open banking

Calling the true innovators: Venture into the future of financial services

Three years ago, banks were looking at fintechs with a wary eye. Two years ago, they were appointing chief innovation officers to dip their toes in with proof-of-concept projects or in-house incubators. Now, they are all in. From the open banking regulatory initiatives in the UK and Europe to the opensource, hybrid cloud strategies that […]

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Top banking and financial markets blogs in 2018

It is that time of year when we do an annual review of the blogs our readers viewed the most on our Insights on Banking blog. Looking at the top five blog entries of 2018, we see that using technology to meet the ever-increasing scale and rate of regulatory change is top of mind for […]

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IBM Open Banking Platform launch: Key takeaways

In today’s financial services industry, issues ranging from new regulations to unforeseen competitive pressures are placing ever-growing pressure on traditional banking institutions to move toward open banking models. To address this need, IBM introduced the IBM Open Banking Platform. The IBM Open Banking Platform is a software suite that helps accelerate a financial institution’s digital […]

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Your everything IBM at Sibos guide

Welcome to Sibos 2018 in Sydney! Day one of the conference has begun, and I hope you’re booking plans to meet with IBM at the conference. Each day, I will update and revise this blog several times with news, announcements, videos, and blogs live from the floor at Sibos. Return often and let it serve […]

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Capitalizing on Open Banking as a catalyst for digital transformation

There’s a new normal in financial services. Regulations such as the second payment services directive (PSD2) and the Open Banking project spearheaded by the UK’s Competition and Market Authority (CMA) are driving disruption in the banking value chain. Customer behaviors are changing, making it necessary to find new ways of interacting and creating engagement. Meanwhile, […]

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Transforming payments and creating new value chains with open banking

Open banking at its core is about empowering the end customers as the owners of their data and enabling organizations to work together — through APIs — creating new value chains to produce better products and services. It is that simple. The old way of delivering traditional banking and financial services to customers is not […]

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How Open Banking will blow core systems out of the water

Banks operating on legacy architecture will find it increasingly difficult to compete in an API-driven business environment, says Hans Tesselaar, executive director at BIAN. There are three key acronyms that have topped the agenda in banking technology discussions in recent years – APIs, PSD2 (Payment Services Directive II) and DLT (Distributed Ledger Technology). Although DLT […]

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Open banking: The new face of digital transformation

Previously, financial institutions viewed the concept of open banking as an imminent threat to their business and industry. Now, the industry sees the same concept and technology behind it as a catalyst for their business to achieve digital transformation. One of the more anticipated sessions during Think 2018 in Las Vegas was IBM CTO of […]

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Discover what the world is Thinking about open banking

Open banking, or the use of open APIs to develop financial applications, is famously on the rise. A simple look at the #openbanking hashtag on twitter will give you a front row seat to the open banking conversation. For financial institutions, open banking has been considered both a threat and an opportunity. From an IBM […]

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Fostering the financial technology infrastructure of tomorrow

Imagine a scenario in which opacity and complexity have been removed from the financial services industry. Anyone with an idea of how we might conduct business better and more efficiently, be it in wealth management, lending, insurance, or payments, could bring it to life with ease. Entrepreneurial individuals could find all the tools they need […]

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FinTech year in review: What we saw and where we’re going

Sibos, which is one of the premier global financial conferences, seemed different this year. The dominant story is that fintech startups and banks are better off as friends than foes. Fintech, once seen as a disruptor, is now becoming a mainstream and also a collaborating partner. Taking advantage of each other’s strengths is leading to strong […]

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