We supported a large German bank in assessing and prioritising Open Banking capabilities to drive value creation with APIs for Retail and Corporate customers
Challenge
- The client wanted to enable more informed and transparent decision making on API & developer portal roadmap, related priorities and investment needs
- For this purpose, client was seeking to understand how its Open Banking capabilities (API products and developer portal features) benchmark against its direct peers and industry leaders in the Open Banking market
Approach
- Deepdive analysis on client’s Open Banking capabilities based on the INNOPAY Open Banking Capability Model (covering 2000+ API products and 70+ developer portal experience features)
- Deepdive analysis on competitor strategies and Open Banking industry leaders for benchmarking purposes and identification of best practises
- Collaborative strategic exploration on potential Open Banking strategies and refinement of API and developer portal roadmap
Key results
- Renewed Open Banking vision and insight in potential business model to pursue
- Identified focus areas and best practices for improvement of Open Banking capabilities
- Detailed API and developer portal roadmap to fuell client’s Open Banking initiatives
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