Unlocking the opportunities of open banking and beyond
The state of play, the direction of travel, and best practices from around the world
Open banking has yielded widespread adoption with more than 43m users enabled across Europe and 53% user CAGR since 2020.
And the momentum is only set to increase by an expected $330bn transaction value in the next five years, enabled by open banking.
But the opportunity goes beyond this:
Premium APIs are facilitating a widespread shift from open banking to open data economies. Additionally, financial products previously limited to just bank-owned channels can be integrated into third-parties.
So, what does this mean for banks? They can tap into this space and unlock significant value and commercialisation opportunities.
Find out how in our white paper.
Provided by Visa
-
Why MSPs should rethink the browser as the new security control pointIndustry Insights Enterprise browsers simplify security by consolidating multiple security controls
-
Globant launches new AI consultancy marketplace for AI servicesNews The new platform allows businesses to access AI-powered services
-
‘Real-time data remains the voice that every leader must hear’: This one engineering role could be the key to building a truly data-driven enterpriseNews AI has increased the expectation for fast, or even instant, decisions. Data streaming engineers could help leaders keep pace
-
This new technique could improve AI output accuracy by 80% – and tackle hallucinations once and for allNews Researchers believe the new method will improve accuracy and help reduce costs
-
Reports: UK could consider regulation amidst growing 'rogue AI' concernsNews New AI minister said regulation is on the table, but only if public safety is at risk from AI
-
UK firms are automating roles, but nowhere near ready to outright replace themNews ONS figures show that organizations are automating tasks, rather than entire jobs
-
Two-thirds of workers are so fed up with ‘AI slop’ that they ‘feel nostalgic for pre-AI work’News A survey has revealed that dealing with low-quality 'AI slop' is making jobs feel less meaningful and more repetitive
-
How AI certification can help employees climb the career ladderIn depth Research shows that validating AI knowledge and skills can help to boost job mobility and salaries
-
AI minister secures cabinet seat as DSIT merged with new business department
News Industry stakeholders have welcomed the move as a sign of the government’s continued support for AI development
-
AI is changing team structures in cybersecurity and creating new roles – here are the jobs in hot demandNews SANS Institute notes that companies are reworking security teams and salaries are going up
