To create an open bank, CIOs must first determine whether the bank is ready to adopt an open banking strategy. This means identifying:
- What type of open banking strategy the bank is pursuing
- The conflicts that might interfere with technology adoption
Once bank CIOs have determined that their bank is ready to adopt a platform approach or an industry vision to become a platform business, the work becomes determining how the open banking strategy begins. Use this research to understand the best practices for executing an open banking strategy.
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