Press Releases, February 23, 2021
Temenos - Company
GENEVA, Switzerland - FEBRUARY 23, 2021 - Temenos (SIX: TEMN), the banking software company, today published a new report Open banking: revolution or evolution? written by the Economist Intelligence Unit (EIU) and based on a survey of over 300 global banking executives. It finds that nearly half (45%) are set on transforming their business models to become digital ecosystems and almost a third (29%) have strategies for open bank hub initiatives. While banking data is beginning to flow, according to the report, the global revolution in open banking is a work in progress and customer experience and confidence are key to unlocking its true potential.
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<li><span><i>Nearly half (45%) of global banking executives are set on transforming their business models to become digital ecosystems</i><i> </i></span></li>
<li><span><i>Open bank hub initiatives, giving customers the option to connect their bank data with third-party providers, is the second most chosen innovation strategy globally, cited by 29% of respondents</i><i> </i></span></li>
<li><span><i>This independent report discusses open banking strategies across regions based on data from over 300 senior banking executives, half of whom are C-suite</i></span></li>
</ul>
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