Open Banking – Embracing the new banking paradigm

To succeed in this new Open World, banks need to embrace the change, stop simply saying they are customer centric and instead focus on being customer-centric. In other industries where platform-based businesses are disrupting the status quo (e.g. retail, travel) the emphasis is on being a true customer advocate and owning the customer engagement layer. For banks, this could mean providing the financial control centre (via a mobile app) that affords customers complete control over their financial
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