The Power Of Open Banking Coupled With Artificial Intelligence

Banking is no longer boring. Our prevalent concept of banking and bankers involves the mental image of a highly corporatised organisation that is closed to the outside world due to its semi-secretive nature (there are many activities a bank will still not talk to you about).

One of these activities was, previously, how they handled their customer data. To partially democratise data, banks were forced to open up their data on customers and their banking behaviours by legislative authorities worldwide in the form of Open Banking. All this has made banking interesting to many.

This ebook is meant to be a short introductory essay on the world of Open Banking and its implication when combined and coupled with the force-multiplying power of Artificial Intelligence (AI).

Download The eBook

Please fill out the form below with valid details:

  • Table of Contents:

    • Open Banking and its impact on Consumers and Banks
    • Nitty gritty of Open Banking
    • Cognitive Banking meets Open Banking
    • a. How does Cognitive Banking help Open Banking
    • b. What is AI?
    • c. Use Cases
    • d. Conclusion
  • Summary:

    Open Banking is the quintessence of Banking 4.0. It is here to stay as consumers who are one of the biggest stakeholders, who drive innovation, will continuously and voraciously lap up all the incremental improvements that come their way and thus exponentially increase their adoption of the latest technologies that the vanguards of financial technology, will introduce. The intended audience for this ebook is either an executive from the business domain or someone from a project implementation team.

  • Key Highlights:

    • $41 trillion money was exchanged on UPI platform of India in 2021
    • 36.11% of UPI application market is held by Google Pay in India
    • 42.55% of UPI application market is held by PhonePe in India
    • 14.86% of UPI application market is held by Paytm in India

Trusted by

Business Insider
The Economic Times
Business Standard
Gulf Today
India Today
Business Today
BW Business World
The Week

More Ebooks

The Boom of Analytics in the Pharma and Healthcare Industry

Business benefits that you can achieve through the power of data

Top 10 Digital Transformation Trends For Healthcare in 2022

Discover the top 10 digital transformation trends for healthcare in 2022

Digital Transformation In Retail Banking

How digital transformation is changing the traditional retail banking experience

Fueling the Future of Fintech With Data Science and AI

Reshaping Fintech Using Data Science and AI

Multiline Insurance – An Emerging Opportunity

Evaluate the blending of multiline insurance and insurance core system

The Power Of Open Banking Coupled With Artificial Intelligence

Discover the impact of open banking and cognitive banking

Checklist To Cost Your Software Development Accurately In 2022

5 key factors to look at before you cost your project in 2022. Assess the pricing with the given checklist.

Reshaping Underwriting Landscape With Focussing On CX – Whitepaper

Build next-gen customer rewarding underwriting journey

Checklist To Become Customer-First Neo Bank- 2021 Proven Solution

Create customer first neobank

Rethinking Financial Landscape with Open Banking – 2021 Global Trends

Open banking is changing the financial landscape...

Reinforce value in the Insurance Value Chain in 2021

Scale by optimising insurance value chain with the advanced...

Technological Transformation at MF Industry- Whitepaper

AMCs are going through digital transformation. Take a look at the top technological.

Re-imagine the Future of Remote Team

To boost team performance and collaborations here are 6 tips to manage...

Outsourcing for Profit: Make Investment Count

Assess, Analyse, Evaluate and Optimise your IT Outsourcing Strategy...