Blog: Embracing Open Banking with Publicis Sapient

Open Banking has made the banking industry more dynamic and innovative, while providing great benefits to customers.

To incumbent banks, Open Banking can be presented as a threat or an opportunity. The ones who act fast and strategically can gain a competitive advantage. There are numerous use cases where an incumbent bank can capitalize on Open Banking.

For example, banks can gain deeper insights into customers’ financial activities and gain better insight into the customer demographic. In addition, banks can partner with a broader selection of fintech players to strengthen their existing service offerings, or launch new products to meet customer needs.

At Publicis Sapient, we provide an array of services ranging from data strategy to implementation, to prepare banks for the arrival of Open Banking regulation and to help them get through the implementation phase to be compliance ready.

We offer services from various capabilities, including engineering, product, data analytics and agile program management.  We can partner with financial institutions on building API-as-a-service following the Open Banking Canada-specific specifications.

Our proven experience: A client success story 

In the UK, we partnered with a large bank to deliver all scopes for the initial go-live and delivered the first Open Banking platform in the world.

• Build API-as-a-service following the Open Banking specifications
• Integrate a fraud platform with the bank’s internal systems
• Implement an enterprise data platform for customer, account and product data
• Construct a third-party provider solution that allows the third party to test and develop solutions

Meet with us at Open Banking Expo Canada on June 11 in Toronto, and learn how we can build scalable enterprise data platforms for customer, account and product data, while implementing add-on analytics to provide customer data insights.

Check out the agenda and register for your ticket here.