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Is open banking driving the financial industry towards a true electronic market?

Richard Dratva ()
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Richard Dratva: CREALOGIX

Electronic Markets, 2020, vol. 30, issue 1, No 10, 65-67

Abstract: Abstract Over the last two years, there has been an exponentially increasing number of articles, tweets, interviews and specialist panels about open banking and how banks, fintechs, and the whole industry can profit from this fundamental, irreversible and revolutionary change. Experts have argued with increasing urgency that the market players have to step on the gas if they want to gain a good position in this new and unknown open banking world. The bottom line is that banks can profit strongly if they do it right.

Keywords: Open Banking; Multibanking; Digital Banking; Financial ecosystem; PSD2; Fichtech (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1007/s12525-020-00403-w

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