Most large global banks plan major investments in open banking: Accenture

Open banking is an emerging service model that allows customers to share access to their financial data with non-bank third parties, which can then use that data to provide them with better banking

banking, open banking
Representative image
SRT Team
Last Updated : Oct 23 2017 | 1:04 AM IST
All but one of 100 payments executives at large banks say their bank plans to make major investments in open banking initiatives by 2020, according to a global study by Accenture. Open banking is an emerging service model that allows customers to share access to their financial data with non-bank third parties, which can then use that data to provide them with a better banking experience


Source: Accenture (All figures in %)

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story