![Bank](/sites/default/files/styles/paragraph_full_width_mobile/public/media-images/bank%20%281%29.jpg?itok=ZYYu0k5F)
We supported a top 5 US bank to accelerate its Open Banking transformation journey by assessing and prioritising Open Banking capabilities to drive value creation with APIs across business lines.
Challenge
- The client was looking for a bankwide strategy and business model for Open Banking to drive sustainable value creation from Open Banking
- Further, the client required better understanding and insights in the maturity of its current Open Banking capabilities and how a roadmap would look like to improve its API product portfolio and developer portal experience to underpin additional funding request
Approach
- The client was looking for a bankwide strategy and business model for Open Banking to drive sustainable value creation from Open Banking
- Further, the client required better understanding and insights in the maturity of its current Open Banking capabilities and how a roadmap would look like to improve its API product portfolio and developer portal experience to underpin additional funding request
Key results
- Common understanding on Open Banking business model, strategy and strategic objectives
- Detailed API and developer portal roadmap, incl. global comparative benchmark
- Defined Open Banking transformation accelerators incl. partnership strategy, business development & monetisation, tech stack, operational support and operating model design
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