Can Open Banking Break Down Silos in Bank Culture?

Can Open Banking Break Down Silos in Bank Culture?

The concept of open banking is often described as the free exchange of data with consumer consent, of course. The goal is to anticipate individual consumer needs by feeding AI and machine learning programs with buckets of data. Then, team up with third parties to...
A Call for Traditional Banks to Break Out of the Branch

A Call for Traditional Banks to Break Out of the Branch

Traditional banks are truly at a crossroad. It is a divergence carved out by increasing competition and changing consumer attitude. On one side, there’s the familiar way that things have always been done. On the opposite path, runs the dark and foggy road of uncertain...
Has the Ship Sailed on Open Banking Partnerships?

Has the Ship Sailed on Open Banking Partnerships?

Last year, the finance industry buzzed with the endless possibilities of fintech and traditional banking partnerships. It was believed that traditional banks might benefit from the speed, agility, and focus of startups. Plus, they could keep a close eye on disruptive...
Open Banking: Using Rich Data and Functionality

Open Banking: Using Rich Data and Functionality

As a bank executive, you know your company has access to all kinds of data, and your job is to find the most valuable ways to use it. Data is an opportunity to understand your customers better and get an idea of their needs. According to Srini Nallasivan, chief...