New White Paper
Open Banking Beyond Compliance
For the banks that are prepared to go beyond compliance, Open Banking presents rich opportunities to shape innovative offerings and drive new revenues. To enable API-driven services, banks will make significant changes to their information infrastructures. These changes will also open the door to non-traditional revenue-generating opportunities: API monetization. In this white paper, Virtusa surveys the current Open Banking landscape and puts forward recommendations for effective API monetization, including API pricing models, risk and quality control mechanisms, potential new business models, and strategies for open banking.
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