Cover for the April 2023 PYMNTS and The Bank of London Playbook “The Guide to Open Banking: What Enterprise Customers Need to Know Now”

What Enterprise Customers Need to Know Now

Open Banking Is Changing the Payments Game, and Enterprises Must Keep Up

Open banking redefines the speed and accuracy of financial services, and businesses will need to adjust — or fall behind. “The Guide to Open Banking: What Enterprise Customers Need to Know Now,” a collaboration with The Bank of London, lays out the challenges and opportunities of the new banking paradigm.

Inside the April Playbook

  • Education: Enterprises must explain the benefits of open banking and new amenities so clients and customers can try them safely.
  • Enabling Open Banking: Banks must embrace an end-to-end digital architecture, which requires modern banking platforms that are elastically scalable and based on APIs.
  • A Worldwide Phenomenon: Outside the EU, six more markets are currently developing open banking APIs and market standards for open banking are emerging in more than 10 others.

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