Macro Global’s Stakes on achieving Open Banking Compliance
Tavas delivers comprehensive technology and strategic consultancy to empower banks to execute compliant standards and successfully comply with Open Banking initiatives.
Post-Brexit, regulators have tightened the grip on the shoulder of the financial institutions around the compliance mandates, whilst key initiatives like Open Banking significantly impacted the market players strategically. The implied shift from a product-centric to a customer-centric model offers banks to serve customer needs and the fundamental change foster the banking sector more sovereign and make a radical transformation by adopting the logic of open innovation.
For banks, the path towards Open Banking begins with the introduction of market-standard Open APIs developed in the direction of networked banking and the design of a new ecosystem. The combination of API technology and open collaboration are made available to third parties to build new opportunities and services for consumers and are increasingly aimed at satisfying the needs of consumers.
In this business case, we will drive deep into the context that has profoundly changed banks in creating elegant interfaces with Macro Global’s Open Banking integrated services and consolidated procedures.