Essentials Report

Research Overview: Open Finance And Collaborative Business Models In Financial Services

A Guide To Forrester’s Open Finance, Open Banking, And Collaborative Business Model Research

October 12th, 2021
With contributors:
Oliwia Berdak , Nicola Shorten , Sam Bartlett

Summary

Open banking is a reality in many countries and on the roadmap in most — whereas open finance is just coming on to the consultation agenda. Both are cornerstones for collaborative, embedded financial services in what will be a decade-long evolution in delivery and distribution. Overlay this with platform business models, such as marketplaces, lifestyle “super apps,” and X-as-a-service delivery, and you have huge business model flux within financial services. This report lays out Forrester’s research into open banking, open finance, and collaborative business models in financial services, signposting reports and frameworks to help strategy executives determine the path to growth for their firm.

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