KPMG Open banking opens opportunities for greater customer value
By FF Newsroom · 13 November 2019
KPMG have developed a short 4 page report that blueprints how banks can develop and roll out value adding open banking propositions to customers.
The report summarises:
- How open banking is being rolled out in key regions through duel drivers of customer expectation and regulation
- The open banking use cases that add customer and business value including comparison services, KYC, auto-saving and credit scoring
- How open banking uses cases drive customer value by making digital assets stickier and enabling better personalisation
- An assessment of the potential business models that banks can adopt to attain value from the open banking evolution
- A simple, 6 step roadmap to deliver open banking success from customer engagement to data security and partnerships strategies