How can banks unlock growth with open finance?

Summary

Open finance is reshaping how banks compete for customers, moving beyond traditional account data sharing toward a connected ecosystem of APIs, embedded finance, and third-party partnerships. As smartphone penetration, e-commerce adoption, and digital-first expectations accelerate across markets, customers increasingly demand fast, secure, and personalised financial services rather than the siloed products legacy banks were built around.

For banks, this shift represents both a competitive threat and a meaningful growth lever. Institutions that treat open finance as a strategic capability rather than a regulatory checkbox can unlock new revenue streams, deepen customer relationships, and extend their reach into underserved segments through partnerships with fintechs and technology platforms. The opportunity spans retail banking, SME lending, wealth management, and payments, with implications for how banks structure data sharing, consent management, and API infrastructure.

Understanding where the real growth potential lies requires looking past the hype toward the specific enablers that separate banks capturing share from those losing ground to more agile challengers, including addressable market sizing, economic impact modelling, and critical success factors for scaling open banking propositions.

• Covers banks, fintechs, and technology platforms navigating open finance strategy
• Includes an interactive quiz to test your grasp of the growth opportunity

What separates banks that unlock durable growth from open finance from those that merely comply with it?