Open Banking and Financials are a paradigm shift in the way Banks would deliver financial products to customers along the entire value chain. It’s being fueled by two main important objects – API’s and Data. API and Data would important pillars of the nature of change that it brings goes beyond technology developments, product innovation or regulatory edicts.
Open Banking requires banks to reinvent and reposition their businesses to remain relevant within customer lifestyles and customer journeys. A range of rapidly evolving collaborate-compete business models define the ways of interaction between banks, FinTech and a wide ecosystem of financial and non-financial partners.
At BRINDLEY TECHNOLOGIES, Open Banking solutions comprise a set of techno-functional frameworks, a well-curated FinTech partner ecosystem, an innovation infrastructure and a depth of engineering, critical thinking and design thinking expertise that help a bank create differentiated Open Banking strategies and implement them.
