618738 Fiserv Open Banking Infographic V5 Opt 1...Accelerate digital transformation: Gain the...

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Transcript of 618738 Fiserv Open Banking Infographic V5 Opt 1...Accelerate digital transformation: Gain the...

Open BankingEmbed financial servicesin customers’ lives.

of financial institutionshave entered intoFintech partnerships.

Financial institutions can use these new channels to meet their goals:

Let people bank the waythey want to bank.

Connect With Us

Better CustomerExperiences

UniqueOfferings

Open banking also helpsfinancial institutions collaboratewith Fintechs to create:

Pursue new business models:Partner with popular apps to reachbeyond banking channels

Appeal to mobile-firstcustomers: Offer newtools and streamlinethe journey

Accelerate digitaltransformation:Gain the agility to respondquickly to digital innovations

Grow loans anddeposits: Add services toexpand into niche markets

Todayalmost 80%

By 202480% of bankswill be purchasing andintegrating Fintechsolutions from cloudmarketplaces.

58% of consumersprefer banking throughdigital interactions,which open banking canenrich and personalize.

Build revenue: Generatefees and revenue sharefrom Fintechs

Differentiation

Fiserv is cracking open the pathwaysto innovation – creating a thrivingcommunity of collaboration.

Creating spacefor connection

Helping youleverage data

Developingopen APIs

Launchingapp marketplace

Banks + Fintechs = Limitless Possibilities

For more information about how Fiservcan support your open banking strategy,call 800-872-7882, email getsolutions@fiserv.comor visit us at fiserv.com

© 2020 Fiserv, Inc. or its affiliates. Fiserv is a registered trademark of Fiserv, Inc.

Banks can grow and compete bydelivering services as featureswithin innovative Fintech channels.

Source: “Synergy and Disruption: Ten TrendsShaping Fintech,” McKinsey & Company (2018)

Source: “Expectations & Experiences:Channels and New Entrants,” Fiserv (2019)

Source: “IDC FutureScape: WorldwideFinancial Services 2020 Predictions,” IDC (2019)