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Identify New Revenue Opportunities in the 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. Read this u2018IDC Technology Spotlightu2019 report to get the u201chow-tou201d of building a broader open-banking ecosystem.

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Identify New Revenue Opportunities in the Open-Banking Ecosystem

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  1. Identify New Revenue Opportunities in the Open-Banking Ecosystem Authors: Martin Stiller and Thomas Zink

  2. 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. Read this ‘IDC Technology Spotlight’ report to get the “how-to” of building a broader open-banking ecosystem.

  3. Report Summary • Banks could sell insights to third parties to enrich and supplement customer experiences through the bank’s open API platform • Bank-owned or external marketplaces allows consumers to source products from a broader ecosystem • Banks can offer internal technology, resources, and capabilities as-a-service to the ecosystem • Building new forms of strategic partnerships beyond banking will enrich the bank’s data and enable the delivery of new service offerings • API management platforms allow banks to connect to the ecosystem and exchange data with key business partners

  4. Download your Free Copy Now:- • Link: https://www.torryharris.com/analyst-speak/identify-new-revenue-opportunities-in-the-open-banking-ecosystem

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