Open banking is an important strategy for financial institutions to compete and grow. It creates opportunities to co-innovate with Fintechs, access new distribution channels and differentiate through personalized digital experiences.
As agile, scalable technology makes it faster and easier for financial institutions to share data with third parties and Fintechs, open banking gives banks the tools to own the customer journey like never before.
Working with Fiserv to share the wealth of available data with other entities, financial institutions can:
Fiserv is committed to helping financial institutions use technology to pursue open banking strategies, create added value for customers by embedding financial services into their lives, and explore new, profitable business models.
Fiserv has laid a strong foundation for open banking:
Tap into a strong
foundation of open
Fintechs to launch new
Launch their own open
Fiserv continues to build on this foundation to implement an open banking strategy with three key deliverables planned: