With open banking penetration still at a formative stage, it will be important to understand which products and services, will propel usage to a broader audience. What are the likely second stream of services that will capture the imagination of consumers? What benefits will these services need to deliver to consumers to lead them to deepen their relationship with their existing providers or switch to a new organisation?
In addition how are traditional retail payment and clearing cycles likely to be impacted by open banking? How will the consumer benefit and what are the implications for established transaction and settlement networks?
James Dickerson will use his experience of supporting start-ups and more established financial providers at Accenture, to explain what it takes to be a successful Fintech in the Open Banking era. He will also cover what opportunities will come to fruition in this new era.