Strategic business models under open banking: A guideline for incumbent banks

• Main Authors: NGUYEN, Huynh Long Hung, MEGARGEL, Alan @ Ali MADJELISI
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2022
• Subjects: FinTech; open banking; API; ecosystem; platform; strategy; Databases and Information Systems; Finance and Financial Management; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/sis_research/7151
• Institution: Singapore Management University

Since their emergence, FinTechs have been rapidly propagating and capturing market share from incumbent banks. These newcomers are responsible for most of the industry’s recent innovations, besides being more agile and customer-centric in their delivery of innovative banking products to the market....