Certification in Open Banking
It is anticipated in the next 5 years that more than 30% of new customer acquisition & revenue generation for Banks will be contributed by Open Banking Initiatives. Open banking will also reduce operations costs and sales costs by nearly 70% during this period. 90% of bankers Accenture surveyed believe open banking will boost Organic growth by 10%. We are witnessing movements across the globe driven by Open Banking with not only banks taking various measures but governments also contributing to support initiatives to intensify progress on Open Banking.
Open banking is a digital initiative, which encompasses the opening of banking & financial services and data through APIs for consumption by third parties. Open banking is revolutionizing Financial services and taking banking beyond banks. In this ecosystem, banks (as well as wealth firms, insurance firms, NBFCs, etc) will have to learn to collaborate with external players through the Open Banking Framework.
The Advanced Certification in Open Banking program has been created to help professionals, as well as entrepreneurs, learn to understand the face of new-age banking, grab the opportunity to thrive. This course outlines the basics of open banking, governance framework to set up Open Banking, technology architecture, business models & use cases, and their impact on the overall banking ecosystem.
This course will enable participants to understand the concepts and components required to build business solutions
- Lectures 19
- Quizzes 0
- Skill level All levels
- Language English
- Students 0
- Assessments Yes
Deconstruction of Open Banking
Open Banking Architecture
Progress on Open Banking Globally
Open Banking Framework
Business models & Open Banking Use Cases
Monetization of APIs
Other critical components