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

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 %)