Consumer-Driven Banking and Open Finance
Winning in an Ecosystem Economy
Open finance and consumer-driven banking are a strategic growth opportunity for Canadian and US Financial Institutions. Organizations that enable customers to have greater access and control of their financial data, adopt a partnering approach to delivering new products and services, and are committed to innovation will stand to gain the most over the next decade.
Technical teams may be interested in our free resource on Open Banking Architecture Â
Are you ready for open banking?
We work cross functionally to assess and develop a customized plan for participating and winning in the ecosystem economy.
It is important that there is a clear strategy that underpins how you create and deliver value in an ecosystem economy. We will help you understand, assess and prioritize use cases that align with your value proposition, customer approach and unlock new strategic opportunities for your business.
Keeping your technology and business goals at the forefront, we will guide you through collaborations with other financial institutions and non-banking entities, with recommendations on how to enhance data utilization, establish market value, and create innovative offerings for your customers.
Developing an enterprise strategy on how to enable and manage access, maintenance, security, governance and management of APIs is a critical component of an open banking strategy.
EQ Bank Uses 3rd Party Data Integrations to Improve Lending Outcomes
EQ Bank Uses 3rd Party Data Integrations to Improve Lending Outcomes
Blanc Labs enhanced EQ Bank’s residential mortgage originations process by integrating Flinks’ Data Aggregation and Instant Bank Verification Data Connectivity tools.
The Benefits of API-driven innovation
The Benefits of API-driven innovation
Enable intelligent decision-making and strengthened business security by leveraging analytics and machine intelligence for data mining.
Create and deploy innovative digital-native business models.
Monetize your data. Create new revenue streams.
Bridge the gap between legacy systems and new technologies.
Embrace the ecosystem approach to finance.
Take your ideas to market faster and at lower costs.
Open Banking Whitepaper
Learn more about consumer-directed banking and open finance through our detailed whitepaper that provides financial institutions a comprehensive understanding of how to design, build, and execute on a winning open banking strategy that is unique to your business.
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