World FinTech Report 2019

The World FinTech Report 2019 from Capgemini and Efma explores how the future is moving to a shared marketplace where banks must think beyond open banking and transition to an impending phase we call Open X.

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Leapfrogging Open Banking to Open X

The future is moving to a shared marketplace where banks must think beyond open banking and transition to an impending phase we call Open X. Various API monetization models will be essential for success in the Open X future.

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Barriers & Enablers to Open X Adoption

Privacy and security concerns along with ineffective collaboration efforts may prevent adoption of open architecture. In order to capitalize on Open X opportunities, players need to engage with third party experts to sort out collaboration issues.

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Determining Open X Ecosystem Roles

Open X will feature emergent new roles that challenge traditional banking assumptions. Firms will be required to assume a role that aligns with their capabilities and external operating environment. While banks look to prepare for these specialized roles, they will have to prioritize, enhance, and ensure the robustness of their internal integrated model as well.

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Blogs

When does your FinTech future begin?

The highly disruptive next-generation digital banking environment offers a vast opportunity for a broad community of players – whether they’re established banks, challengers, or new entrants.

Open Banking as an opportunity to build robust, sustainable, and inclusive payment ecosystem

Financial services transparency as well as competitive and innovative products for customers are being promoted by regulatory initiatives such as Europe’s Revised Payment Service Directive (PSD2) …

Development of new operating and business models for banks

As banks leverage new connections with ecosystem players, they can earn revenue by monetizing their APIs.

BigTechs as a threat to banking

BigTech firms have huge customer bases and data – and they’re now venturing into the financial services domain.

Connecting With Third-Party Providers to Drive Customer-Centricity

In the wake of open banking, banks explore customer-centric propositions and the use of APIs to enable data sharing.

Harmonization needed among conflicting regulations to enable new payments ‘ecosystem functionality’

With no rigid standardization guidelines or non-compliance penalties, total and efficient compliance may take more time, as 18% of survey respondents said they are still in the compliance implementation stage.

World FinTech Report 2019

The World FinTech Report 2019 from Capgemini and Efma explores how the future is moving to a shared marketplace where banks must think beyond open banking and transition to an impending phase we call Open X.

Download now
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