Sydney 2018

Is the future of banking ‘open'? Making sense of the challenges, opportunities and strategies in the API economy

23 October 2018
10:00 to 10:50
SWIFT Institute SWIFT Hub L2 SWIFT Hub 2
Associate Professor of Management Information Systems & Innovation
Warwick Business School, University of Warwick
Moderator
CEO
NPP Australia Limited
Professor of Strategic Management
Warwick Business School
Banking Services Business Domain Lead
Australia and New Zealand Banking Group (ANZ)
Head of Product, Emerging Services
Cuscal

When thinking about digital transformation in financial services it’s impossible not to include Open Banking as one of the most influential trends that will potentially shape the future of finance. Having said that, Open Banking is much more than just a technological revolution. It requires a drastic re-think of the existing business models that banks have utilised for decades and a fundamental shift in strategy and ways of innovating. Taking lessons from earlier implementations of open banking in the United Kingdom (CMA) and the EU (PSD2), in this session we will be discussing the strategic choices as well as challenges and opportunities in the emerging Open Banking era. We will examine the state of affairs and dynamics of the open banking ecosystems and the role of platform-based business models in that context. The hour will kick off with the presentation of recent results from a longitudinal academic study on Open Banking conducted at Warwick Business School, University of Warwick, followed by a panel discussion with a number of practitioners and academics involved in this space.

Innotribe
23 October 2018
09:45 to 10:40
Innotribe Discover L4 Innotribe
Standards Forum
23 October 2018
10:00 to 10:45
Standards Forum SWIFT Hub L2 SWIFT Hub 3