FinanceDublin.com - Digital ecosystems and open banking adoption in Ireland

Irish banks can draw inspiration from the cross-sector digital ecosystems that have been developed in markets like Singapore and the US by leveraging open banking technology writes Oliver Pugh. By leading cross collaborations with other sectors banks can embed their products into new and developing digital service hubs he says.

Digital ecosystems are the future of banking. They represent a transformation that integrates financial services into every sector of the world economy. Ecosystems like this present an immense opportunity for Irish banks.
Digital ecosystems are collaborations that leverage technology to create new propositions and innovative experiences for consumers. Open banking is one of the primary enablers of digital ecosystems. With explicit consent, it allows access and control of....

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