Open Banking: A New Frontier

August 13, 2021

As digital banking has become more commonly accepted by consumers, expectations
about the customer experience have risen as well. A new survey of executives at banks, wealth firms and financial technology companies (FinTechs) by Arizent Research/American Banker in partnership with Envestnet | Yodlee, a leading financial data aggregation and analytics platform, finds that banks see open banking as a seismic shift in the way customers experience and interact with financial services. The majority (84%) believe open banking will significantly or dramatically reshape the financial services industry over the next 10 years.

Welcome to our Hub

Open Banking: A New Frontier

Next Flipbook

Open Banking: A New Frontier

Next Flipbook

Other content in this Stream

Banks and FinTechs must seek a company that offers trusted and secure access to financial data, provides comprehensive access to quality data at scale, and produces actionable intelligence.

Watch our on-demand webinar to see how open finance and access to alternative data can revolutionize customer experiences related to insurance, utilities, and telecommunications, and other industries.

The essentials of a trusted and secure model for open banking and how we can all work toward a future ecosystem that empowers consumers and supports responsible data access

The open banking ecosystem of new and improved data access methods between financial institutions, data aggregators, application providers, and consumers offers powerful benefits.

This whitepaper will delve in on how FinTechs can best capitalize on opportunities and navigate challenges by understanding how Open Banking ecosystem works.

Open banking is the term used to describe the structured sharing of data by consumers with (and between) their financial service providers, based on those consumers’ needs and informed consent.

Learn more about Open Banking in the United States, and how this shift will change the way millions of consumers interact with financial services and personal financial wellness providers.

With over 20 years of experience in financial data aggregation, Envestnet | Yodlee is uniquely prepared to help integrate open banking into your business.