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Accenture’s Investigation of Hong Kong’s Open Banking Environment

Accenture Open Banking Report

Accenture Open Banking Report

If your planning your Open Banking strategy & partnership model download Accenture’s report to understand how to create value-added financial products

HONG KONG, August 15, 2019 / -- If your planning your Open Banking strategy and partnership model, download Accenture’s revolutionary report to understand how to create value-added financial products whilst protecting & enhancing your ecosystem.

With phase 2 of HKMA’s Open API Framework expected in Q3, the urgency for banks to create compelling Open Banking propositions is paramount.

Accenture’s ground-breaking findings conclude that banks must prepare themselves across three dimensions:
Technology, Culture & Operations, in order to thrive in this new open, interconnected smart banking landscape.

1. Utilisation of Regulatory Environment
How Hong Kong’s regulatory environment is conducive for Open Banking and how to utilise the opportunities that are present in the smart banking era
2. Value of Pre-emptive Approach
Why taking a pre-emptive approach to Open Banking protects your organisation from inevitable future competition from new entrants and reduces the fluidity of revenue
3. Measures to Mitigate Security Concerns
Why security & data privacy are the top concern for consumers & how it can be mitigated through traditional means & increased personalisation
4. Business Model
Why a partnership driven model is the most profitable for banks & TPP’s due to the trusted position of banks

Download this pioneering report to understand how to adjust established value chains to fit the banking landscape of tomorrow:

All the best,
Isobel Singh

Project Manager | FinTech Network
t: +44 (0) 203 409 3043| e:

Isobel Singh
FinTech Network
+44 7931 911414
email us here