a broader open-banking ecosystem. IDC finds that European banks are seeking opportunities for data monetization, but only 20% are able to generate revenue from their data. Download the complete report now!

Read more: https://www.torryharris.com/analyst-speak/identify-new-revenue-opportunities-in-the-open-banking-ecosystem

#openbanking #openbankingAPI

Identify New Revenue Opportunities in the Open-Banking Ecosystem

Read ‘IDC Technology Spotlight’ report to get the “how-to” of building a broader open-banking ecosystem. IDC finds that European banks are seeking opportunities for data monetization, but only 20% are able to generate revenue from their data. Commercializing open APIs to build a banking ecosystem is still a challenge for many banks. Download the complete report now!

Identify New Revenue Opportunities in the Open-Banking Ecosystem