Open Banking hasn’t, at least not yet, revolutionized the financial industry in the way many had hoped. Why? Because people underestimated just how quickly banks could adopt open banking. This whitepaper will cover what banks need to do next.

If Canada’s banks are going to become global financial innovators, they need to be open-minded when it comes to working with fintechs and embrace these four key trends. They include open banking, authentication and digital identification, payments modernization, and embedding financial services within other applications. In this white paper, we break down each trend and look at how banks can adopt each one.

Clients want to work with companies that make their lives easier, whether that’s helping them pay their business’s bills faster, improve their accounting capabilities or help them run their operations more efficiently, and they will eventually demand that their banks play nice. By sharing data – in accordance with the customer’s wishes – everyone can benefit.

Clients want to work with companies that make their lives easier, whether that’s helping them pay their business’s bills faster, improve their accounting capabilities or help them run their operations more efficiently, and they will eventually demand that their banks play nice. By sharing data – in accordance with the customer’s wishes – everyone can benefit.

Corporate customers are no longer satisfied with the status quo, instead seeking out services tailored to their unique needs. To keep up with shifting demand, banks need to innovate in ways that keep them accessible and valuable to their customers. Find out how.

While the world may be moving to a more cloud based
future, there’s one industry that’s still
resisting change: financial services. According to a
451 Research survey, only 18% of financial services
organizations and banks are fully deployed on the
cloud.