Report Description
Open banking and the broader open finance movement put competitive pressure on banks but also helps them to compete with new digital-first challengers. However, despite the opportunities, there are also significant challenges, especially in the form of legacy infrastructure.
In Readiness of Legacy Systems for Open Banking in Asia Pacific, we seek to understand open banking adoptions and how they are currently being served across the region. The paper also looks at the evolution of the competitive landscape, and shows what players will need to do to stay ahead.