Open finance use cases guide for financial institutions
How banks are innovating through open finance
This white paper addresses the potential of data democratization for banks and other financial institutions. Access to rich, quality financial data can accelerate conversion processes and help institutions offer solutions that better meet the needs of their users.
What you’ll find in this document:
- Current situation of open finance in Latin America
- Identifying use cases for financial institutions
- The power of transactional data to improve risk analysis
- How to develop a roadmap for implementing open finance in financial institutions
The revolution is here to stay: identifying use cases
The financial market is undergoing an unprecedented transformation in Latin America. And if there is one trend with sufficient incentive to change the paradigms of the banking sector, it is open finance. This white paper presents testimonials from industry leaders who talk about the paths that banks in the region are taking to gain a more holistic view of their existing customers and reach new audiences that were being neglected by the financial industry.
“Open finance gives us a much more holistic view of our own customers’ current financial situation. And I think that’s super powerful in understanding what other products and other services are being used beyond us as a bank.”Esteban Domínguez
Head de Digital Business Development no Citibanamex