Gartner Research

How to Build an Open Bank

Published: 19 June 2017

ID: G00322372

Analyst(s): Kristin Moyer

Summary

CIOs have four ways to create an open bank: build, acquire, partner and participate. Most CIOs will need to enable more than one open banking approach in order to deliver the digital banking experience.

Table Of Contents

Analysis

  • Approach 1: Build
    • Description
    • Examples of Banks That Have Used a Build Approach
    • When to Use a Build Approach
  • Approach 2: Acquire
    • Description
    • Examples of Banks That Have Used an Acquire Approach
    • When to Use an Acquire Approach
  • Approach 3: Partner
    • Description
    • Examples of Banks That Have Used a Partner Approach
    • When to Use a Partner Approach
  • Approach 4: Participate
    • Description
    • Examples of Banks That Have Used a Participate Approach
    • When to Use a Participate Approach
  • Conclusion

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