{"id":13110,"date":"2019-06-26T06:56:39","date_gmt":"2019-06-26T06:56:39","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=13110"},"modified":"2019-06-26T06:56:39","modified_gmt":"2019-06-26T06:56:39","slug":"open-banking-platforms","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/open-banking-platforms\/","title":{"rendered":"Open banking platforms"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Open banking and the regulatory environments driving it are forcing financial institutions to become a platform business. However, there are 4 such platforms for financial institutions to consider:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Proprietary platforms<\/b><span style=\"font-weight: 400;\"> use open APIs to make data accessible to developers and to offer finalized products to consumers.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Joint venture platforms<\/b><span style=\"font-weight: 400;\"> encourage collaboration among sponsors (such as FinTechs) to create and control a shared interface.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Licensing platforms<\/b><span style=\"font-weight: 400;\"> enhance network effects by using a single sponsor and a variety of providers to bring a visible interface to producers and consumers.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Shared platforms<\/b><span style=\"font-weight: 400;\"> have no single controller for development, instead allowing multiple parties to bring the interface to producers and consumers.<\/span><\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-13110 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Russian banks\u2019 tentative start with open APIs'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/russian-banks-tentative-start-with-open-apis\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/russian-banks-tentative-start-with-open-apis-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12905\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12905'>\n\t\t\t\tRussian banks\u2019 tentative start with open APIs\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Navigating the open waters of data'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/navigating-the-open-waters-of-data\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/11\/navigating-the-open-waters-of-data-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13994\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13994'>\n\t\t\t\tNavigating the open waters of data\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='In-demand FinTech skills'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/in-demand-fintech-skills\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/05\/in-demand-fintech-skills-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12728\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12728'>\n\t\t\t\tIn-demand FinTech skills\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Open banking and the regulatory environments driving it are forcing financial institutions to become a platform business. However, there are 4 such platforms for financial institutions to consider: Proprietary platforms use open APIs to make data accessible to developers and to offer finalized products to consumers. Joint venture platforms encourage collaboration among sponsors (such as &hellip;<\/p>\n","protected":false},"author":5,"featured_media":13139,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[49,287],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13110"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=13110"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13110\/revisions"}],"predecessor-version":[{"id":13111,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13110\/revisions\/13111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/13139"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=13110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=13110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=13110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}