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Archive » July / August 2022 » Open banking: challenges in the global market and prospects to design financial innovation

Open banking: challenges in the global market and prospects to design financial innovation

Liliana Fratini Passi
July / August 2022 - n. 7-8
Keywords: Open banking, innovazione finanziaria, sostenibilità
Jel codes: G21, G28, O33, M14

Many players are evolving their open banking suite towards open finance and open data. This transformation is an opportunity for banks in order to strengthen and further expand their business, actively respond to the increasingly innovative needs of customers and contribute to the optimization of highly innovative services, without losing human contact with both retail and corporate consumers. The players that are investing in technological innovation, digital skills and sustainability will therefore be the protagonists of the transformed competitive arena.

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