News & Insights

265 results found

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Blog

Why should banks prioritise becoming the new 'Data Custodians' of the digital economy?

To access to an extended paper which expands on the concepts introduced here, click the link at the end of this blog to download 'Establishing the trust anchor in the digital economy: the case for banks to become 'Data Custodians'. The original article was initially published in the Journal of Payments Strategy & Systems (peer-reviewe...

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Blog

Bancassurance 4.0: Open Banking APIs as a new growth engine

Customer interaction and product distribution is increasingly taking place at new forefronts: at the point of interaction of digital journeys in third-party channels. The rapid rate of digitalisation is also driving the next phase of bancassurance. Banks need to start preparing for this right now – not only to protect their market share, ...

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Blog

INNOPAY Open Insurance Monitor update: Insurtechs on the rise while incumbents are in limbo

Open Insurance continues to be the next game changer in insurance. The second ed...

Build a resilient approach to measuring and monitoring your Open Banking business case

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A well-structured approach to building Open Banking business cases will help you identify, measure and monitor the creation of business value

To receive exclusive access to an extended Paper which expands on the ideas deve...

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Blog

Why banks must evolve their operating model to capitalise on the commercial opportunities of Open Banking

In this blog, Josje Fiolet and Mounaim Cortet, Senior Managers at INNOPAY, discuss how banks need to update their ways of working to realise the commercial benefits of Open Banking. They provide an introduction to the six main challenges for banks and propose a targeted approach to help them improve their operating model in three key area...

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News

Global Open Banking Report 2020 – Beyond Open Banking, Into the Open Finance and Open Data Economy

Technological progress, the current COVID-19 pandemic and changes in customer be...

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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 in...

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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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Blog

Why banks must become the data custodian in the data economy

The rising importance of digital identity, consent management and data sharing has created a ‘Blue Ocean’ market for banks. I 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 p...

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Blog

INNOPAY Open Banking Monitor: Increasing API focus on business and community context

Banks need to get their Open Banking strategy right. Our research indicates that...

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Blog

EPI: Paving the way for future bank relevance, and not just through payments

Sixteen major Eurozone banks have come together in the European Payments Initiative (EPI) to launch a new payment system aimed at taking on rival card schemes and the threat posed by Chinese and US big-tech firms. Although previous pan-European collaboration projects (e.g. Monnet, Eaps, Payfair) have not been perceived as a great success,...