12 October 2017
What is Open Banking?
Background:Saxo Bank has been offering white label solutions to its clients and brokers since the early 2000’s. The bank believes that the best, most memorable and valued client experiences are enabled via Open API’s and created in collaboration.
With initiatives like PSD2 and the British Treasury’s Open Banking Standard initiative it seems that the industry is also starting to embrace the same vision (although we may still be talking more “stick” than “carrot” here). Technically it could have happened much earlier, but with the continued downwards price pressure on standard financial services, the industry is now being forced to innovate and offer clients more.
This simply requires collaboration, which in turn requires open systems. For this reason open banking systems are finally becoming a must have, rather than a nice to have, for any serious institution who wants to also remain relevant in the next decade. Saxo Bank is one of Europe’s leading banks demonstrating this approach for years, and this evening we will hear the details of how to make this happen.