Open API Innovation
Financial services is entering a new era of openness. Banks have already been challenged by new developments in key areas such as payments and lending.
Using Open API’s will help todays corporates and institutions scale innovation to partners outside their organisation in niche FinTech services areas. Building this ecosystem is a barrier in itself.
We have built a global FinTech ecosystem of innovators through our corporate innovation mandates making us the best partner to support Open API standard implementation and system transformation for institutions, technology and telecommunications companies.
Combined with our virtual commercial and technical skill set, we can support a full life cycle of sourcing, connecting and optimising an Open API FinTech community. We blend that with deep industry knowledge to make sure we develop and execute in a unique way for each client.
Our Approach & Services
We work with your teams to identify and prioritise where to start your journey by providing frameworks and guidance on market opportunity, compliance and regulatory considerations and the types of open API business models most relevant to your needs.
We develop a gap analysis and a Open API FinTech roadmap for you to engage directly with your chosen FinTech partners or to lead onto our ability to support the access to our own global ecosystem via Collaborate.
We look to develop POC’s for you directly blending our global innovation ecosystem know-how ad reach, our industry expertise and compliance and risk skills to kick-start tangible solution sets to either accelerate or initiate your FinTech journey.
We combine our reach in FinTech with Open API technical, industry and innovation capability
Maximising the transformation journeys for institutions, technology companies and Telco’s possible with ‘Open API standards’ in FinTech.
Our deep access to best in class FinTech innovation, means we are a natural choice to help enterprise clients source, collaborate and test solutions.
We work with corporates and institutions who are committed to an outside-in approach - those who are opening up their APIs and providing authenticated and authorized access to independent developers and FinTech companies.
We bring cutting edge Regulatory Risk thinking to maximise the opportunities with TECH innovation for providers and turn Regulatory Compliance into a competitive advantage for industry players.
Benefits of our approach
Inability to innovate in an agile way is pervasive across Finance
Ability to execute the speed that innovation requires is impossible for most financial institutions
Inadequate Regulatory Risk Management or understanding of emerging risks