From opportunistic APIs to an open banking strategy

Challenge: effective API positioning for open banking services and preparation for implementation.

Initial situation

The management of a bank wants to know which prerequisites it needs to meet and how to best position itself to ensure that it is competitive in the field of open banking.

Solution

We defined the API capabilities required by the bank on all levels, starting with the strategy level and going all the way to the IT platform for API. These capabilities were consistently integrated into the financial institution’s target operating model.

Result

The client understands the required API capabilities, was able to make the corresponding decisions in terms of resources based on the objectives we determined, and was able to position itself for the future of open banking.