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World Banking as a Platform Report 2017: Adoption of Banking as a Platform Frees Financial Institutions to Individualize Banking Service Delivery in Concert with FintechsDUBLIN, September 4, 2017 /PRNewswire/ -- The "Banking as a Platform: API Technology Presents Opportunity to Financial Institutions" report has been added to Research and Markets' offering. Banking long entailed a visit to a solid, citadel-like building that served as a repository of assets and financial knowledge. But we've become accustomed to a more open design in branch offices. Form is following function. Banking is becoming a more open and fluid undertaking, and FIs are adopting variations of the "banking as a platform" (BaaP) strategy to position themselves for the rapid pace of change underway. BaaP represents a profound change in the speed of access to technology innovation in products, services, and interaction channels across the values stack. Modularity and standardization of service delivery component outputs empowers financial institutions to configure themselves and their solution sets to fit the individual needs of consumers, according to the research report, Banking as a Platform: API Technology Presents Opportunity to Financial Institutions. This report examines he use of the platform approach for financial institutions to achieve flexibility and agility in leveraging the expansive change being driven by technological innovation across industries. Banking as a platform enables FIs to better balance continued reliance and tried and true processing systems with nimble adoption of technologically enabled avenues of direct interaction with consumers. Highlights of the research note include:
Key Topics Covered: 1. Executive Summary 3. Componentization
4. Collaboration
5. Oversight and Compliance
7. APPlicability of Data
8. Conclusions: The Road Ahead
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/research/l82k22/banking_as_a Media Contact: Laura Wood, Senior Manager
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