Customer experience and your bottom line
Executive summary for banking and capital markets.DOWNLOAD
Open Banking – the introduction of new services and more choice for customers and increased competition across Financial Services - has been the dream of regulators for many years. The introduction of the Second Payment Services Directive (PSD2) has made this dream a reality across Europe.
Third party developers can now build applications and services around customer data held by financial institutions using Open APIs. This raises interesting challenges and exciting opportunities for both banks and service providers as we move into a new era of Open Banking.
Financial services firms need to react quickly as Open Banking becomes a reality in many markets. They need to develop, test and validate new value propositions faster and more effectively than their competitors.
That’s why Avanade and Accenture have created a unique API management accelerator, hosted on Microsoft Azure. The accelerator enables firms to fast-track innovation with Open APIs and provides them with the ability to market-test new value propositions and engage with innovative fintechs and partners via a marketplace model.
Discover three visions for banking and hear from our clients on life in this post-PSD2 world.
That’s not the view of Financial Services expert Paul Bowen – find out why.
Find out how digital technology can transform your bank’s operations.