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

dc.contributor.author O'Leary, Kevin
dc.contributor.author O'Reilly, Philip
dc.contributor.author Nagle, Tadhg
dc.contributor.author Filelis-Papadopoulos, Christos
dc.contributor.author Dehghani, Milad
dc.date.accessioned 2020-12-24T20:13:44Z
dc.date.available 2020-12-24T20:13:44Z
dc.date.issued 2021-01-05
dc.description.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.
dc.format.extent 11 pages
dc.identifier.doi 10.24251/HICSS.2021.713
dc.identifier.isbn 978-0-9981331-4-0
dc.identifier.uri http://hdl.handle.net/10125/71333
dc.language.iso English
dc.relation.ispartof Proceedings of the 54th Hawaii International Conference on System Sciences
dc.rights Attribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.uri https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject Digital Innovation, Transformation, and Entrepreneurship
dc.subject open banking
dc.subject open data
dc.subject value
dc.title The Sustainable Value of Open Banking: Insights from an Open Data Lens
prism.startingpage 5891
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