By Abhinav Desai
An interesting paper published in the widely respected Journal of Digital Banking on Why open data and compliance will drive open banking and the role AI will play by Abhinav Desai from Pelican.ai is available here.
Why Open Data and Compliance will drive Open Banking and the role AI will play
This paper discusses the latest approaches in intelligent payments, data enrichment and compliance that would drive open banking into a viable platform for consumers and businesses alike — for making payments instantly, making credit decisions with less risk and at greater speed and hyper-personalising customers to offer uniquely targeted solutions. The paper further lays out the premise that open banking is a steppingstone to open finance — an extension of open banking, which allows consumers to share their financial data to include a wider range of financial products and services, such as investments, insurance and pensions.This means that consumers will have more control over their financial data and be able to use it to access better products and services from a wider range of providers. This is then a dynamic ever-evolving place that will constantly innovate. Open banking will bring out exciting new use cases that challenge the norm and bring to life new ways of doing things cheaper, faster and safer.
For a complimentary copy of the paper, please visit here.
Journal of Digital Banking
Journal of Digital Banking is the major professional journal publishing in-depth, peer-reviewed articles and case studies on FinTech innovation, digital disruption and how to develop a profitable, customer-focused digital banking strategy – specifically by using technology and automation to deliver efficient, secure and seamless customer experiences with lower operating costs.
Each quarterly 100-page issue – published in print and online – features detailed, practical articles on the latest strategic thinking on how to exploit new and existing digital banking markets, business models and FinTech innovations along with actionable advice and ‘lessons learned’ from fellow digital banking professionals on the key business, risk and operational requirements for putting that strategy into practice.
It does not publish advertising but rather in-depth analysis of new thinking and practice at a wide range of financial institutions, FinTech innovators and start-ups, investors, central banks and financial regulators worldwide for readers to benchmark their organisation against, with every article being peer-reviewed by an expert Editorial Board to ensure that it focuses on the digital banking professional’s perspective, the challenges they face and how they can tackle them.
Journal of Digital Banking is listed in 'Cabells' Directories of Publishing Opportunities
