BAI Executive Report
Creating new opportunities through open banking
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Open banking is both a powerful force for innovation and a potential threat to security and privacy. But with the right amount of restraint and regulation, the advantages of open banking promise to far outweigh the risks.
In this month’s BAI Executive Report, we explore how sharing data between financial services organizations and third-party service providers through application programming interfaces (APIs) opens a world of new possibilities for institutions and their customers.
Articles in this report include:
Is the U.S. embracing open banking?
In banking, fintech is yesterday’s news. Open banking is today’s hot topic.
Providing opportunities for small businesses through open banking
Experts weigh in on how organizations can benefit from access to a broader array of financial services.
Customer demand is driving open banking adoption
Many Americans feel financially fragmented, and banks helping to solve that problem can gain a competitive edge.
A work in progress
Open banking has a head start in the U.K., but it will continue to slowly develop for consumer and commercial purposes in the U.S.
Enhancing the digital experience through APIs
Banks and credit unions can deliver an elevated online and mobile banking experience by tapping into the robust fintech ecosystem.
The BaaS revolution levels the playing field
New technology helps smaller banks access a flourishing financial services infrastructure without the need for significant investments.
From screen scraping to open banking
Innovative approach to financial data sharing offers banks greater security, efficiency and compliance.