618738 fiserv open banking infographic v5 opt 1...accelerate digital transformation: gain the...
TRANSCRIPT
Open BankingEmbed financial servicesin customers’ lives.
of financial institutionshave entered intoFintech partnerships.
Financial institutions can use these new channels to meet their goals:
Let people bank the waythey want to bank.
Connect With Us
Better CustomerExperiences
UniqueOfferings
Open banking also helpsfinancial institutions collaboratewith Fintechs to create:
Pursue new business models:Partner with popular apps to reachbeyond banking channels
Appeal to mobile-firstcustomers: Offer newtools and streamlinethe journey
Accelerate digitaltransformation:Gain the agility to respondquickly to digital innovations
Grow loans anddeposits: Add services toexpand into niche markets
Todayalmost 80%
By 202480% of bankswill be purchasing andintegrating Fintechsolutions from cloudmarketplaces.
58% of consumersprefer banking throughdigital interactions,which open banking canenrich and personalize.
Build revenue: Generatefees and revenue sharefrom Fintechs
Differentiation
Fiserv is cracking open the pathwaysto innovation – creating a thrivingcommunity of collaboration.
Creating spacefor connection
Helping youleverage data
Developingopen APIs
Launchingapp marketplace
Banks + Fintechs = Limitless Possibilities
For more information about how Fiservcan support your open banking strategy,call 800-872-7882, email [email protected] visit us at fiserv.com
© 2020 Fiserv, Inc. or its affiliates. Fiserv is a registered trademark of Fiserv, Inc.
Banks can grow and compete bydelivering services as featureswithin innovative Fintech channels.
Source: “Synergy and Disruption: Ten TrendsShaping Fintech,” McKinsey & Company (2018)
Source: “Expectations & Experiences:Channels and New Entrants,” Fiserv (2019)
Source: “IDC FutureScape: WorldwideFinancial Services 2020 Predictions,” IDC (2019)