White Paper

Opportunities and Challenges of Open Banking Around the World

HID Global

Open Banking is spreading across the globe, disrupting financial institutions banks roles and business models. Security of the data is key in digital transformation and delivering innovative and customer tailored services becomes key.

This market shift brings along some challenges for banks around their existing business models and the way they are able to secure customers’ assets.

In this paper we discuss:

  • How Open Banking spreads across the world
  • How banks shall approach this change in order to cultivate stringer customer stickiness
  • Why trust Is the foundation for Open Banking