28 Mar 2018 – Banks need to pick a business model strategy and pursue it with vigour.
One of the clearest findings in the APIdays Banking APIs: State of the Market report is that the new regulatory environment of PSD2 and UK’s Open Banking Standard is not creating a dynamic open banking platform market that is surging ahead of the rest of the world. Leaders in the US, Singapore and Australia are showing as much new platform thinking, and moving towards open API products as a way to re-engage with their customer base and the market, as the frontrunners in Europe and the UK.
The challenge for banks is that the majority want to be the vertical integrator, but their strategies to date suggest they will end up as little more than the infrastructure.
At this exclusive session held at Crédit Agricole CIB, Mehdi Medjaoui, Founder of Webshell, the company behind OAuth.io and APIdays Conferences series in US and EMEA, shared from his experience, a holistic, progressive approach to API strategy implementation, ending with case studies of various banks.
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