Banks are learning how to monetize the global open banking movement — but there are still several obstacles to success:
And banks are beginning to identify how to monetize this global movement: Most banks and fintechs think that a revenue-sharing model, meaning that the API provider and user share generated revenue, is the most suitable option, according to a newWhile having a monetization strategy is a good start, there are still several obstacles that both banks and fintechs will have to overcome for open banking to be successful.
When it comes to collaborations between fintechs and banks, there are both cultural and technical barriers. Differences in organizational culture and mindset are a barrier cited by 66% of banks and 70% of fintechs. However, while 70% of fintechs think process barriers are an issue, only 52% of banks agree. Additionally, over half of bank and fintech respondents see problems with IT incompatibility between banks' legacy systems and fintechs' IT systems.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Investors Shun Banks Buying Other BanksShares of banks buying other banks are underperforming, reflecting investor concerns that potential economic weakness could depress future earnings and portend bigger-than-expected loan losses at target firms.
Weiterlesen »
Plot Twist: 'Outer Banks' Was Not Actually Filmed in the Outer BanksEverything is a lie.
Weiterlesen »
Stocks see modest pullback at open as central banks, trade stay in focusU.S. stocks edged lower at the opening bell on Monday ahead of a busy week packed with meetings by the Federal Reserve and the European Central Bank....
Weiterlesen »
Banks re-open as Hong Kong returns to normal ahead of weekend protestPolice kept a close watch over central Hong Kong as the Asian financial hub retu...
Weiterlesen »
Open and closed for July 4th 2019: Mail, banks, stores and more
Weiterlesen »
Wall Street set open higher as banks rise after Citi resultsWall Street was set to extend last week's gains at the open on Monday as se...
Weiterlesen »