Open banking

EXPANDING FINANCIAL SERVICES AND HOW THEY’RE DELIVERED

Open banking is expected to be a key driver of innovation in financial services over the next decade, transforming the relationship that banks have with their customers – from how they interact and the services they provide - to the channels they use for engagement.

Open banking is expected to be a key driver of innovation in financial services over the next decade, transforming the relationship that banks have with their customers – from how they interact and the services they provide to the channels they use for engagement.

Much of this is enabled using Application Programming Interfaces (APIs) – which give third parties access to a bank’s data infrastructure in an effective, secure and open way.

Many banks globally are embracing open banking, and exploring opportunities to collaborate with FinTechs and other partners that can help them harness the value of their data.

Blanc Labs is a member of FDX (Financial Data Exchange) and is pioneering the consumer directed finance (also called open banking) movement in Canada.

Whether you’re looking to understand the impact open banking could have on your institution or want to find partners who can help you enhance the value you provide to customers, we can help.

Are you looking to:

Understand the opportunities in your data

Many banks globally are embracing open banking, and exploring opportunities to collaborate with FinTechs and other partners that can help them harness the value of their data.

Reinvent how you deliver financial services to your customers

We have a robust track record of working with banks, financial institutions, and FinTechs to help spur innovation. We can use this experience to hit the ground running to help you achieve your objectives.

Work more effectively to develop and implement open banking solutions

We bring together experts from across your business to develop innovative solutions for you. We can help you bridge the trust divide between your technology and business teams with our experience to foster higher levels of confidence in each other and more buy-in for joint activities.