Open Banking – Opportunity or Threat?


Fintech, Retail Banking

Richard Nolan

Richard Nolan

Operations Director

The Financial Services Forum

Eight in ten bankers see open banking as an opportunity

Banks are re-thinking their business models and embracing fintech, in search for profitability, a Temenos-Accenture report finds.

Eight in ten bankers see Open Banking as more of an opportunity than a threat and 62 percent would be prepared to distribute third-party products through their platforms and channels, according to Temenos’ 10th annual banking survey. The findings underscore banks’ willingness to change their business models to improve profitability, which emerged as the top concern in the survey. The report, ‘Searching for profitability in a fast-changing world’ is co-authored by Temenos and Accenture, and includes a survey of 248…

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