{"id":13051,"date":"2019-06-18T11:55:57","date_gmt":"2019-06-18T11:55:57","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=13051"},"modified":"2019-06-18T11:55:57","modified_gmt":"2019-06-18T11:55:57","slug":"open-banking-for-the-corporate-sector","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/open-banking-for-the-corporate-sector\/","title":{"rendered":"Open banking for the corporate sector"},"content":{"rendered":"

Recently, Accenture surveyed more than 650 businesses as well as 100 global banks to get their take on open banking for the corporate sector. The survey found that 77% of businesses already participate in open banking ecosystem platforms or plan to do so within the year. Similarly, 80% of banks already significantly invest in open banking or plan to do so within the year, and nearly 90% indicated that they are willing to build an ecosystem platform with third-party services for their commercial customers.<\/span><\/p>\n

Despite the move toward open banking on the part of both sides, there is somewhat of a disparity between what businesses want and what banks plan to provide. This has opened up a gap that many digital newcomers are eager to fill. Novel bank competitors (e.g. LendingClub, Kabbage, Xero and Tide) are already using real-time data to offer more customer-centric bundled solutions on seamless platform-based ecosystems that interact with banks where necessary. And FinTechs and ERP software providers (e.g. Stripe for online payments processing and SAP for cash management-ERP integration) are looking to help businesses gain greater efficiencies in payments.<\/span><\/p>\n

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