OBM Q4 2021

What is happening in Open Banking?

INNOPAY monitors the developments of the Open Banking landscape with great interest. What is happening in the Open Banking landscape? Which banks have exposed APIs and what are their offerings? Through our Open Banking Monitor we share our insights and analysis with the community.

Our publications

A list of publications of the INNOPAY Open Banking Monitor can be found below:

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Open Banking Monitor Report 2022.pdf

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Innopay's Open Banking Monitor assesses publicly available developer portals of banks with an Open Banking offering (beyond the mandatory scope of PSD2). If your bank is not included or if you're interested in our approach, send an email to info@innopay.com and let us know!

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Related content

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Blog
Quo Vadis Open Banking in DACH?
Market leaders further strengthen their competitive edgeDigital value propositions in financial services have seen a surge, accelerated by many factors, including regulatory pressure (e.g. PSD2), changing customer behaviour in part driven by the COVID-19 pandemic, as well as the latest buzz around ‘embedded finance’ enabling access to fin...
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Blog
Embedded financial services: unlocking value through strategic partnerships
Embedding financial services enables financial institutions to deliver value at the point of need. Through seamless integration, financial services and products can be made available in a broader customer journey, typically facilitated on non-financial, digital platforms. Such platforms serve sizeable client segments (retail, SMEs, corpor...
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Blog
INNOPAY OBM SNEAK PEAK: Embedded Payments on the rise
With financial institutions (FIs) playing a key role within the Embedded Finance value chain, assessing their Open Banking offerings is imperative to develop a comprehensive understanding of the breadth and depth of their services. These offerings serve as key enablers for emerging embedded business models in close collaboration with thei...
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Publication |
Blog
Why corporate treasurers need Open APIs
The COVID-19 pandemic has accelerated the ongoing digital transformation process globally. This has also caused corporate treasurers to explore opportunities to digitise their business operations and look for possibilities to accelerate and optimise their decision-making. However, traditional digital channels are not equipped for real-tim...
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Publication |
Blog
The current status of Open Banking – and a glimpse into the future
In this guest blog that Mounaim Cortet has written for Nordea - a leading Nordic universal bank -, Mounaim shares the key findings from INNOPAY’s most recent Open Banking Monitor, with a special focus on Nordea as well as the future of Open Finance. INNOPAY’s Open Banking Monitor shows the efforts banks are making in expanding their API...
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Publication |
News
INNOPAY names Mounaim Cortet as Country Manager DACH
INNOPAY has named Mounaim Cortet as the new country manager for the DACH region. As of 1 May 2022, he is responsible for the operations and further market development in this region. Mounaim has been working at INNOPAY since 2012 in positions including strategy director and global lead for strategy and open finance consulting services. H...
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Topic
Open Finance
Open Finance is an emerging paradigm in the financial services industry in which value creation results from sharing, providing, and leveraging access to data, products, and services through application programming interfaces (APIs). It is designed to develop more compelling, 'embedded' value propositions and experiences for cus...
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Open Finance Webinar
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Online
Open Finance Webinar
Why and how are APIs currently remodeling the finance services industry? How can...
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Topic
Data Custodian
The rising importance of digital identity, consent management and data sharing has created a ‘Blue Ocean’ market for banks. We believe that they now have a unique opportunity to strengthen and truly safeguard their relevance in the data economy. But they need to start taking decisive action right now in order to demonstrate that they can ...
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Publication |
Blog
3 must-do actions for banks to achieve relevance in the data economy
In today’s data economy in which everything has become a transaction, future relevance for banks is no longer based on payments alone. To help senior executives of banks to start leveraging their Open Banking capabilities in this context, we recommend three must-do actions to  holistically address the components of a digital trust infrast...
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Publication |
News
PSD2 RTS one year on: snapshot of a growing TPP ecosystem
Today we celebrate the first ‘birthday’ of the Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA). 14 September 2019 was the date that marked the go-live of key security requirements for third party access to payment accounts (XS2A). Since then, banks have been required to open up certain payment functionalities ...
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Publication |
Video
The future relevance of banks in the data economy
The rising importance of Open Banking, digital identity, consent management and data sharing has created a ‘Blue Ocean’ market for banks. We believe that they now have a unique opportunity to strengthen and truly safeguard their relevance in the data economy. But they need to start taking decisive action right now in order to demonstrate ...
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Topic
PSD2
Open Banking is set to transform digital experiences to add customer value and put the customer more in control of its data.
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Publication |
News
Sneak preview of the INNOPAY Open Banking Monitor – May 2020
Keep an eye out for our upcoming blog on the latest INNOPAY Open Banking Monitor. We reflect on the status quo of the Open Banking landscape, discuss the new ‘Masters of Openness’ and explore what it takes to build, maintain and grow your Open Banking community. The updated version of our Open Banking Monitor will cover: 1,500+ individu...
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Publication |
News
WEBINAR: Mastering Open Banking
On Thursday 28 May, we are organising a webinar on Mastering Open Banking. What are the latest developments? What are examples of best practices? And what can we learn from the experiences of banks themselves? In this webinar, Karl Illing (director & country lead, INNOPAY Germany) and Mounaim Cortet (senior manager at INNOPAY) will p...
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Topic
Open Banking
Adding customer value through Open Banking by sharing, providing and leveraging access to bank resources through application programming interfaces (APIs). We support banks in their PSD2 and Open Banking transformation. Find out how.
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Publication |
News
INNOPAY Open Banking Monitor: Banks moving beyond the PSD2 requirements
Open Banking has seen considerable activity in the last few months. Indeed, with the EU’s compliance deadline for PSD2 looming, Open Banking developer portals have emerged in great numbers, with 300-plus banks now in our monitor. In the recent release of the INNOPAY Open Banking Monitor (OBM), updated in August 2019, we described the cur...
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Publication |
Blog
Is Embedded Insurance the killer app for mobile banking?
As the number of digital transactions is growing exponentially, companies who have relevant and frequent digital interactions with their customers compete to become future ecosystem orchestrators. This is also true for the banking sector, where customers are increasingly banking through their smartphone, making that the primary digital so...
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Publication |
Blog
Open Banking Monitor (OBM) 2019: let’s take a moment to make up the rankings and identify potential new “Masters in Openness”
Looking back on a much eventful year in Open Banking; various banks have updated their Developer Portal in the last quarter of 2018, either by expanding the Functional Scope, by offering more APIs, or by introducing tools and features improving the Developer Experience. Predominantly with the shared goal of attracting more end-customers, ...
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Publication |
Blog
Seamless, Uber-like payments, brought to your bank account
Towards the first pan-European Open Banking based scheme Imagine you’re taking an Uber at the airport, get to your destination and while you’re getting out of the Prius … ping… you receive a push notification from your bank that says € 32,78 was debited from your payment account. The full Uber experience, but no cards or wallets needed. 
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Publication |
Blog
Banks should open-up beyond PSD2 to deliver on the innovation promise
We all know by now that “XS2A” - access to payment accounts by third party providers (TPPs) - is going to happen in some shape or form under PSD2, but there is still considerable uncertainty. The transposition of PSD2 into national law is being delayed in twenty member states[1] and while the Regulatory Technical Standards on Strong Custo...
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Publication |
Blog
EBA RTS: Three key business implications for bank decision makers
The European Banking Authority’s (EBA) has published its long-anticipated draft Regulatory Technical Standards (RTS) on ‘strong customer authentication and secure communication’ on 12 August. The RTS are considered key to achieve the PSD2 objectives of enhancing consumer protection, promoting innovation through competition and improving t...
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