News & Insights

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...

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

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...

As every interaction becomes a transaction, Open Insurance or API (B2B2C) insura...

In the past few years new and innovative banks, also known as challenger banks, have entered the scene to disrupt the German consumer banking market. Even though a customer does normally not sign up for a new bank account every year, those new players have been recognised to attract and convert a rapidly growing digitally-savy customer ba...