Monetizing Quick-Win Solutions Will Help Banks Lead the New Payments Ecosystem
In this year’s report, we focused our analysis on business-model innovations and how incumbent firms need to revisit their existing business model and transform to win a leading position in the value chain. As banks are yet to wholeheartedly support Open Banking, we have provided recommendation on, how incumbents must unleash the potential of Open Banking and leverage suitable ecosystem-based business models . The report also covers strategies that will keep banks viable and focused on the future. The report also analyzes the state of Open Banking through our Payments Open Banking Assessment across 18 selected countries.
Bank in an ecosystem context
In an ideal scenario, with frictionless adoption of Open Banking initiatives, banks can emerge as a one-stop-shop for all customer requirements – even beyond everyday banking and financial needs. The two most important factors underpinning Open Banking success are seamless data access and sharing and removing barriers to competition.
Bank in an open ecosystem context
World Payments Report 2019
The World Payments Report 2019 from Capgemini is the leading source for data, trends and insights on global and regional non-cash payments, the key regulatory and industry initiatives (KRIIs), and today’s dynamic payments environment. This 15th edition analyzes the digital transformation across the global payments market as new market participants like BigTechs, emerging technologies, and changing customer expectation spur disruption.Download now