In this podcast, two of our Open Banking Expert Group Chairs Kristian Sørensen and Marc Folch analyse the main findings of Mobey’s recently published report on Monetisation of Open Banking APIs. You can download the full report on our website: https://mobeyforum.org/monetisation-of-open-banking-apis-report/
Though Open Banking in many countries has been driven “top-down” as a regulatory requirement, many banks have taken the opportunity to revisit their strategies to look beyond a pure compliance play. A natural next step after implementation of the regulatory mandated APIs, is to shift their strategic focus to the topic of monetisation. From the perspective of supporting the long-term health of the ecosystem, this should be encouraged. Open Banking (and later Open Data) can only realise its full potential if organisations big and small persistently invest in making it better and more useful over time. The most efficient and effective way for that to happen is if there are self-sustaining market economics that reward those who do.
The analysis and the key conclusions presented in this podcast are based on the discussions in the Expert Group.
By Mobey Forum’ Open Banking Expert Group Co-Chairs:
Marc Folch, Senior Manager Innovation Insights & Emerging Solutions, Interac
Kristian Sørensen, Founding Partner, Norfico & The Tokenizer
Introduction by: Elina Mattila, Executive Director, Mobey Forum