Open Banking

How accelerated innovations in tech will lead to open banking

It’s a mixed bag for most SEA markets, but regulator support illuminates the future of open banking.

How accelerated innovations in tech will lead to open banking

It’s a mixed bag for most SEA markets, but regulator support illuminates the future of open banking.

Open Banking Set To Transform The Finance Sector

There is a revolution going on today in the banking industry. Those bastions of privacy and money management are doing the unthinkable - with consent, they are sharing their customer data with approved third parties. In the past, banks jealously safeguarded their clients’ information. That is what clients expected of them, as well as it being a regulatory obligation. Today, they are making this information available to other players in the financial services arena, creating an unprecedented financial ecosystem built around making their Application Programming Interfaces (APIs) available to approved third parties.  

Open banking in APAC: leveraging data, API for better solutions 

Banks have to remain consistent and continuous in testing best practices.

Banks must leverage APIs to stay ahead amidst the open revolution: Deloitte

It opens up new revenue models and lowers the cost-to-serve.

Hongkongers optimistic about BaaS: study

42% said that their organisation have been deploying banking-as-a-service (BaaS) in the last 12 months.