Open Banking Impact on Customer Acquisition – Research Results from the Open Data Institute

White Paper

White-Paper_Doc_ODI_2018-12-05

Open Banking is revolutionising the financial technology landscape worldwide. How should your acquisition and onboarding initiatives capitalise on the changing landscape of permissions and opportunities driven by Open Banking?

 

The Open Data Institute researched and produced this report to help financial services executives better understand the opportunities Open APIs provide for enhanced customer journeys – such as faster onboarding, improved KYC, and upgraded anti-money laundering (AML) efforts.

 

This white paper also details the risks including customer loss; a part of the continuous customer journey cycle all participants experience and one they may experience more frequently with Open Banking making the playing field more transparent.

 

Read this white paper to consider what both these opportunities and the risks could mean to your financial institution.

ODI logo
Additional Resources