Open Banking Implementation for Banks and Credit Unions
Key Takeaways:
- Define Your Open Banking Strategy – Learn how to set clear business objectives, whether it's enhancing customer experience, driving revenue growth, or differentiating your institution in the market.
- Engage the Right Stakeholders Early – Discover how to identify and involve key teams—including compliance, technology, and product management—from the beginning to ensure a smooth and effective implementation.
- Align with FDX/1033 standards – Navigate FDX/1033 standards with best practices in security and consent management..
- Break Implementation into Manageable Phases – Learn how to implement Open Banking in stages, leveraging existing processes and technology to minimize disruption and accelerate adoption.
- Leverage Technology for Seamless Integration – Understand how to build a scalable API strategy, adopt industry standards like FDX, and integrate with legacy systems to ensure secure and efficient data sharing.
Time & Location
March 6 at 12:00 PM ET
About the event
The success of Open Banking depends on aligning implementation with clear strategic goals.
From the onset Banks and Credit Unions must define their objectives—whether it's
enhancing customer experience, driving revenue growth, or standing out in the market.
Breaking the process into individual phases can provide valuable insights. Many steps can
leverage existing policies and processes rather than requiring a complete overhaul.
Two Key Factors: Stakeholders & Strategy
Stakeholders- Identifying and getting the right people involved early is essential. Their
knowledge of the organization and its customers will help shape the process. Keep them
engaged from the start and encourage them to contribute their expertise.
Strategy - A solid plan is key. Organizations must understand how Open Banking benefits
them and their customers. It should fit with their current strategy, technology, and budget.
A clear roadmap helps define stakeholder roles and ensures everything comes together.
Start Now - The sooner the process begins, the better. Open Banking does not have to be
implemented all at once. It can roll out in stages, growing as the organization and customers
adapt.
Join or Webinar on March 6 t hosted in collaboration with OpenFinity. Bryan Hahn, CRO at
IntelliTrade will be hosting industry experts who will be discussing their experience and the
factors which contribute to successful implementation.
About IntelliTrade - Established in 2005 – InteliTrade facilitates financial institutions in
transitioning to efficient and cost-effective solutions for managing and trading financial
products and managing data. We provide innovative, scalable, and flexible out-of-the box
solutions which are easily integrated into existing systems and processes and have
extensive experience in implementing and maintaining Open Banking solutions for
financial institution in a live environment.