9 in 10 finance professionals say open banking is a key part of a bank’s landscape

More than half said it’s now a “must-have” for banks.

The majority (99%) of professionals consider open banking as either a “must have” or “important” for banks, Finastra’s global survey showed.

Compared to last year (97%), the percentage of professionals who regard open banking as a key part of a bank’s landscape has risen.

Those who consider it a “must have” also rose, jumping from 56% in 2021 to 64%.

Apart from open banking, professionals (44%) consider "open finance" a must-have for banks. This is likely because 85% of professionals believe that "open finance" gives consumers access to a greater range of financial services.

Additionally, three-quarters (76%) agree that open finance has the potential to bring about fairer and more equal financial services.

Most of them (90%) also believe that open finance has made the industry more collaborative.

Follow the link for more news on

Open Banking

Also Read

Bank of East Asia officially opens Global Services Centre

Chinese banks’ DeepSeek adoption brings risk management challenges

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit