Please use this identifier to cite or link to this item: http://hdl.handle.net/10125/71333

The Sustainable Value of Open Banking: Insights from an Open Data Lens

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Title:The Sustainable Value of Open Banking: Insights from an Open Data Lens
Authors:O'Leary, Kevin
O'Reilly, Philip
Nagle, Tadhg
Filelis-Papadopoulos, Christos
Dehghani, Milad
Keywords:Digital Innovation, Transformation, and Entrepreneurship
open banking
open data
value
Date Issued:05 Jan 2021
Abstract:Open Banking has emerged as an initiative which has the potential to disrupt the retail banking sector by improving competition and innovation in the industry. But is Open Banking capable of producing sustainable value? This is a question that is relevant for all open initiatives given the transfer of value from incumbents to newer entities with the aim of improving innovation and customer benefit. It is particularly relevant for Open Banking at this stage of its maturity. This study undertakes a global analysis (across 17 regions) on Open Banking through the lens of Open Data. We contribute to the open data lens and provide insights into the potential success of Open Banking. Specifically, we synthesise a definition of Open Banking, we highlight that Open Banking is not entirely ‘open’ compared to other open initiatives, and we discuss how Open Banking may provide sustainable value for consumers, Fintech’s, and traditional banks.
Pages/Duration:11 pages
URI:http://hdl.handle.net/10125/71333
ISBN:978-0-9981331-4-0
DOI:10.24251/HICSS.2021.713
Rights:Attribution-NonCommercial-NoDerivatives 4.0 International
https://creativecommons.org/licenses/by-nc-nd/4.0/
Appears in Collections: Digital Innovation, Transformation, and Entrepreneurship


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