A new report published by The Paypers reveals how Open Banking has evolved and the new business and monetisation models and key use cases, as the industry heads towards Open Finance and an open data economy.
The Open Banking Report 2021 is aimed at banks, fintechs, challengers, regulators, technology providers, payments solution providers, APIs developers, corporates, SMEs, consultants, industry associations, and marketplaces solution providers interested in learning more about the trends that shape the Open Banking industry.
The latest report provides an update on the state of Open Banking globally, with editorials from Deutsche Bank, Konsentus, the European Banking Association and FDATA North America, while contributions from Mambu, INNOPAY and Banco Comercial Português cover consumer education, data and digital readiness.
In addition, key editorials from Trustly, TrueLayer, Token, American Express, Worldline, Volt, Form3, OpenPayd, Plaid and Yolt Technology Services consider how Open Banking is driving payments innovation.
Other topics explored in the report include the promise of embedded finance and Banking-as-a-Service, how to unlock value for businesses and consumers, and authentication, authorisation, and managing risk.
Contributors include Simon Torrance and 11:FS, HID Global on how to balance user experience and security, EY Fraud Technology and Operations on how to secure Open Banking, and Ghela Boskovich on SCA and 90-day reauthentication.
In this latest edition of the Open Banking report, The Paypers has updated its key infographic and industry mapping of solution providers in Open Banking with new names, following active discussions with relevant companies and feedback on previous editions.
The Paypers said: “The Open Banking Report 2021 has put together an insightful and unique outlay of the global Open Banking ecosystem in the guise of a thorough global infographic and industry mapping of the key solution providers and their core offerings and solutions.”
The report, which is endorsed by industry consultancies and associations, including Holland FinTech and INNOPAY, can be downloaded here.